IRS audit rates are going back up after falling to all-time lows as the
IRS put funds into updating computers, customer service and other
programs. Now the reorganization is almost over and the IRS is back to enforcement with a vengeance.
For example during 2003 the audit rate for all individual tax returns
rose 14%, the audit rate for taxpayers with incomes over $100,000 rose
Seizures, liens and levies are rising too! Seizures rose 539% of what
they were in 2000, Liens rose 327% and levies rose 765%.
The IRS is doing much more to audit smart like national research
programs so they can select audit targets with greater effectively like
computer matching programs for K-1s to find income paid by partnerships,
S corporations and trusts to taxpayers.
Offshore transactions are made a high priority and the IRS is
aggressively pursuing those who use foreign bank accounts to escape
taxes. Another high priority target is abusive tax shelters which have
been promoted on the internet.
Specifically targeted: Those with “total positive income before taxes
but low net taxable income after deductions.
The IRS has started new information-sharing programs with states for use
in shelter cases and others to detect tax evasion.
Congress is demanding that the IRS crack down in our era of budget
deficits and has appropriated
What can we do for you?
We can review the assessment by the IRS to see if they made any mistakes
in calculations or in the application of the law to reduce your
deficiency. As a former Tax Counsel for the Department of Finance I know
there are many mistakes that can be made at the Audit level.
We can make offers to settle the matter and if that doesn’t work; we may
appeal the auditor’s decision to his superior. The agents are under
pressure to close cases so they don’t want too many cases to be appealed
as this doesn’t look good on their performance review.
We may make an Offer in Compromise to the IRS, that is offer to pay less
than the assessment because you cannot make or ever make payment.
We may offer to pay off the deficiency in installments as that may be
much easier for you.
If we are convinced that we can get a better deal form the IRS, we will
tell the Service that we are filing with the Tax Court for a trial. This
usually has the effect of getting a settlement offer accepted.
There are more strategies for dealing with the IRS; let us explain them
Do you have tax problems? Or do you simply want professionals to prepare
your returns? If so, consult the experts. Greenberg & Merola, LLP has
CPAs associated with our firm to help give you the correct expert advice
FREE OFFER: Call today and request the reports we publish. DON'T LET TAX
PROBLEMS HOLD YOU BACK!
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end IRS difficulties.
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Call today for FREE CONFIDENTIAL IRS TAX REPORT on what you can do to
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This website provides general information. Due to complexities and constant
changes in the law, exceptions to general principles of law, and variations
of state laws, seek professional legal advice before acting on any matter!
Some of the information on this website
only pertains to certain states. Accordingly seek professional legal
advice before acting on any matter.