Howard Levy is a Cincinnati tax attorney with the experience to find solutions to your IRS problems.

howard-levy

Tax Court – providing a level playing field in audits.

By , IRS Audits, Tax Court

I just settled an audit on behalf of a client that had to make its way to Tax Court to be resolved.  The audit was caused by significant losses my client claimed on rental real estate.  But it but morphed into an IRS investigation of her banking statements and deposits. Taking a case to Tax Court to resolve IRS audits is not appropriate in every case, but is very helpful when an impartial, outside Federal judge seems to be necessary.   In the audit, the IRS was focused on making changes to the return.  Once in Tax Court, the playing field leveled out, and the IRS became a little more ... Read More

IRS Financial Statements Revised – Traps Included!

By , Form 433A, Form 433B, IRS Financial Statements

For the first time in 4 years, the IRS revised the financial statements that are required to be used in collection cases.   There are several changes that are noteworthy, and to be careful with when answering.  On Form 433B, used to investigate businesses with IRS problems, the IRS asks who is responsible for depositing payroll taxes. The term "responsibility," as it relates making payroll deposits, is a legal term, and answering yes can have the unintended effect of causing someone to have personal financial responsibility for payroll deposits that are not made.   Be careful with this:  ... Read More

MENU