tax amensty
Solei b
where can I find info. on tax amensty?
Edward Zollars
sol...@aol.com (Solei b) wrote:
> where can I find info. on tax amensty?
Such amnesty would be jurisdiction specific, so you'd
need to look at the specific entity involved. They also
tend to be run only for short periods of time and
primarily involve waiving penalties (but not tax). I'd
note that the U.S. *federal* government has no such
amnesty.
The other thing to consider is that the federal
government and many states have something called an
"offer in compromise" program that can be used to reduce
the amount owed if there is no way you could pay the
entire balance.
Also, since you gave no details, I would warn you that
you might also be facing potential criminal tax evasion
charges if a large number of years or a large amount of
tax is involved. If you think there's any possibilities
there, I would suggest first consulting a tax attorney
with a background in this area.
The one thing you do *NOT* want to do is start asking
questions of the taxing agency, then decide you don't
want to go forward (because the amounts are so large)
and try to start ignoring them. Also, in any event it's
usually safer to let a professional experienced in this
area handle things for you *AND* to follow their
instructions.
As I noted above, I'd first run the facts by an attorney
to make sure there's not a high likelihood of criminal
issues (the attorney has privilege, so the taxing agency
can't force him to divulge what you tell him--but they
could do that for EA's or CPA's). If it appears you
need privilege protection, the attorney likely will
engage an EA or CPA to assist him/her (if I am working
for the attorney the privilege will cover my work for
the attorney). If the call is made that you likely
don't need that protection, the attorney will likely
have you engage said EA or CPA.
---
Ed Zollars, CPA Phoenix, AZ
ezo...@primenet.com
http://www.getnet.com/~hmtzcpas
TexTax2
sol...@aol.com (Solei b) writes:
> where can I find info. on tax amensty?
There is no such thing. Perhaps you are thinking about
an Offer in Compromise OIC, wherein the IRS may accept
less than you owe if they are convinced that they will
not be able to collect the whole amount. You need to
check with a local tax pro.
Hank S
John Gill
Solei b wrote:
> where can I find info. on tax amensty?
We have two sites "kinda" devoted to this topic.
One is educational, and one is more commercial:
http://ourworld.compuserve.com/homepages/john_cpa
http://users.visi.net/~gillco/tax_collection
--
- John J. Gill
GILL & COMPANY, CPAs
---------------------------------------------
- TAX SOLUTIONS: IRS problems, international
tax issues, general tax practice.
- TECHNOLOGY SOLUTIONS: remote access netwk'g
---------------------------------------------
http://www.taxlaws.com jg...@taxlaws.com
IRSProb
> where can I find info. on tax amensty?
Check with the taxing authority in whatever country or
state that you are wanting it from. The IRS does not
offer tax amnesty and although I am sure some states
do or have done it, I do not know of any off hand.
Mike Wellman, CPA
For information to help with liens, levies, seizures, audits,
appeals, delinquent returns, installment agreements, offers
in compromise or payroll tax problems, see my Website
at http://irsos.com
Barney Byrd
Solei b wrote:
> where can I find info. on tax amensty?
Certain states have tried tax amnesties- California
and Vermont for example. However, there is no federal
tax amnesty. Congress' Joint Committee on Taxation,
headed by Kenneth Kies (I'm curious how his last name
is pronounced), is expected to release an analysis and
some options for a possible federal tax amnesty in the
very future. No amnesty could be implemented without
legislation enacted by congress and the president.
The current tax code does contain a provision to have
your taxes compromised. The procedure is referred to
as an offer in compromise. The offer must be prepared
and submitted on Form 656. I don't recommend that an
inexperienced lay person try to go this process alone.
If you think you may want to pursue this, discuss it
with a tax professional who is experienced with
preparing and negotiating offers in compromise.
Barney Byrd
B_B...@prodigy.net
Alan G. Kalman
I can't tell what aspect of tax amnesty you are
interested in. However, if you want info off of
the internet, just use any decent search engine
and search on the phrase "tax amnesty programs".
Try Hotbot at http://www.hotbot.com
--
Alan
My home page provides a variety of help and
information on tax related subjects.
http://pages.prodigy.net/agkalman/
Phil Marti
sol...@aol.com (Solei b) writes:
> where can I find info. on tax amensty?
There has been no Federal amnesty, and none is in the
works. Several states have had amnesties in recent
years. Massachusetts and Connecticut have both had them
in the 90's, I think. (Middle age being what it is, I
wouldn't swear to it.) You might try their websites as
a starting point. You could also check with the
Federation of Tax Administrators. You can get to FTA
and the states from the IRS website.
If you were asking not about a true amnesty, but rather
something along the lines of penalty forgiveness in
specific cases, please give more specifics about what
you're looking for.
Phil Marti
TaxService
sol...@aol.com (Solei b) writes:
> where can I find info. on tax amensty?
I don't know about amensty!-:) Amnesty is addressed at
the various state URL's. You may want to look at Barry
Rubin's homepage for links to the states:
"Jack" - John H. Fisher - TaxSe...@aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Website: http://members.aol.com/TaxService/index.html
Where ignorance is bliss, 'tis folly to be wise!!!
HELJAN gal
sol...@aol.com (Solei b) writes:
> where can I find info. on tax amensty
There is no such thing.
Helen, EA in PA
Member of NAEA, NATP and the Tax Gang
IRSProb
> There is no such thing.
There is no such thing as U.S. Federal tax amnesty
but there may be - and based on some other responses
- there are/or have been state amnesty programs.
Lechugon
There is no tax amnesty. You are referring to an offer
in compromise. Go to an IRS office and get Form 656
which is the form and instruction booklet. You will also
need a form 433A, which is a finacial statement form. If
you are self employed, you will also need Form 433B, a
business financial statement.
Ed
Just an aside. I thought that EAs and CPAs were granted
privilege in the most recent "go-round".
Ed S.
C. Eugene Prescott
Not yet, still being debated. The concept being
considered is not equivalent to that accorded
attorneys.
C. Eugene Prescott, CPA
Tax and Technology
PO Box 20037
Greenville, NC 27858
919-756-4463
919-756-0168 (Fax)
Edward Zollars
Ed <ed...@concREMOVEentric.net> wrote:
> Just an aside. I thought that EAs and CPAs were granted
> privilege in the most recent "go-round".
That is only a proposal and it's a *VERY* limited
privilege. It would only apply to civil proceedings
*outside* the courts--so once a client filed a petition
in tax court, the protection would be gone. Similarly,
if criminal prosecution took place there wouldn't be a
privilege.
Since, in this case, the main concern is a criminal
issue (this isn't tax planning here <grin>) the changes
would not affect the advice.
Even on tax planning it isn't real useful. Let's assume
the IRS challenges a position and tells the client they
are going to reverse it *AND* charge a negligence
penalty. The client's defense against the penalty would
be to say they relied on the tax professional (be that
the attorney, CPA or EA) and would essentially have to
waive the privilege in order to document that they had
sought such advice.
IRSProb
> Just an aside. I thought that EAs and CPAs were granted
> privilege in the most recent "go-round".
That is just a proposal as part of the restructuring
legislation at this point. I expect the ABA to fight
it hard.
TexTekHank
Ed <ed...@concREMOVEentric.net> writes:
> Just an aside. I thought that EAs and CPAs were
> granted privilege in the most recent "go-round".
Is this true?
Hank S
Ed
recollection of the following:
EA-Mail - 10/27/97 - from National Association of
Enrolled Agents
ATTORNEY-CLIENT PRIVILEGE EXTENDED TO
ENROLLED AGENTS IN HOUSE IRS BILL
NAEA is pleased to advise that, in a major step for
Enrolled Agents, the House Ways & Means Committee has
approved a comprehensive IRS reform bill and extended
to Enrolled Agents and Certified Public Accountants
the attorney-client privilege in noncriminal tax
cases. NAEA worked for many years to obtain this
change and most recently endorsed the Taxpayer
Confidentiality Act, sponsored by Representatives
Jennifer Dunn (R-WA) and John Tanner (D-TN). That
bill would have placed the privilege with the
taxpayer, rather than the practitioner.
The IRS reform bill is expected to be voted on by the
House of Representatives in the next couple of weeks,
prior to adjournment. It will then be sent to the
Senate where consideration is not expected until early
next year.
Should have read it more closely. Wishful thinking I
guess.
Ed