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The Accountant’s Guide to Resolving Tax Debts, plus the companion Community Property Addendum




Part of Eric Green’s Tax Controversies eBook Series

CLICK HERE FOR THE ENTIRE SERIES AT LIMITED TIME DISCOUNTED PRICE 

Use the BUY NOW button on this page to buy The Accountant’s Guide to Resolving Tax Debts, plus the companion Community Property Addendum 

Nationally recognized tax controversies expert Eric Green eBook series is now available! They are the perfect way to get your head around the complexity and dark corners of tax controversies:

 

  • The Accountant’s Guide to Resolving Tax Debts, plus the companion Community Property Addendum
     
  • The Accountant’s Guide to Resolving Payroll Taxes and Personal Liability
     
  • The Accountant’s Guide to IRS Collections

One or more of these books will be invaluable if you or anyone in your office has a client who:

  • owes back taxes and would like to explore an “offer-in-compromise” or,
  • has an installment agreement and has tax issues or questions, or
  • needs to resolve IRS issues such as civil exam, criminal tax fraud issues, or outstanding tax liabilities, or
  • is threatened by an IRS levy or lien or
  • is being pursued by the IRS for not filing tax returns and is facing failure to file or failure to pay penalties, or
  • has “borrowed” money that should have been reported and paid to the IRS and is now facing personal liability, interest, and penalty charges.

Here’s what Steve Leimberg said about this series:

You’ll find each of these three books (plus the community property supplement) are highly practical “soup to nuts” guides that will take you step-by-step through the thought process and provide you with the procedures, sample forms, letters, and checklists.  These books by Eric Green are blueprints in education for performance at a highly professional level.  An excellent investment not only for CPAs but for any full-service tax advice provider! I’ve found them to be the perfect way to get your head around the complexity and dark corners of tax controversies.

 

WHAT’S IN THE BOOK?  TABLE OF CONTENTS:

(1) The Accountant’s Guide to Resolving Tax Debts (2nd Edition)

Table of Contents

About the Author............................................................................................. 6

The Lure of Offers-in-Compromise................................................................... 8

The Collection Process.................................................................................. 10

The IRS Collection Division............................................................................ 12

Collection Appeals......................................................................................... 13

The Statute of Limitations.............................................................................. 15

Federal Tax Liens......................................................................................... 16

Federal Tax Levies........................................................................................ 17

Tax Compliance............................................................................................ 17

Estimated Taxes........................................................................................... 18

Withholding Taxes......................................................................................... 20

Financial Analysis: It’s All in the Numbers....................................................... 21

RCP: Reasonable Collection Potential............................................................ 22

Net Equity in Assets...................................................................................... 23

Future Income Calculation............................................................................. 25

One-Spouse is Liable.................................................................................... 34

Community Property States........................................................................... 35

Installment Agreements & Uncollectible Status................................................ 37

Automatic Installment Agreement................................................................... 39

Streamlined Installment Agreement................................................................ 40

Regular Installment Agreement...................................................................... 40

Partial-Pay Installment Agreement................................................................. 41

One-Year Rule.............................................................................................. 42

Six-Year Rule................................................................................................ 42

Defaulting on an Installment Agreement......................................................... 43

Uncollectible Status....................................................................................... 43

Offers-in-Compromise................................................................................... 47

The Offer-in-Compromise Program................................................................ 49

Lump-Sum Offers......................................................................................... 49

Short-Term Deferred Offer (Periodic Payment)............................................... 50

Reasonable Collection Potential (“RCP”)......................................................... 51

Common Issues with Offers........................................................................... 53

Non-Compliance........................................................................................... 53

Ability to Full-Pay.......................................................................................... 55

Dissipated Assets.......................................................................................... 55

Non-Cash Expenses...................................................................................... 57

Averaging the Taxpayer’s Income.................................................................. 57

Orders of Restitution..................................................................................... 58

The Firearms Excise Tax Improvement Act of 2010 (FETI).............................. 59

The IRC § 6204 Assessment......................................................................... 60

Dealing with the Civil Assessment.................................................................. 60

No Compromise............................................................................................ 61

Compromise with Restitution Paid in Full........................................................ 61

Effective Tax Administration Offers (“ETA”) and Doubt-as-to-Collectability with Special Circumstances (“DCSC”).................................................................. 62

Doubt-as-to-Liability Offers (“DATL”).............................................................. 64

The Offer-in-Compromise Outcome............................................................... 64

Bankruptcy................................................................................................... 66

The Automatic Stay....................................................................................... 68

Discharging Taxes......................................................................................... 68

Payment Plans.............................................................................................. 73

Tax Liens...................................................................................................... 74

Collection Appeals......................................................................................... 75

Collection Due Process.................................................................................. 76

The Appeals Hearing..................................................................................... 78

Equivalent Hearings...................................................................................... 79

Offer-in-Compromise Appeals........................................................................ 80

Payroll Taxes & Personal Liability................................................................... 81

Introduction to Payroll Taxes.......................................................................... 82

Internal Revenue Code § 6672....................................................................... 84

The Willfulness Requirement.......................................................................... 85

The Trust Fund Investigation......................................................................... 85

The Payroll Liability Assessment Process....................................................... 86

Recent Payroll Tax Initiatives by the IRS........................................................ 86

Federal Tax Deposit (“FTD”) Alerts................................................................. 87

So, what is an FTD Alert?.............................................................................. 88

Case Studies................................................................................................ 89

  1. Streamlined Installment Agreement.......................................................... 90
  2. “Pay-Down” to a Streamlined Installment Agreement................................ 91
  3. Currently-Not-Collectable......................................................................... 92
  4. Regular Installment Agreement................................................................ 95
  5. Offer-in-Compromise: Joint-Liability......................................................... 97
  6. Offer-in-Compromise: One Spouse Responsible....................................... 99

Checklist: Offer-in-Compromise................................................................... 102

Exhibits....................................................................................................... 105

 

 



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