Hi, I'm Jeff Fouts, a tax attorney located in metro Atlanta with a nationwide law practice. I help clients who have serious IRS problems. Today, I'd like to share with you a client case study. This case involves a married couple in their late 40s from Marietta, Georgia who originally hired us to assist them with filing an offer in compromise. However, after reviewing their financial information, we discovered that they did not qualify for an offer. Upon further investigation, we noticed that the IRS had assessed additional taxes for several years. Our clients were confused about why these additional taxes were assessed. We spoke with a local IRS revenue officer to try and obtain copies of the underlying paperwork related to the additional taxes. Unfortunately, this person was unable to assist us. So, we reached out to another special office for help. Thankfully, this second office was able to provide us with copies of the correspondence audit, which had requested proof of our clients' basis in a large family partnership. When we asked our clients for this information, they informed us that it was simply not available. After discussing the situation, we all agreed that it would be best to end our representation, as there was nothing further we could do without the additional financial information. Several years later, the same clients rehired us to file an audit reconsideration. They were able to locate documentation supporting their partnership basis. At this point, our clients owed over a hundred and sixty thousand dollars, and the IRS had a partial pay installment agreement in place, being paid through a payroll deduction on the husband's wages. Our first step was to obtain a signed IRS Form 2848 and Form 8821, which allowed us to represent the clients and speak with the IRS on their behalf. This audit...
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Audit reconsideration 4549 Form: What You Should Know
The full text and instructions for the IRS Form 4549 can be found under “Form 4549 and IRS Forms 1040 and 1040A.” The form also contains the explanation of items, which are examples of items the IRS may audit during an audit. Form 8566 and Notice of Overpayment — H&R Block You must file and pay the additional tax due by the due date on your tax form. A late payment penalty may apply if the late-filed return does not include the timely tax. You may also notice a Notice of Overpayment (Form 8566). Form 4506, U.S. Individual Income Tax Return Filing Response If the IRS audits and determines that a violation exists in any refund or credit you are entitled to, you will be given an “A” or an “F”. An “A” is that the IRS needs the information and cannot process your refund or credit. An “F” indicates that the tax is unpaid. Form 4549, Income Tax Examination Changes — H&R Block Form 4549 means that the IRS has audited your tax return and made changes. Find out how to respond if you agree or disagree with the details on Form 4549. Form 4549 IRS Audit Confirmation IRS Form 4549 emails you and tells you, “The IRS has received your information to confirm that a violation exists.” The form also tells you: Find out how to respond if you agree or disagree with the details on Form 4549. IRS Forms 4549 and 4506 — H&R Block The IRS has audited your tax return and made changes. Find out how to respond if you agree or disagree with the details on these forms.
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