Tax Seminar #3 – December 3 2012

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Comment by Appeals Officer: Taxpayer has not been compliant since 2001. In reality, with only a handful of exceptions, the taxpayer has been fully compliant. The taxpayer has actually overpaid approximately $8,000. Quarter Ended Filing Payments 03/31/02 Timely Filed Payments were made all on time. However, two payments are missing from transcript. Client double-paid ...see original cancelled checks. Client overpaid $8,369.41. 06/30/02 Timely Filed Checks for last three payments of quarter were written timely, but deposited five to six weeks late. The payments were all made on or before the due date of the return. Client paid penalty of $1,278.82. 09/30/02 Timely Filed Timely Paid 12/31/02 Timely Filed There was an oversight as to one week’s payment (October 11, 2002). The check was written (#5079) on time but not turned in for deposit. Client believed that the payment had been made and filed his form 941 accordingly. Upon receipt of notice from IRS, client paid promptly. See form 941. 03/31/03 Timely Filed Timely Paid 06/30/03 Timely Filed 13 Weekly payments of payroll taxes were paid. A penalty of $1,761.06 was assessed and paid. We have no idea why. 09/30/03 Timely Filed Taxpayer did fall behind slightly during the first 2 months of the quarter. All was caught up by October 1. A penalty of $2,905.79 was imposed by the IRS and paid. 12/31/03 Timely Filed Timely Paid 03/31/04 Timely Filed Timely Paid. Note, a federal tax deposit penalty was assessed and abated. A review of the payroll tax return and transcript shows that all payments were timely made. 06/30/04 Timely Filed 13 Weekly payments of payroll taxes were paid. A penalty of $606.14 was assessed and paid. We have no idea why. 09/30/04 Timely Filed Timely Paid 12/31/04 Timely Filed Timely Paid 03/31/05 Timely Filed Timely Paid 06/30/05 Timely Filed Timely Paid 09/30/05 Timely Filed One of the 13 weekly payments was paid 2 months late (7/29 payroll paid on 9/29/05). All others were paid timely. Client was assessed a penalty of $948.62 which was paid in full by the client. 140
Yogi Berra Estimated 2011 - 2012 Cash Flow Projection End of Year Balances 150 300 450 600 750 900 50 14,200 350 9,500 21,150 1,800 141
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The Zicklin Tax Seminar Series Tax
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E. MARTIN DAVIDOFF & ASSOCIATES CER
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433CASE12.123 John & Jane Doe 08/17
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Form 656 (Rev. May 2012) Department
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Section 6 Designation of Down Payme
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Form 656 (Rev. May 2012) Department
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Jim and Kelly Smith SS#: 123-45-678
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Offer In Compromise Package Logisti
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One Car Two Cars Houston $312 $624
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Print Email Reports Export Reports
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R.C.P. OLD NEW Monthly Excess $361
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E. MARTIN DAVIDOFF ATTORNEY AT LAW
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Request for a Collection Due Proces
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of section 404(a) (2)), 404 (relati
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software, taxation, or ethics); and
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the matter within 60 days of the da
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their practice with the firm, that
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paragraph (a) of this section. (ii)
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the Secretary of the Treasury, or d
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to a conference and may be suspende
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Tax Seminar #3 – December 3 2012

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