Colorado Springs: How Can I Get Audit Reconsideration? What is an Audit Reconsideration?

 

 

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA, CTRC

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com

Colorado Springs: Can I Appeal This IRS Collections Notice?

Few pieces of mail cause as much stress as a certified letter with the Internal Revenue Service in the return address area.  Then, when you open the letter you see a large balance due that you did not expect.  What can you do to navigate this challenging situation?

1. Hire a tax professional: An Enrolled Agent (EA) can represent you before the IRS, review your tax records, and provide expert guidance on how navigate the appeals process

2. Understand the Notice: An Enrolled Agent will carefully read the collections notice and help you to understand the amount owed, the reasons behind it, and the  deadline for responding, which is crucial to avoid further penalties.

3. Gather Documentation: An EA will help you to identify the relevant documents, including tax returns, payment records, and any correspondence with the IRS. The proper documentation is essential to building a case with the IRS.

4. File a Written Protest: After careful review of all the information and if you disagree with the notice, an EA will prepare to file a written protest.  The protest will clearly state the reasons for disagreement and provide supporting evidence.  The more comprehensive the protest the better.  Make sure the protest is timely filed. 

5. If Needed, Request an Appeals Conference: An EA can represent you in an appeal conference. The IRS Independent Office of Appeals operates separately from the collections division and aims to resolve disputes impartially. During the conference, your EA will present your case and any additional evidence.

6. Explore Alternative Solutions: If appealing the notice is not feasible, explore other options like installment agreements or an offer in compromise, which allows you to settle your tax debt for less than the full amount owed. 

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA, CTRC

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com

Colorado Springs: Has Your Back Tax Debt Expired?

 

Do you owe taxes from several years ago?  Is the IRS still trying to collect from you?  Are you aware that under the Internal Revenue Code Section 6502 there is a 10 year limit on collections?

This 10 year limit starts on the day when the tax is first assessed, not when your tax return was filed.  There are also several actions that can extend the collection period.

What does this mean for you the taxpayer?  If you are still paying on taxes first assessed over 10 years, your tax debt may be gone and no longer collectable.  With a proper calculation of the collection period Marcelino Dodge, EA can determine if you no longer need to make payments.  Oh, what a relief that would be!

Cash Tracks Financial of Colorado Springs
Marcelino Dodge, EA
525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
www.cashtracksfinancial.com
success@cashtracksfinancial.com

Colorado Springs: What Can I Do Get My Penalty Abated on Appeal?

 

A few weeks ago you submitted your request for penalty abatement from the IRS.  After waiting with anticipation for a response, you finally receive a letter from from the IRS, but instead of the anticipated penalty abatement, you are told that you do not qualify for penalty abatement.  Can you you appeal this initial denial?  Yes, you can. What are some of the factors that  can help you to prepare and to win on appeal?

For a successful appeal you MUST have the following factors:

• Good books and records
• Have a good history of compliance
• Have all the information and show attempts to comply
• Hire a competent tax professional, such as an Enrolled Agent or CPA

Marcelino Dodge, Enrolled Agent is such a professional to help you get organized and to negotiate on your behalf with the IRS.  The Appeals Officer will not simply concede.  We will have to build a strong case and make their job easy to do.

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com