Strategies for Compromising Tax Debts  

Oleh:

McLaughlin, Kevan P.

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Journal of Accountancy vol. 211 no. 6 (Jun. 2011), page 50-54.
Topik: Financial Planning; Taxpayers; CPAs; Income Taxes; Tax Assessments

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.30 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

Representing financially distressed individuals is becoming increasingly common with the economic difficulties many individuals and businesses have experienced in recent years. While tax practitioners know that a taxpayer can make an offer in compromise, some of the options available in making an offer are not well-known. This article addresses three techniques and strategies that may be useful for CPAs representing clients who owe a federal tax liability they are unable to pay in full: exploring alternative reasons for making an offer in compromise, considering a collateral agreement with the IRS, and making sure the taxpayer has addressed any issues arising from having transferred assets for less than full value on nonpriority items or debts (dissipated assets). Perhaps the most flexible alternative reason for an offer in compromise is to promote effective tax administration, or ETA. A practitioner should consider when the asset was dissipated in relation to the assessed tax liability at issue.

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