Atlanta CPA Advises Atlanta Taxpayers While Evaluating Whether or Not to Submit and Offer in Compromise

Atlanta CPA Advises Atlanta Taxpayers While Evaluating Whether or Not to Submit and Offer in Compromise

Staying on your "P's & Q's" with your taxes is essential but it is even more important when processing an Offer in Compromise to Address Back Taxes, IRS Representation & Submitting an Offer in Compromise. Below is a sample letter that I might sent a client to address such time sensitive tax planning issues:

I wanted to be sure you are aware of the issues at hand and correspondence to date:

- I originally forwarded to you the general rules of processing an Offer in Compromise detailing the urgency and details of submitting same.
-Then I filed my Power of Attorney asking for sixty days to file all of your returns and to file an Offer. If we are to meet this deadline I need your corporate and personal income tax data by this week. Then by the end of next week I will need a new Form 433A, Form 433B and Form 656, for you to give me an estimate of what your 2010 profits will be from each business so that we can tax plan for accordingly.
-Just this past week I sent you a e-mail detailing your commitment to file the 2009 corporate and personal income tax returns within ten days.
- I recently forwarded more correspondence to the IRS office asking that there be no collection efforts.
-Just yesterday I sent you data needed to properly prepare your returns.
-This will confirm our discussions that you are aware of the need to pay your taxes as you go or the IRS will not even consider an Offer in Compromise.
-This will confirm our conversations that I suggest that ASAP after we complete the 2010 tax planning above that you retain a payroll service to pay/keep your taxes current.

I will send you under separate cover information about keeping your filings and tax payments current.

If you fail to meet the deadlines above I believe the IRS ASAP will soon
-File Liens
-File Levies
-Seize Accounts/Assets
-Garnishment Income/W-2 wages

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And this is only some of the information available on our web site. You also have at our blog a host of other varied and timely tax and business management issues you can use.

John Dillard, CPA of His CPA, PC (An Atlanta Christian CPA firm) 1940 Woods River Lane, Duluth, GA 30097 Phone 770-814-9304 http://www.hiscpa.com/  http://www.john-dillard.com/  To retain John Dillard CPA (An Atlanta Christian Speaker/Author) for your business group or church congregation, you can contact him today at 770.814.9304

His CPA PC...A Christian Atlanta CPA Firm: Never Underestimate the Long-Term Benefits

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