Bad Tax Assessment? No Problem!

By
Education & Training with KLSM CPA Firm, PLLC

Have you been assessed with tax debt that you don’t owe? Believe it or not, it happens more often than you think. Perhaps a business issued a 1099 incorrectly, you had an IRS audit or maybe you had an IRS appeal that was never heard.

Whatever the situation may be, if you have been wrongly assessed, don’t fear! There are options available to challenge the IRS and reopen these types of bad assessments.

We can consider the following options:

  • Audit Reconsideration
  • Doubt-as-to-Liability Offer
  • Collection Due Process hearing
  • Refund Litigation
  • Bankruptcy

The option selected to resolve the clients' tax matter depends entirely on the their situation. Is the client seeking a refund, looking to close out the matter or are additional creditors are involved. 

To discuss a bad assessment of tax debt you don’t owe or any other tax issue, please contact me directly via email at Tax@klsm-cpa.com.

 

Krystin L. Mitchell

KLSM CPA Firm, PLLC

2700 Post Oak Blvd 21st Floor

Houston, TX 77056

Tax@klsm-cpa.com

 

KLSM CPA Firm PLLC empowers individuals and small businesses by providing accounting and tax solutions for financial success. We assist our clients with tax resolution matters such as Texas sales tax, payroll and income tax issues in Houston, TX, San Antonio TX, and elsewhere.

Comments (13)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good advice to share.

Thank you very much for following my blog. Your comments are always welcome.

Sep 08, 2019 05:33 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Krystin Mitchell, CPA CFE glad you feel comfortable dealing with the IRS, because they make me very nervous.  That is why I go above and beyond to be above board with them.  I do not take any chance when it comes to the IRS.

Sep 09, 2019 12:22 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Krystin,

This is wonderful advice to share with all of us.  And may I suggest that you use a larger font like 14, so that it is easier to read for all of us.  A

Sep 11, 2019 01:17 PM
Krystin Mitchell, CPA CFE

Sure


 


 

Sep 11, 2019 04:24 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for your comments on my recent post.

I hope you are enjoying a very productive week.

Sep 11, 2019 05:17 PM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi there Krystin, thanks for the follow. I enjoyed reading this and look forward to more posts. D 

Sep 12, 2019 08:04 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Krystin, great information for those with tax problems, and hope to see more of your posts.

Sep 18, 2019 05:48 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Krystin,  Great information for so many people that could be running in to tax problems.  Thanks!

 

Sep 24, 2019 09:00 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening  Krystin Mitchell, CPA CFE ,

 Good information to share and those in need now know  where to go for help! I've never wanted to tangle with the IRS and am diligent about getting everything to my CPA on time so there are no delays!

Sep 24, 2019 03:57 PM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You are definitely the person to help someone out that has been the victim of a bad tax assessment!

Sep 26, 2019 06:26 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Great advice Krystin. I hope never to need it!

Oct 02, 2019 12:18 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

This is such great advice, Krystin. Sadly, there are no doubt people who can get help from you on this issue! Thankfully it's not something I have had to deal with.

Jeff

Oct 02, 2019 08:12 PM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Hi Kyrstin! What wonderful advice to share and I know there are a LOT of people who need tax advice! Like Dorie Dillard CRS GRI ABR, my personal and business taxes are done ON TIME (truly, early)! I'm always surprised to see how few of our peers file on time. In fact, this time of year, we're often hearing about them filing taxes. I think I would have had a heart attack had I not filed on time one year! LOL

Oct 15, 2019 07:23 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Krystin - when it comes to matters like this, having professional representation definitely matters.  It shows.  

Oct 17, 2019 10:25 AM