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IRS Collection Division Representation

IRS Collection Division Representation. All audio is streamed through your computer speakers. There will be several attendance verification questions during the LIVE webinar that must be answered via the online quiz at the conclusion to qualify for CPE.

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IRS Collection Division Representation

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  1. IRS Collection Division Representation • All audio is streamed through your computer speakers. • There will be several attendance verification questions during the LIVE webinar that must be answered via the online quiz at the conclusion to qualify for CPE. • For the archived/recorded version of this webinar, there are also 3 review questions per hour and the link to the attendance verification quiz is a final exam on the topics covered during the presentation. • Please note: You will not hear any sound until the webinar begins.

  2. IRS COLLECTION Robert E. McKenzie Arnstein & Lehr LLP Chicago 312.876.6927

  3. Learning Objectives • Determine the IRS notice procedure for delinquent taxes • Identify the taxpayers rights to appeal collection due process notices from the IRS • Determine the criteria for a streamlined installment agreement • Identify the process for negotiating an installment agreement for larger tax liabilities

  4. MCKENZIE’S PRIME DIRECTIVE • GET THE FEE FIRST!!

  5. Collection

  6. IRS Notice Procedure • First notice CP-14 • CP-501 • CP-503 • CP-504 • First 4 notice spaced 5 weeks apart • Letter 1058, CP-90

  7. IRC § 6330 COLLECTION DUE PROCESS • Letter 1058/ CP-90 • Timely appeal in 30 days • Form 12153 • Set forth all defenses to levy • Offer in compromise • Amount of the liability • Spousal defenses • Currently not collectible • Penalties • Request for installment agreement

  8. Extensions of Time to Pay • Up to 120 days • Form 433‑D is not to be used.  • The IRS will not file a lien. • No Notices of Intent to Levy, Notice of Hearing (LT 11 or Letter 1058DO) or levies during granted extension periods, unless collection is in jeopardy or at risk.

  9. IRS Revised Rules for Streamlined Installment Agreements • Announced 1-2012 • Revised procedures now allow taxpayers • Up to 72 months to pay their tax obligations. • Increases the maximum amount subject to streamlined agreements from $25,000 to $50,000. • New Form 9465

  10. OPA • Online Payment Agreement • https://sa2.www4.irs.gov/irfof/lang/en/eiapoalogin.jsp

  11. Review Questions for Self Study CPE: Now’s the time to answer the review questions 1-3. Click here: http://www.proprofs.com/quiz-school/story.php?title=ODEyMTY2K6R4*Once all questions are complete please submit and close quiz window.

  12. New Collection Procedures • Announced on 2-24-11 • Increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens. • Easier for taxpayers to obtain lien withdrawals after paying a tax bill. • Withdrawing liens in most cases where a taxpayer enters into a Direct Debit Installment Agreement $25K or less. • Creating easier access to IAs for more struggling small businesses now can do streamlined up to $25 K for 24 months • Expanding a streamlined Offer in Compromise program to cover more taxpayers less than $25K and less than $100K income

  13. Installment Agreements • Greater than $50,000 • Must submit form 433A for individuals • Must also submit form 433B for self employed • Subject to allowable expense standards • Must stay current

  14. Allowable Expenses • Allowable Expenses • National Standards • Medical expenses • Regional Standards • Local Standards • Necessary for production of income or health & welfare of the family

  15. Food Clothing & Misc.

  16. Out-of-Pocket Medical

  17. Transportation

  18. Conditional Expenses • Less than 5 year plans: Allowed during payment plan. • Greater than 5 year plans: Allowed for up to 12 months of the payment plan.

  19. Preparing Form 433A • PGs. 35-40 • Assets • Budget

  20. Negotiation • What is necessary for health & welfare of the taxpayer • IRS employees may vary from tables • Make sure you review every angle

  21. With Whom Do You Negotiate? • Practitioner Priority Service 1-866-860-4259 • ACS • (CSR's): at a Field Assistance Office • Revenue officers

  22. Review Questions for Self Study CPE: Now’s the time to answer the review questions 4-6. Click here: http://www.proprofs.com/quiz-school/story.php?title=ODEyMTY2K6R4*Once all questions are complete please submit and close quiz window.

  23. HAVE A LESS TAXING YEAR!!!!!Thank You!!

  24. Thank you for participating in this webinar.Below is the link to the online survey and CPE quiz: http://webinars.nsacct.org/postevent.php?id=13530Use your password for this webinar that is in your email confirmation. You must complete this survey and the quiz or final exam (for the recorded version) to qualify to receive CPE credit. National Society of Accountants 1010 North Fairfax Street Alexandria, VA 22314-1574 Phone:  (800) 966-6679 members@nsacct.org

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