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Representing the Taxpayer Who Has No Records (MLC875A)
The Ins and Outs of Handling a Taxpayer With No Records.
The electronic world has gotten smaller, and it is now much difficult for non-filers to hide from the Internal Revenue Service (IRS). Often the non-filers show up in the practitioner’s office and need to file a return (or many returns), but they do not have records to give the practitioner. With the IRS locating non-filers with far greater ease than ever before, the issues of the client with no records is coming up with increasing frequency.
This session by expert speaker Eric L. Green will discuss how practitioners can help clients to reconstruct their records, to handle IRS requests, and to protect themselves from preparer penalties when filing a return where the records are either reconstructed or non-existent. The session will explain to practitioners the potential issues when handling a taxpayer who has a lack of records, both when filing a return or later (when the client is under exam).
Further, the session will discuss the steps to have a client do a voluntary disclosure when there is reason to be concerned about the returns to be filed. In addition, the session will walk practitioners through the ins-and-outs of handling a client with no records, whether its tax return preparation or responding to the IRS notice.
Documentation requirements for a practitioner when filing a return
Steps a practitioner take to assist a client when they do not have records to file a return
Penalty structure for taxpayers and preparers when the taxpayer cannot support the numbers claimed on a return
Ways for a practitioner to minimize their exposure when filing a return with a lack of documentation
How should a practitioner representing a taxpayer before the IRS during an exam handle the documentation issue?
NASBA & IRS Category of Study: Taxes
Who Should Attend
All practitioners who are involved in tax preparation or representation before the IRS.
Eric Green is a partner in Green & Sklarz LLC, a boutique tax firm with offices in Connecticut and New York. The focus of Attorney Eric L. Green's practice is civil and criminal taxpayer representation before the Department of Justice Tax Division, Internal Revenue Service and state Departme...