IRS Audit Archives - Page 2 of 10 - John R. Dundon II, Enrolled Agent

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IRS Audit

15 Jan IRS Stakeholder Liaison Meeting – Denver

Posted at 00:00h in IRS Appeal, IRS Audit, IRS Centralized Insolvency, IRS Collections, IRS Criminal Enforcement, IRS Enforcement, IRS Examination, IRS Levy, IRS Lien, IRS Mediation, IRS Penalties, IRS Penalty and Interest Abatement, IRS Transcript, ITIN

The following is a summary of the IRS' most recent Stakeholder Liaison Meeting in Denver Colorado as prepared by Ann Burton, IRS Senior Stakeholder Liaison. It is jam packed with procedural information and status updates from line managers and group leaders of the various IRS...

10 Dec TAS – The Decline and Fall of a Once Great Department Inside the IRS

Posted at 00:00h in IRS Appeal, IRS Audit, IRS Collections, IRS Enforcement, IRS Examination, IRS Levy, IRS Lien, IRS Mediation, IRS Penalties, IRS Penalty and Interest Abatement, IRS Transcript

Last week I read that the Taxpayer Advocate Service's (TAS) case load has been growing substantially and this once great department inside the IRS does not have the resources to continue to handle its current inventory levels without adversely impacting its ability to provide effective...

25 Oct Colorado Disaster Relief from the IRS – Publication 2194

If you have been impacted by a disaster in your area like many of my friends most recently here in Colorado due to flooding as defined by FEMAand identified by our President causing you to be unable to meet your tax obligations the IRS may...

17 Oct Accumulated Adjustment Account (AAA) Schedule M-2 Does NOT have to Necessarily Tie Out to Retained Earnings Schedule L on IRS Form 1120-S

Posted at 00:00h in Accumulated Adjustment Account, IRS Audit, Self Employ, Small Business, Sub-chapter S

A taxpayer came to me looking for a second opinion on how his company's 2011 and 2012IRS Form 1120-Swere prepared, signed and filed because the retained earnings reported on Schedule L was ($100,000) - as in negative - AND the Accumulated Adjustment Account (AAA) on...

10 Oct IRS Office of Appeals Handling Of Collection Due Process Cases – STILL INADEQUATE!

Posted at 00:00h in IRS Appeal, IRS Audit, IRS Collections, IRS Criminal Enforcement, IRS Enforcement, IRS Examination, IRS Levy, IRS Lien, IRS Mediation, Tax Guidance & Preparation, Tax Preparer, Tax Problems & Requests, Tax Relief, Taxpayer Advocate, TIGTA, United States Treasury

If you have ever been a victim of IRS lien or levy action you know first hand that it can be unilaterally devastating on many levels and take literally years if not decades to financially overcome. To add insult to injury it gets all the...

09 Oct Tax Audit Musings

Posted at 00:00h in Appeals & Audit Resolution, Audit Reconsideration, Audit Technique Guide, IRS Appeal, IRS Audit, IRS Collections, IRS Criminal Enforcement, IRS Enforcement, IRS Examination, IRS Levy, IRS Lien, IRS Mediation, IRS Penalties, IRS Penalty and Interest Abatement, Uncategorized

If you chose to represent yourself in an IRS Examinationrealize the IRS Revenue Agent (RA) or Tax Compliance Officer (TCO) assigned your file is trained very thoroughly to advocate on behalf of the US Government. One method used quite often is to create a (false)...

20 Aug Sophy v. Commissioner – Reviewing Mortgage Interest Deduction Limitations

Posted at 00:00h in Debt, Disallowed Expenses, IRS Appeal, IRS Audit, IRS Examination, Marriage, Mortgage, Paying Taxes, Tax Filing Status, Tax Guidance & Preparation

Taxpayers living in Vail Colorado contacted me most recently to represent them in an IRS audited covering tax years 2009, 2010 and 2011 relevant to several small items but specifically to the mortgage interest deduction claimed on Schedule A of form 1040. The taxpayers are domestic...

12 Aug Notes From the July IRS Stakeholder Liaison Meeting

The following is a compilation of the presentations given at the last IRS Stakeholder liaison meeting as prepared by IRS Senior Stakeholder Liaison Debra Rodgers complete with some very pointed questions and answers. Please pay particular attention to Nancy Carver's remarks concerning implementation of DOMA...

19 Apr It has been QUITE a tax season! A Review of IRS Activity

According to the newly released 2012 IRS Data Book,the IRS collected almost $2.5 trillion in federal revenue and processed 237 million returns, of which almost 145 million were filed electronically. Out of the 146 million individual income tax returns filed, almost 81 percent were e-filed....

21 Feb IRS Targets – Don’t Be One.

Posted at 00:00h in IRS Appeal, IRS Audit, IRS Collections, IRS Criminal Enforcement, IRS Enforcement, IRS Examination, IRS Levy, IRS Lien, IRS Mediation, IRS Penalties, IRS Penalty and Interest Abatement, Tax Relief

In 2013, the IRS will focus the significant majority of their enforcement budget and subsequent activity in my opinion on three specific areas: 1. Abusive transactions and under reported income on partnership returns (IRS Form 1065). 2. Officer compensation as well as losses taken in excess of...