Tax Seminar #3 – December 3 2012

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DIRECT DEBIT INSTALLMENT AGREEMENT Eligibility Requirements to request Lien Withdrawal: 1. The current amount owed must be $25,000 or less 2. Balance may be paid down to $25,000 or less prior to requesting the lien withdrawal to become eligible. 3. DDIA must pay the full amount owed within 60 months OR before the Collection Statute expires, whichever is earlier. 4. Taxpayer must be in full compliance with other filing and payment requirements 5. Taxpayer must have made three consecutive direct debit payments 6. Taxpayer cannot have previously received a lien withdrawal for the same taxes (unless the withdrawal was for an improper filing of the lien). 7. You cannot have defaulted on your CURRENT, or any PREVIOUS, direct debit installment agreement. Who is NOT Eligible 1. Taxpayers who owe more than $25,000 2. Small Business who owe Payroll Trust Fund Taxes 3. Taxpayer has defaulted on their CURRENT, or any PREVIOUS, direct debit installment agreement. Completion of Form 12277 “Application for Withdrawal of Filed Form 668(Y), Notice of Federal Tax Lien”: A. Check the third box in Section 11 “The taxpayer is under a Direct Debit Installment Agreement” B. In Section 12 write: "I have a Direct Debit Installment Agreement, the balance is less than $25,000 and I have made three payments. I am seeking a withdrawal under the Fresh Start program." Submit Package: (See Publication 4235 "Advisory Group Addresses" to determine which is office should receive your Form 12277) 1. Transmittal Letter 2. Copy of the IRS Direct Debit Installment Agreement Acceptance Letter. 3. Copy of Form 2848 "Power of Attorney and Declaration of Representative" 168
Online Payment Agreement Application You can avoid unnecessary penalties and interest by paying your taxes in full and on time. This application will allow you or your authorized representative (Power of Attorney) to apply for an installment agreement if you cannot pay your taxes in full. • Apply for a payment agreement. • Social Security number or Individual Tax ID number; • You owe $50,000 or less in combined tax, penalties and interest. • Receive immediate notification of approval. • Date of birth; Page 1 of 1 Online Payment Agreement Application 5/17/2012 • You have filed all required tax returns. • Consider system availability: • Caller ID number, shown at the top of your recent notice; ◦ Mon-Fri, 6am-12:30am, ET ◦ Sat, 6am-10pm, ET ◦ Sun, unavailable • PIN, if you have one. If not, you need your AGI; • Bank address; • Employer address; • Highest amount you can pay, and when you can pay it; and 169 • Have your tax return handy to verify information. Page Last Reviewed or Updated: May 08, 2012 http://www.irs.gov/individuals/article/0,,id=149373,00.html
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The Zicklin Tax Seminar Series Tax
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E. MARTIN DAVIDOFF & ASSOCIATES CER
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• Payments of more than 24 months
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Reduced Offers Examples: One of the
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2 If you have any questions, please
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FACTS OFFER IN COMPROMISE CASE STUD
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Form 433-A (OIC) (Rev. May 2012) Us
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Section 3 (Continued) Cash value of
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Section 5 Business Income and Expen
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Section 8 Other Information Page 7
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L:\EMD\433Case11:B Personal Liabili
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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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New Jersey - Local Standards: Housi
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One Car Two Cars Houston $312 $624
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Print Email Reports Export Reports
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Internal Revenue Manual - 5.8.5 Fin
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Internal Revenue Manual - 5.8.5 Fin
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E. Martin Davidoff - Offer in Compr
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Form 656 Booklet Offer in Compromis
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an offer unless the trust fund port
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Step 2 - Fill out the Form 433-A (O
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Section 2 Business Asset Informatio
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Section 7 Signatures Page 6 of 6 Un
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Rules of Engagement in Dealing With
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Rules of Engagement: Dealing With I
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IRS Rules of Engagement: Under Prom
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Dealing with the IRS Regarding Coll
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I R S R E P R E S E N T A T I o N A
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R.C.P. OLD NEW Monthly Excess $361
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R.C.P. - Example #1 OLD NEW Monthly
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May 21, 2012 OIC Rules • There wi
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May 21, 2012 OIC Rules • State an
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May 21, 2012 OIC Rules Substantial
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Steps in a Controversy 1. Initial c
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Alternatives in a Collection Matter
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E. MARTIN DAVIDOFF ATTORNEY AT LAW
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Mr. & Mrs. Mickey Mantle January 5,
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Form 2848 (Rev. 3-2012) Page 2 6 Re
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Excerpts from the Internal Revenue
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Sample Status Sheet GOALS of Johnny
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6. Request for a Collection Due Pro
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Information You Need To Know When R
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Collection Appeal Request 1. Taxpay
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John J. and Jane Doe Form 9423 Coll
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experience is that we secure better
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Department of the Treasury - Intern
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IRS Tax Collections: Liens and Levi
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Treasury Department Circular No. 23
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Table of Contents Paragraph 1. . .
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Paragraph 1. The authority citation
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of section 404(a) (2)), 404 (relati
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(1) The former employee applies for
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This notification must include the
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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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otherwise prescribed in forms, inst
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Subpart B — Duties and Restrictio
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a rule with respect to that particu
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in writing by each affected client,
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(ii) Advise a client to take a posi
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(5) Marketed opinion — (i) Writte
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under paragraph (e) of this section
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their practice with the firm, that
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paragraph (a) of this section. (ii)
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§ 10.53 Receipt of information con
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as determined under section 6212 of
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and law in support. (2) Summary adj
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specifically provided for in this s
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§ 10.73 Evidence. § 10.74 Transcr
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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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