The IRS Audit Blog

Archive for October, 2009

Question: I have a question about back taxes.?

My mother owes about 40,000 in backtaxes from 1998 to 1999. She joint filed her taxes with my father and he failed to pay them. He is now completely disabled and in institutionalized care. My mother does not have the financial means necessary to pay them off. This amount reflects penealties and interest accumulated in 10 years.

Is the statute of limitations up for my mother? Can the IRS bother her anymore or garnish wages, take property? If not how can I help her since there is no way for her to pay back these taxes?

Answer: This is one of the few situations where an “offer in compromise” is likely to be accepted. She should offer an amount that she can pay, but more than the amount that the IRS believes that it would be able to obtain from her through garnishments, property seizures, etc.

What to keep for taxes

The start of the new year is an excuse for many to get organized.

Statute of Limitations

Question: What is the maximum amount the IRS will direct deposit for a tax refund ?

Is there a maximum amount the IRS will direct deposit for a tax refund before they just send out a check instead?

Answer: There’s no limit. Whatever you are entitled to can be direct deposited, even if it runs to 6 figures or more.

Top 10 tax time tips

While April 15 is more than three months away, here are the Internal Revenue Service’s top 10 tips that will help your filing process run smoother than ever this year.

Tips from the IRS – Direct Deposit

Dennis Nazelli, President of Grow Small Business was asked recently how his company can provide all of the above-named services for such an affordable price.  “I can understand the initial skepticism of most of my clients,” admitted Nazelli.  “To have legal representation alone would cost thousands of dollars per year for our provider law firm here in Troy, Michigan: Powers, Chapman, DeAgostino, Meyers and Milia.”

Since 2005, Nazelli has been affiliated with three, 35-year old, top international risk management enterprises.  They are traded on the New York Stock Exchange and NASDAQ.  And, their track records for doing what they say they can do are unsurpassed.  “I’ve done my homework.  These companies are the best at providing legal representation, complete identity theft protection and restoration, and professional business consultation.”

Legal Protection for you, your family, your business

The three companies that Nazelli just described are Pre-Paid Legal Services, Kroll Background and GoSmallBiz.com.  As a certified, independent representative, Dennis administers his clients’ membership applications for the services.  But, he does a lot more after the paper work is turned in.

Identity Theft Protection for you, your spouse, your business

The legal work is done by the attorney law firm in each state through their Pre-Paid Legal provider law firm network.  His client’s identity monitoring and theft restoration is done by the world’s foremost risk-management company, Kroll.  But the third service provided by Grow Small Business is announced in his company’s name.  Nazelli completes the promise to help small businesses grow with his ability to put their enterprises at the top of the internet search engines.

Business Consultation for you and your business

“The first item of business for my clients is to create a website.  It’s part of the membership package.”  Then, together with the client/business owner, Nazelli begins to form a strategy to “brand” the products or services by writing press releases, articles and classifieds for the dozens of search engine websites on the internet.  There’s more.  For the unlimited business consultations, the services of GoSmallBiz.com, founded by Fran Tarkenton, are provided by a team of top business leaders.

Grow Your Business with the Internet

To sustain any kind of success in today’s market economic, a company must have an internet presence.  Grow Small Business has many clients who give testimonies about its service record.  “I can get anyone to say anything good about me and my services,” confessed Nazelli.  “So, may I suggest you “google” a few examples of my promises to take clients’ businesses to the top of the search engines.”  Google the following:

How Much Does It Cost?

Here would be a good time to give the cost figures.  The levels of cost for Grow Small Business’ services depend on the size of the company and the number of employees.

The Small Business Legal Plan for companies with 50 or less employees is $75.00 per month; and, the Small Business Legal Plan for companies with 51 to 99 employees is $125.00 per month.  The requirements for the SBLPs are:

For the Home-Based Business Rider the monthly fee is $50.45.  The HBBR requirements for this service are:

The Legal Plan for Self-Employed monthly fee is $49.00.  The LPSE requirements for this service are:

There are two noteworthy items of importance that must be conveyed about the fees every client will be happy to hear:  A) The fee in every phase of service is Rate Stable; and, B) There is No Time Contract. 

Time to Take Action

To set up an appointment contact me by telephone at 248/766-4970 or by email at growsmallbusiness@gmail.com

Please visit the Grow Small Business website at http://www.growsmallbiz.biz

Many IRS callers can’t reach human being

Need help with your taxes? Good luck reaching the IRS. Three out of 10 people who call the toll-free help line this tax season won’t get through to a human being — and that’s if the agency meets …

IRS Resources for Small Business Owners

Question: Layer is stealing all of my father’s estate money.?

My father passed on in May of 2005 with an estate over 2 million. At the time of his death, he wa involved in a lawsuit from my brother-in-law over a house that my mother left him in the will. My mother died in sep of 2003. She left the house to my sister and brother -in-law, but my father had a “life estate” to stay there. In other words, when he died the house would go to them. Well, they sued my father to pay the taxes on the home, and his attorney took over 300k from my dad, and still the case goes on, even thouhg my father is deceased. My father’s money is being sucked away y bogus attorney fees. How can i get it investigated and have them disbarred? The attorney is in California and i live in maryland, so its not like i can walk in his office.

Answer: You need an attorney that specializes in Wills, Trusts and Estates.

Supervisors Eye Tax Hikes On Aircraft, Hybrids; State Cuts Could Hit Deputies, Courts Quickly

While continuing to assess the scale of service and personnel cuts that could be required as part of the FY11 budget deliberations, many supervisors are focusing on revenue-whether to increase some of the local taxes to offset real property tax declines and what impact the state’s budget troubles will have on relied-upon money for localities.

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Question: irs audit before i can amend my return?

I made number errors that will trigger red flags in my schedule c returns but it was too late to amend. the irs has already ask me the come in for an audit.

Answer: Carefully and clearly document your income and expenses. Have all your bank statements and receipts for expenses together. The audit should focus on a limited number of items. You should document each number and if you can’t backup the number you put on your return be prepared to explain why. If you are honest and upfront with the auditor they may decide not to expand the audit into other areas/years. If the errors are large (15% of income or more) then you may wish to spring for the EA or CPA to represent you.

IRS tightens rules on prep

New regulations for paid preparers.

Ashram Mugen Videos : The IRS Audits MC2 Inc. (Part 4)