Recalculating Penalties and Interest

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
Family members get the following below the fold:
  • Download of Lecture Powerpoint PDF
  • List of Resources available for Recalculating Penalties and Interest

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Recalculating Penalties and Interest – Resources

IRS Examination Correspondence

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

IRS procedure for Trust Fund Penalty Cases
http://www.irs.gov/irm/part8/irm_08-025-002.html

IRS Penalty Handbook
http://www.irs.gov/irm/part20/irm_20-001-001r.html

IRS Penalty Relief
http://www.irs.gov/irm/part20/irm_20-001-005.html#d0e969

IRS Interest Suspension and Abatement
http://www.irs.gov/irm/part20/irm_20-002-007r.html

Penalty Reason code chart

http://www.irs.gov/irm/part20/irm_20-001-001r-cont01.html#d0e3959

Penalty Transaction code Chart
http://www.irs.gov/irm/part20/irm_20-001-001r-cont01.html#d0e4432

Fast-Track Mediation
http://www.irs.gov/individuals/article/0,,id=96779,00.html

IRS Appeals
http://www.irs.gov/individuals/article/0,,id=98180,00.html

Taxpayer Advocate Service
http://www.irs.gov/advocate/

Tax Court Petition
http://www.ustaxcourt.gov/

US Court System
http://www.uscourts.gov/Home.aspx

Understanding the US Court System

TimeValue Software  – Get 20% to over 50% discount – tell them TaxMama sent you
www.TimeValue.com

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

2011 IRS Processing Codes and Information –
http://www.irs.gov/pub/irs-utl/document6209_redacted.pdf

Form 843 Claim for Refund and Request for Abatement
http://www.irs.gov/pub/irs-pdf/f843.pdf

Revenue Procedure 99-10
http://www.unclefed.com/Tax-Bulls/1999/rp99-10.pdf

IRS Publication 3605 – Fast Track Mediation (FTM)
http://www.irs.gov/pub/irs-pdf/p3605.pdf

IRS Form 14017 – Request for FTM
http://www.irs.gov/pub/irs-pdf/f14017.pdf

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