Tax problems? tax controversy representation and consulting for clients and tax firms
IRS collection rules change often. Here is my Accounting Today article on six major changes that took place in 2016-2017 that made it easier for taxpayers to enter into collection alternatives (extensions to pay, installment agreements/payment plans, currently not collectible status, and offers in compromise) with the IRS.
The IRS loses almost 1/2 trillion tax dollars each year (called the “tax gap”) due to noncompliance. My AICPA CPA Insider article on 5 reasons why the IRS is not giving up on enforcing the tax laws.
My article written for H&R Block that shows the “new IRS” – that is, few audits, but use of the billions of information statements filed each year (i.e. Forms 1099/W-2, etc.) that the IRS can use for automated compliance. Read the story here.
1.65 million individuals qualify for first time penalty abatement. It can be used for individuals, business, and employers for the failure to file, failure to pay, failure to deposit and a few other common penalties. Most taxpayers and tax professionals do not know about it. Here is my article in the Tax Adviser that explains how it works. If you have any questions, please feel free to contact me.
The article is called “Red Letters.” In 2013, the IRS started using Form 1099-K that reports merchant card transactions (like debit and credit cards) to match against business returns. This matching program was the start of my problems for taxpayers. The article explains the IRS compliance programs using Form 1099-K and what to do if you get a 1099-K IRS matching notice or audit.
My comprehensive review of the why and how the IRS uses small business accounting electronic files in small business audits. The article explains what to do when the IRS requests these files. This article addresses the concerns of tax professionals and their clients when the IRS requests QuickBooks backup files as part of an audit. Read “IRS Audits of Small Business Software Files.”
This article discusses an issue common to many small…and not so small businesses. As published in AICPA CPA Insider. Read Should Your Client’s Independent Contractors Really Be Employees? here.
My articles in CPA Practice Advisor on how CPAs can do better serving clients with tax problems, 1099-K matching issues in IRS audits/notices of small businesses, and IRS identify verification issues and advice to help clients.
This article sheds light on a useful, but often overlooked option within the IRS – First-time Penalty Abatement. As published in, AICPA CPA Insider, CPA Letter Daily, and Accounting Today. It provides the basic qualifications for First time penalty abatement from the IRS. Read the full article here.
