doubt as to liability: Are you Out-of-Luck when the IRS cannot be convinced that its Assessment is Incorrect?
- 01/23/23 03:00 PM
It happens. The IRS audits you and makes an assessment that you know is wrong. Maybe you missed the audit appointment, and the auditor disallowed all your deductions. Or maybe the IRS has a 1099 or W-2 showing that you have unreported income and you have never heard of the issuer. If you just can’t get the IRS to listen to reason, one of your options is an Offer-in-Compromise based on Doubt-as-to-Liability. What is an Offer-in-Compromise? An Offer-in-Compromise is an agreement with the IRS to pay less than the full amount of the assessment. Usually, the basis for this offer is based on … (1 comments)
doubt as to liability: What to do if you don’t really owe the IRS
- 09/01/19 07:50 AM
I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue. The IRS can assess taxes through its many audit programs. Many of these programs are automated to an extent that no human was involved in the process. Inevitably, this leads to situations where the taxpayer has little understanding of why he or she owes taxes. There are two main options to fixing this situation. You can request an Audit Reconsideration by filing Form 12661 and including all of the documents that were not considered in the original audit process. To qualify for this process, you must still … (0 comments)
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Jim Payne, CPA
CPA firm practicing in the area of IRS Collections
It happens. The IRS audits you and makes an assessment that you know is wrong. Maybe you missed the audit appointment, and the auditor disallowed all your deductions. Or maybe the IRS has a 1099 or W-2 showing that you have unreported income and you have never heard of the issuer. If you just can’t get the IRS to listen to reason, one of your options is an Offer-in-Compromise based on Doubt-as-to-Liability.
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