Tax Seminar #3 – December 3 2012

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Jim and Kelly Smith SS#: 123-45-6789 (Jim) SS#: 987-65-4321 (Kelly) Form 433-A (OIC) Table of Contents (Continued) 8 Health Insurance Summary of Payments for Household Members - Invoice Dated 07/17/2012 (Sandy-daughter) - Copies of payments (Kelly): o 06/01/2012, 07/02/2012, 08/01/2012 - Invoice Dated 07/02/2012 (Jim) - Copies of payments (Jim): o 06/15/2012, 07/16/2012, 08/15/2012 - Horizon Quote for Kelly based on age and preexisting condition 9 Out of Pocket Medical Expenses (Other than Speech Therapy) - Summary of Six Months of Medical Expenses (February – July) - Support for Medical Expenses 10 Speech Therapy for Dependent Daughter (Sandy) - Calculation of Monthly Cost for Speech Therapy - Invoice Dated 07/31/2012 - Copy of payment dated 08/10/2012 11 Child Care - End of Year Statement (08/25/2011 – 09/24/2012) - Invoice for August 2012 - Copies of payments: o 06/24/2012, 07/27/2012, 08/24/2012 12 Accident Insurance: Combined Insurance Company of America - Anniversary Statement Dated 11/12/2011 - Copies of payments: o 06/01/2012, 07/03/2012, 08/01/2012 13 Bank Statements - TD Bank, Checking Account# XXX-9999, for the periods: o 05/18/2012 through 06/17/2012 o 06/18/2012 through 07/17/2012 o 07/18/2012 through 08/17/2012 - TD Bank, Checking Account# XXX-8888, for the periods: o 05/18/2012 through 06/17/2012 o 06/18/2012 through 07/17/2012 o 07/18/2012 through 08/17/2012 14 Copy of Tax Returns - 2011 Form 1040 - 2010 Form 1040 - 2009 Form 1040 34
Offer In Compromise Package Logistics Checklist 1. Will there be more than one OIC submitted (i.e. Joint vs. Single)? For a married couple, there could be as many of 3 for them personally, plus corporate ones. 2. Send out blank signature pages to the client early. Have your client sign at least 3 for each OIC to be submitted. This allows for errors or amendments in typing on the last page and saves time trying to have the client come into the office for signatures or sending overnight packages. 3. Similarly for 433-A (OIC) pages ; get multiple blank signature pages to the client to sign early. 4. Get checks for payment early. Make sure you create flexibility by either obtaining several blank checks or funds put into your client trust fund account EARLY. At least one check for the $150 filing fee and another for the 20% deposit is needed for EACH OIC. 5. Talk with your client regarding extenuating circumstances which can be used to fill in Section 3 of Form 656 and have them write a description of issues or gather medical testaments from their doctor. 6. Client Authorization: At a minimum, an email is needed from the client confirming that they have reviewed the package, that it is accurate, and authorizing you to submit it to the IRS. Although the form no longer requires it, you may consider having your clients initial each page. 7. Is the client current with estimated taxes? NOTE: Check This List at the BEGINNING of the Process!!!! 35
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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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E. MARTIN DAVIDOFF & ASSOCIATES CER
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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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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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Mr. William Skowron December 12, 20
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Form 9465-FS (12-2011) Page 2 Part
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INSTRUCTIONS TO TAXPAYER If not alr
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Mr. Yogi Berry September 19, 2011 P
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Mr. Jeffrey Austin January 5, 2011
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Texas Iowa, Kansas, Louisiana, Miss
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4. Filing of Tax Court Petition In
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Yogi Berra Estimated 2011 - 2012 Ca
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BY HAND IN OUR OFFICE Mr. and Mrs.
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Representing Clients Before the IRS
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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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IRS Announces New Effort to Help St
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Under New Rules, the IRS Will Now R
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Adjustments to IRS Lien Policies 15
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DIRECT DEBIT INSTALLMENT AGREEMENT
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617-316-2608 617-316-2606
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Online Payment Agreement Applicatio
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October 2011 Your Access to Free Cr
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FTC Facts For Consumers 3 access it
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FTC Facts For Consumers 5 or an unp
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Identity Theft 1. Example scenarios
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The Zicklin Tax Seminar Series IRS
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Notice and Demand of Tax Due • Th
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Unfiled Lien v. Filed Lien A filed
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Collection Appeal Rights Process
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IRS Appeals Can Also Help After the
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To Stop an IRS Levy • Resolve the
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How to File a CDP Request • Compl
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I. How Does A Tax Debt Arise? AGOST
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d G. 3 Notice - “Immediate Action
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payments. The only other asset is t
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(2) The Trust fund portion of the t
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Department of the Treasury - Intern
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Instructions for completing Form 91
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Collection Appeal Request (Instruct
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Request for a Collection Due Proces
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Information You Need To Know When R
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The Zicklin Tax Seminar Series IRS
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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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