IRS Collections Archives - Page 4 of 11 - John R. Dundon II, Enrolled Agent

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IRS Collections

Business Entity Selection and the Tax Consequences of Converting

12 Mar IRS And the Trust Fund Recovery Penalty (TFRP) for Employment Tax Delinquencies

Posted at 00:00h in Employment Tax, IRS Appeal, IRS Audit, IRS Collections, IRS Enforcement, IRS Examination, IRS Penalty and Interest Abatement, Tax Guidance & Preparation, Trust Fund Recovery Penalty

Here are 5 things I learned through experience regarding TFRP: 1. An IRS Revenue Officer makes a determination to "assess" or "not assess" the Trust Fund Recovery Penalty (TFRP). Bankruptcy does not stop the Assessment Statute even though it can stop the Collection effort. One of...

06 Mar IRS Undercover Operations STILL Lacks Sufficient Oversight

Posted at 00:00h in IRS Collections, IRS Criminal Enforcement, IRS Enforcement, IRS Examination

The Treasury Inspector General for Tax Administration released a report today dated February 3rd 2012 titled Criminal Investigation Can Take Steps to Strengthen Oversight of Its Undercover Operation. This audit was conducted as a follow up to an audit in tax years 2001 and 2002 - 10 YEARS AGO....

17 Jan IRS Stakeholder Liaison Meeting Summary – Denver January 2012

Posted at 00:00h in Business Expense, Colorado Department of Revenue, Intent To Levy, Intent To Lien, International Tax, IRA, IRS Appeal, IRS Audit, IRS Centralized Insolvency, IRS Collections, IRS Enforcement, IRS Examination, IRS Levy, IRS Lien, IRS Mediation, IRS Penalties, IRS Penalty and Interest Abatement, IRS Transcript, Marijuana, Medical Expenses, Offshore account, PTIN, Retirement

Attached is the summary of the IRS Stakeholder Liaison Meeting I attended on January 4th 2012 in Denver, Colorado as produced by Deborah Rodgers of the IRS. Some interesting insights were revisited. The most provocative discussion surrounded the comments made by Matthew Houtsma of District...

14 Dec IRS Collection Limitations

Posted at 00:00h in IRS Collections, IRS Enforcement

There are several options available through the IRS to resolve delinquent tax obligations and/or request relief. One of the many reasons you need to be careful when engaging the IRS in these regards is because many of the programs including offer in compromise, collection due...

04 Oct Communicating with the IRS Requires Organized + Detailed Note Taking

Posted at 00:00h in Appeals & Audit Resolution, Basis, IRS Appeal, IRS Audit, IRS Collections, IRS Enforcement, IRS Examination, Tax Court, Tax Guidance & Preparation, Tax Problems & Requests

When you call the IRS I suggest doing it as early in the work day as possible to minimize wait time. Have a pen and pad of paper in hand and ideally be sitting in front of a computer. Write your questions down in advance...

30 Sep Burden of Proof

Posted at 00:00h in Appeals & Audit Resolution, Cancelled Debt, IRS Appeal, IRS Audit, IRS Collections, IRS Enforcement, IRS Examination, IRS Levy, IRS Lien, IRS Mediation, IRS Penalties, IRS Penalty and Interest Abatement

The IRS as many of you are painfully aware is often looked upon as accusing first without due process requiring the tax payer to shoulder the burden of proof in regards to his or her innocence relevant to the Internal Revenue Code. In other words...

29 Sep IRS Expanding Audits to Unrelated Tax Years and Tax Matters

Posted at 00:00h in Appeals & Audit Resolution, Audit Reconsideration, IRS Audit, IRS Collections, IRS Enforcement, IRS Examination, IRS Mediation

According to the Treasury Inspector General for Tax Administration (TIGTA) the IRS needs to expand audits to other tax years and tax matters when large dollar amounts are involved in a preexisting audit making it all the more important to know exactly what you are...

21 Sep IRS Voluntary Worker Classification Settlement Program: Apply using IRS Form 8952

Posted at 00:00h in Employee Business Expense, Employment Tax, IRS Collections, IRS Enforcement, IRS Examination, IRS Penalty and Interest Abatement, Tax Guidance & Preparation, Tax Problems & Requests

The Internal Revenue Service launched a new program that will enable many employers to voluntarily reclassifying their workers in an effort to resolve past worker classification issues. It is called the Voluntary Classification Settlement Program (VCSP). This new program will allow employers the opportunity to make a minimal...

01 Sep IRS Criminal Investigation Enforcement Trends

Posted at 00:00h in IRS Collections, IRS Enforcement, IRS Examination, Tax Fraud

Hey everyone, check out what the Treasury Inspector General for Tax Administration is writing...

18 Aug Trends in IRS Collection and Enforcement

Posted at 00:00h in Appeals & Audit Resolution, IRS Audit, IRS Collections, IRS Enforcement, IRS Examination, IRS Mediation, IRS Penalties, Tax Abuse, Tax Fraud

According to a report filed by the Treasury Inspector General for Tax Administration there has been a 19 % increase of enforcement personnel serving in the Collection and Examination function of the IRS since Fiscal Year 2006. Whereas on average overall IRS staffing increased 4 percent during...