After SUCCESSFUL Collections or Audits – What Next?

Table of Contents

  1. The end of the audit
  2. Closing letters – how to read them, and ensuring you get
    them, and the importance of ensuring you get them
  3. Adjustment of tax attributes
  4. Amending prior IRS and State returns affected by the
    settlement
  5. Preparing current year returns based on audit results
  6. Getting liens release
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  • List of Resources available for After SUCCESSFUL Collections or Audits – What Next?

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After SUCCESSFUL Collections or Audits – What Next? – Resources

IRS Examination Correspondence
http://www.irs.gov/irm/part4/irm_04-004-007.html

Special 5-year NOL Carryback for 2008
http://www.irs.gov/newsroom/article/0,,id=205329,00.html

The Worker, Homeownership, and Business Assistance Act of 2009 (WHBAA) expanded the carryback for 2008 and 2009.
http://www.irs.gov/newsroom/article/0,,id=215657,00.html

IRS Publication 536 – Net Operating Losses
http://www.irs.gov/publications/p536

Internal Revenue Manual – Closing Letters

http://www.irs.gov/irm/part4/irm_04-075-015.html

Need help  – Consult  Tom Buck, CPA and Sonya Wilt, EA
http://www.buckcpataxsolutions.com/

Download the Lecture PDF to your desktop
Right click and save link as…

Circular 230 Consideration - Powerpoint Course

Links to www.irs.gov PDFs

Form 1040 X – Amended Returns 
http://www.irs.gov/pub/irs-pdf/f1040x.pdf

Form 1045 – Application for Tentative Refund
http://www.irs.gov/pub/irs-pdf/f1045.pdf

Form 982 – Reduction of Attributes Due to Discharge of Indebtedness
http://www.irs.gov/pub/irs-pdf/f982.pdf

Lien Discharge Form

http://www.irs.gov/pub/irs-pdf/f14135.pdf

Lien Subordination Form
http://www.irs.gov/pub/irs-pdf/f14134.pdf

Lien Withdrawal Form
http://www.irs.gov/pub/irs-pdf/f12277.pdf

NFTL Guidelines
http://www.irs.gov/pub/irs-pdf/p1468.pdf

Taxpayers Advocate’s annual report to Congress
http://www.irs.gov/pub/irs-utl/2006_arc_vol_1_cover__section_1.pdf

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