Tax compliance controversies can involve proposed tax assessments, tax collection or other IRS actions. While many taxpayers believe that the first decision in an IRS tax compliance matter is final, almost all decisions are subject to review by the IRS Independent Office of Appeals.
It is important for taxpayers to carefully read each piece of mail that the IRS sends them. In the past, the IRS would often initiate contact with a taxpayer via a phone call. Due to numerous telephone scams, including some involving the impersonation of IRS employees, the IRS now initiates all contact by mail.
In a recent article for Industry Today, James Pickett discusses the most common types of penalties issued by the Internal Revenue Service (IRS) each year. Of the 40 million penalties issued in 2017, 26 million involved three common penalties: delinquency (failure-to-file), failure-to-pay and failure-to-deposit employment taxes.
In an article published recently in Construction Executive and its CE Weekly newsletter, James Pickett explains what taxpayers should do when dealing with various IRS notices. Pickett emphasizes that taxpayers and their representatives should carefully reach each piece of mail that the IRS sends and to never ignore correspondence.
On Tuesday, December 18 at 1:00 PM ET, James Pickett, Director of Tax Controversy at Bennett Thrasher, will be presenting a live webinar and discussing steps to take when the IRS mails you a letter or notice.
On September 20th at 1:00 PM ET, James Pickett, Director of Tax Controversy at Bennett Thrasher, will be presenting on how accountants can navigate the IRS Audit Process successfully for their clients.
James Pickett shares tips for preparing for an IRS Tax Audit in a recent article published by CPA Practice Advisor. The article outlines the process for advising clients who have received an IRS audit notice as 1 in 160 individual taxpayers are audited and approximately 1 in 12 for returns reporting more than $5 million in gross income.
There is a letter for you. The return address looks ominous – as the first line reads: Internal Revenue Service. You opened it. Your worst fears were confirmed. It is the dreaded notice that your individual income tax return is under audit or, to put it in the language used by the IRS, “your return has been selected for examination.”
James Pickett, Director of Tax Controversy, will be giving an overview of recent IRS changes at several upcoming speaking events in both Atlanta and Macon.
Moving season is on the horizon. In regards to state income tax, those intending on moving out of Georgia this year, or in the future, need to be aware there is an extra step to ensure Georgia is no longer considered their place of domicile.