Q. When is it time to terminate an IRS audit?
A. When it is clear that the IRS auditor has taken a fixed position against you.
Within 250 miles from Los Angeles, California, are over a million millionaires, living as far away as Las Vegas. Many of them are feeling the chill now, as the IRS takes aim at them to offset revenue losses.
Navigating the IRS Maze
They will learn how to navigate from audit to Appeals to Tax Court, and other IRS venues.
At the Appeals level, the Appeals Officer again hears the report of the auditor and then hears the taxpayer's side. However, the Appeals Officer is allowed to make a deal. The independence of the Appeals branch of the IRS from the audit branch is vigorously maintained.
Greater Flexibility in Appeals
The IRS Appeals process is important because its function is to keep income tax disputes from going on to Tax Court. So its officers are empowered to negotiate tax obligations with taxpayers who have been audited and do not agree with the decision.
"If large amounts are at stake, you really ought to talk to Givner & Kaye."
Renowned Los Angeles Tax Appeals Lawyers
If they think you have a strong case, Appeals Officers may make you an 80 percent offer. If your case seems weak, they may offer 20 percent off — or nothing. They seldom fail to make some kind of offer. It is even in their power to concede your case entirely.
"A dramatic, phenomenal result"
"The wife died in May, and the husband died the following January. They had appointed me as the trustee due to concerns about disputes between their children. The IRS estate tax attorney asserted a total tax, interest and penalty of $4,000,000. When I told that to the son and daughter they demanded that I take the offer. Happily, Bruce told me that it was premature and to wait. One and a half years later, as the case was being ready for trial in Tax Court, the IRS settled with us for $800,000. It was a dramatic, phenomenal result." R.T., CPA
Whether your problem is with income tax or estate and gift taxes, call or e-mail the California IRS tax appeal lawyers at the Law Offices of Givner & Kaye. Let us put an end to your major tax problems.