Accounting News and Notes

Gwinnett CPA Advises Atlanta Taxpayers on Fixing Back Taxes with the IRS While Processing an Offer in Compromise (OIC)

We strive to do business the old fashioned way giving our clients much more than they thought they needed. In our ever changing economic times, it is even more important to stay ahead of the power curve in addressing your business issues, trends, and tax planning. John Dillard, CPA the firm’s founder desired to develop a firm which lived out the “Golden Rule” in serving others and the community. By offering this information gratis, Mr. Dillard’s desire is to heighten the understanding of his fellow business owners and taxpayers and to contribute back to the community in which he lives and works.

Individual or business taxpayers who have run afoul of the IRS and is dealing with seemingly overwhelming tax issues, there are words of wisdom to successfully resolve your tax problems, how to pay your taxes on a timely basis by properly utilizing withholding, estimated payments, and extensions. Though there are many things we can do to help you avoid tax problems and unnecessary penalties, we can also help you discover the general guidelines and rules of how to qualify for and process an Offer in Compromise. This is a process where both the Internal Revenue Service and the State of Georgia will reduce your bill to what you can afford to pay based upon detailed tax regulations, procedures, and careful compliance.

Working closely with you to help resolve tax issues, penalties, back returns, liens, levies and garnishments. Our keep it simple style in dealing with technically difficult and sensitive issues are embodied in our ability to keep you well informed of the progress on your account as it works its way through the tax system. Call us today to be sure that all of your rights are protected and that you pay only your lowest legal possible tax. Below is a sample letter one might use to address an IRS notice received. It is prudent to well communicate with the IRS to ensure that all IRS departments are informed of the progress and status of a pending Offer in Compromise (OIC): 

Internal Revenue Service, Atlanta GA 39901-0030  

Dear Sir/Madam, 

I am following up on your letter enclosed. Please do not pursue any further collection efforts while the taxpayers Offer is being processed as it could both dramatically impair their ability to both fund the offer and to meet normal monthly living expenses. 

Please cease all collection efforts while this Offer is being resubmitted. 

Please accept this Offer in Compromise as submitted. 

Please do not hesitate to contact if you might have any questions.  

I look forward to working with you to satisfy their tax issues and to get the taxpayers back into the tax system as both a compliant and timely tax filer. 

Sincerely, John C. Dillard, CPA, PC, Partner in Charge 

http://www.hiscpa.com/investing-101.html Atlanta CPA Teachings Investing Techniques
http://www.hiscpa.com/retirement-planning.html Gwinnett/Suwanee CPA Helps Business Owners Plan for Retirement
http://www.hiscpa.com/stock-options.html Georgia Stock Options by Roswell CPA
http://www.hiscpa.com/business-valuations.html Valuing Your Georgia Business by Alpharetta CPA
http://www.hiscpa.com/accounting-checklist.html Georgia Business Acquisitions Business Checklist by Grayson CPA
http://www.hiscpa.com/quality.html Helping Hall/Forsyth Business Owners Succeed for 30 Years
http://www.hiscpa.com/parttime-cfo.html Hiring a Part-time/Virtual CFO for Your Atlanta Business
http://www.hiscpa.com/business-ethics.html Sandy Springs CPA Teaches Business Ethics
http://www.hiscpa.com/achieving-excellence.html Atlanta/DeKalb CPA Encourages Business Excellence
http://www.hiscpa.com/intellectual-property.html Duluth/Gwinnett CPA on Protecting Georgia Business Owners Intellectual Property Rights
http://www.hiscpa.com/risk-management.html Gwinnett/Duluth CPA Advises on Risk Management
http://www.hiscpa.com/non-compete.html Understanding Your Georgia Non-Compete Agreement by Tucker CPA
http://www.hiscpa.com/promissory-notes.html Gwinnett CPA Helps Georgia Business Owners with Drafting of Promissory Notes
http://www.hiscpa.com/business-checklist.html Business Checklist for Atlanta Business Owners by Hall/Forsyth CPA
http://www.hiscpa.com/adding-partner.html Expanding Your Georgia Business by Adding a Partner by Atlanta CPA
http://www.hiscpa.com/article4.html Roswell/Sandy Springs CPA Teaches Businesses Techniques for Survival
http://www.hiscpa.com/internal-controls.html Christian Tucker CPA Helps Business Owners Develop Good Internal Control
http://www.hiscpa.com/forensic-accounting.html Your Georgia Business and Forensic Accounting by Atlanta CPA
http://www.hiscpa.com/budgeting.html Georgia CPA Helps Reduce Unnecessary Spending: Budgeting 101 by Roswell CPA
http://www.hiscpa.com/article1.html Atlanta CPA Illustrates Difference Between Planning & Historical Accounting by North Fulton CPA
http://www.hiscpa.com/article3.html Gwinnett/Duluth CPA Teaches Personnel Keys to Managing Business Growth
http://www.hiscpa.com/article6.html Alpharetta/Roswell CPA Teaches the Tax Effects of Entity Choice
http://www.hiscpa.com/marketing-efforts.html Norcross/Sandy Springs CPA on Tracking Marketing Statistics for Your Georgia Business 

A Christian CPA: Never Underestimate the Long Term Benefits

When was the last time you got any good FREE Atlanta Business and Atlanta Tax Management Information you can use 24 Hours a day & 7 Days a week.

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 

Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it! 

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

Serving Atlanta, Duluth, Gwinnett, Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta,  Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock,  Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Decatur. Sandy Springs, Peachtree City, Douglasville, Newnan, Griffin, Woodstock, Carrollton, Forest Park, Canton, College Park, Cartersville, McDonough, Riverdale, Fayetteville, Covington, Stockbridge, Conyers, Clarkston, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Coweta, Dawson, and Douglas.

Norcorss/Roswell/Atlanta CPA Provides Guidance to Atlanta Taxpayers on Addressing Back Taxes/IRS Representation Issues with the IRS

Below is a sample letter one might use when addressing open and unpaid back taxes with the IRS. The goal of both the initial and all verbal and written communication with the IRS is to establish honest and open dialogue and to develop reasonable expectations for the taxpayer. Below is a sample letter that might be used when back tax returns are unpaid and to give the taxpayer time to pull their information together to submit an Offer in Compromise:

Internal Revenue Service, Atlanta, GA 39901 

I am following up on our conversation about the above referenced taxpayers and to confirm that you have placed a sixty collection hold on the account. 

I have went over the rules of an OIC (Offer in Compromise) and they appear to be an ideal candidate. Accordingly please cease all of your collection efforts while I work with the client to file their 2010 Corporate and Personal Income Tax Returns and submit and Offer in Compromise. Taxpayers have committed that they will be getting this information to me ASAP. Accordingly please suspend and cease all collection efforts for sixty days while this information is being pulled together, the corporate and personal income tax returns filed, and the paperwork for a Offer in Compromise submitted. 

Please do not pursue any further collection efforts while the taxpayers’ OIC  is being processed as it could both dramatically impair their ability to both fund the offer and to meet normal monthly living expenses. I look forward to working with you to address their open tax monies ASAP.

Please cease and suspend all collection efforts for sixty days while this Offer is being resubmitted.  

Sincerely, John C. Dillard, CPA, PC Partner in Charge 

Duluth Georgia Christian CPA Offers Listings Tax Advice for Atlanta Small Business 

When was the last time you got any good FREE Business and Tax Management Information you can use 24 Hours a day & 7 Days a week.

http://www.hiscpa.com/investing-101.html Georgia CPA Teachings Investing Techniques
http://www.hiscpa.com/retirement-planning.html Gwinnett CPA Helps Business Owners Plan for Retirement
http://www.hiscpa.com/stock-options.html Your Georgia Stock Options
http://www.hiscpa.com/business-valuations.html Valuing Your Georgia Business
http://www.hiscpa.com/accounting-checklist.html Georgia Business Acquisitions Business Checklist
http://www.hiscpa.com/quality.html Helping Georgia Business Owners Succeed for 30 Years
http://www.hiscpa.com/parttime-cfo.html Hiring a Part-time/Virtual CFO for Your Atlanta Business
http://www.hiscpa.com/business-ethics.html Georgia CPA Teaches Business Ethics
http://www.hiscpa.com/achieving-excellence.html Atlanta CPA Encourages Business Excellence
http://www.hiscpa.com/intellectual-property.html Protecting Georgia Business Owners Intellectual Property Rights
http://www.hiscpa.com/risk-management.html Gwinnett/Duluth CPA Advises on Risk Management
http://www.hiscpa.com/non-compete.html Understanding Your Georgia Non-Compete Agreement
http://www.hiscpa.com/promissory-notes.html Gwinnett CPA Helps Georgia Business Owners with Drafting of Promissory Notes
http://www.hiscpa.com/business-checklist.html Business Checklist for Atlanta Business Owners
http://www.hiscpa.com/adding-partner.html Expanding Your Georgia Business by Adding a Partner
http://www.hiscpa.com/article4.html Georgia CPA Teaches Businesses Techniques for Survival
http://www.hiscpa.com/internal-controls.html Christian CPA Helps Business Owners Develop Good Internal Control
http://www.hiscpa.com/forensic-accounting.html Your Georgia Business and Forensic Accounting
http://www.hiscpa.com/budgeting.html Georgia CPA Helps Reduce Unnecessary Spending: Budgeting 101
http://www.hiscpa.com/article1.html Atlanta CPA Illustrates Difference Between Planning & Historical Accounting
http://www.hiscpa.com/article3.html Gwinnett/Duluth CPA Teaches Personnel Keys to Managing Business Growth
http://www.hiscpa.com/article6.html Alpharetta/Roswell CPA Teaches the Tax Effects of Entity Choice
http://www.hiscpa.com/marketing-efforts.html Norcross/Sandy Springs CPA on Tracking Marketing Statistics for Your Georgia Business 

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/ 

Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it! 

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 

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

Serving Atlanta, Duluth, Gwinnett, Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta,  Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock,  Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Decatur. Sandy Springs, Peachtree City, Douglasville, Newnan, Griffin, Woodstock, Carrollton, Forest Park, Canton, College Park, Cartersville, McDonough, Riverdale, Fayetteville, Covington, Stockbridge, Conyers, Clarkston, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Coweta, Dawson, and Douglas.

Atlanta CPA Provides IRS Audit/Back Taxes Consultations & Advice 

When getting ready for an audit the first best call is to a well experienced CPA to ensure that both your rights but more importantly that you return is correct and prepared to best ensure your lowest legal possible tax. As a Body of Believers, though we are to submit to Authority, we are not required either by tax law or by our faith to pay more than our fair share and therefore just and legally liable tax obligation/bill. 

All correspondence with the IRS should be an ends to an mean and help to encourage the client, the IRS and their agent to close their file as quickly as possible, while ensuring that you pay only your legally liable tax. To that end I have provided the below sample audit letter detailing what we did, the terms and even enclosing the check to pay the taxes and interest in full while asking for penalty abatement. For the easier a CPA can make it on the agent to adequately and efficiently close their file is a win for both the IRS and the client. 

Internal Revenue Service, Atlanta GA

Enclosures: Power of Attorney 

Dear Sir or Madam, 

I am writing you in a good faith attempt to come to terms over the above taxpayers’ present predicament and to address their tax issues.  I am willing/eager to supply you with any information that you might need in order to process the audit. I have worked with the client to get their tax filings correct for the _____ tax year and payments current ASAP. To that end I have prepared for you a Form 1040X for the _____ tax year.  

Enclosed please find a check for $____ to be applied as follows:

Tax                        $ _____

Interest                  $_____

With the payment of the tax and interest in full I am asking that the IRS abate any assessed penalties. Since I have assumed their role as their CPA, they client has asserted their intent to keep their tax filings and payments current.

I believe the penalty abatement is a just request as I believe the IRS is a fair institution designed to help taxpayers pay their just taxes. 

I appreciate your attention to this matter and look forward to working with you to close their file. 

Sincerely, John C. Dillard, CPA, PC, Partner in Charge 

John Dillard is an Christian Speaker/Author and Certified Public Accountant. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ and for his latest book Overcoming Life’s 9/11’s: Job’s Journey visit http://www.john-dillard.com/ or call John Dillard CPA today at 770.814.9304

 Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!  

Serving Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta,  Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock,  Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Gwinnett County, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Decatur. Sandy Springs, Peachtree City, Douglasville, Newnan, Griffin, Woodstock, Carrollton, Forest Park, Canton, College Park, Cartersville, McDonough, Riverdale, Fayetteville, Covington, Stockbridge, Conyers, Clarkston, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Coweta, Dawson, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Haralson, Heard, Henry, Jasper, Lamar, Meriwether, Newton, Paulding, Pickens, Pike, Rockdale, Spalding, Walton, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder and Woodstock 

Do You Need Help Running Your Business?…Atlanta CPA Offers Plain & Simple Business & Tax Answers for Atlanta Taxpayers for Alpharetta/Grayson

 Below is a sample inquiry I might receive from a client who is the start-up phases of their business and is looking to be well organized for both their current tax filings and for years to come and the following responses listed.

John, I signed and mailed you the forms today. I am still working hard on getting my information together. I have actually spent many hours reading articles on-line and watching videos on on-line trying to learn what I am doing so I can understand it. That is not a burden to me because I really want to understand so I can lead a business with integrity. I have also been diligent in recording everything that I am doing this year so I start out right. I did want to ask for your advice on two issues.

1) Do you think that your services are out of my league at the present time considering where I am with my business? What I mean is that I am having a difficult time figuring out how to do the things you have asked me to do, and although I would love more time with you to work through things, I can’t afford it. I feel like you offer so many services to your clients and I really am not able to take advantage of any of them at this point due to basically the present condition of my business and my lack of financial resources. I just feel like I could find someone to teach me to do the basics of Quickbooks and use you for the “bigger” issues.

 At His CPA PC we strive to do business the old fashioned way giving our clients much more than they thought they needed. In our ever changing economic times it is even more important to stay ahead of the power curve in addressing your business issues, trends, and tax planning. To that end we have dramatically improved our web-site. I believe your business is exactly where it needs to be, in the hands of one who cares about both you and your business.

2) I am concerned that I won’t have enough money to get me through tax season at this rate. After paying your latest invoice and I haven’t even filed taxes yet. With all of the issues I have to fix regarding my business, how much do you anticipate I will have to spend to make it through the near future? I know taxes have to be filed in March I guess.

Business Management and the whole of its many varied issues are a daunting issue for both the new and experienced business owner. His CPA P.C. has combined at their web site a litany of many varied issues, which has never before been available in such a succinct and well written format. I am committed to live out the “Golden Rule” in serving both others and the community. I believe what we have done to date is critical and necessary to achieve your stated goals. We have already done much to forge building blocks for your both doing your own bookkeeping, apprising you of tax law, and making entity selection issues, which should benefit you for years/decades to come.

Also, another thing that concerns me is that I don’t want you to think that I am dissatisfied with your service. I totally trust your plans for my business. I really like your style with how you do things. I agree with the path you have laid out. All of that is good. I just am simply concerned that the things you are wanting to do and that I need to do (S Corp, fixing my LLC, payroll, etc.) will be something that I know I need to do.

Failing to gain the insight of a professional CPA we run the risk of poor bookkeeping for our business, poor entity selection and the overpayment of our taxes. Also a CPA will do much to ensure that you record and track all valid and justifiable business deductions that you are legally entitled to. I would estimated you fees to complete both your personal and your corporate return to be approximately $800 to $1100 depending on how well organized you present the data as well as the amount of assistance you might need in the interim. I believe your business is exactly where it needs to be, in the hands of one who cares about both you and your business.

OK, I hope all of this makes sense. I would appreciate any suggestions you might give. Thank you for your patience in working with me.

“Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!”

What, then, shall we say in response to this? If God is for us, who can be against us? Romans 8:31 Why are these verses here? Learn how His CPA became a Christian Accounting firm visit http://www.hiscpa.com/christian-CPA.html

John Dillard, CPA of His CPA, PC (An Atlanta CPA firm) 1940 Woods River Lane, Duluth, GA 30097 Phone 770-814-9304 http://www.hiscpa.com/         http://www.john-dillard.com/

 We advise clients on: IRS representation, Offer in Compromise, Tax Problems, and Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Business Acquisitions/Sales, Forensic Accounting, Business Valuations and Bookkeeping.

Serving Atlanta, Duluth, Gwinnett, Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock, Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Decatur. Sandy Springs, Peachtree City, Douglasville, Newnan, Griffin, Woodstock, Carrollton, Forest Park, Canton, College Park, Cartersville, McDonough, Riverdale, Fayetteville, Covington, Stockbridge, Conyers, Clarkston, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Coweta, Dawson, and Douglas.

Atlanta/Alpharetta/Grayson  CPA on Addressing Time Critical IRS Representation Issues for Atlanta Taxpayers 

IRS Representation is perhaps the most important and sensitive of all tax functions that a CPA can provide. Recently we received the below inquiry regarding addressing time sensitive IRS/Georgia Tax Representation issues: 

Couple more questions, this guy with the state seems angry and has stated that HE is the last one to be notified when drastic action is about to happen.  If we acquire your services, will there be a (30) day…temporary stay on our case or will we be “”protected” a little longer???  I just don’t want this guy to find out we’ve hired a 3rd party to help us and then he turns around and takes position of whatever he can get.  Thanks for your time on this. 

Below is my response to this inquiry:

It is most difficult for a doctor to diagnose a client by phone as well as it is difficult for a doctor to guarantee the results.  We have done much over the years to help business owners and individual taxpayers address their unpaid taxes with both the IRS and Georgia. Though no one can guarantee results when dealing with critical tax issues that have not been paid attention to, there is frequently much a CPA can do to assist in the process. I invite you to spend a bit of time on the below articles which will do much to illustrate the many varied options and paths tax and IRS Representation might entail and require. 

Surviving an IRS Audit & Working with the IRS

How Georgia Taxpayes Are Selected for Audits
Learning about how audits are selected is the first step to discovering how to overcome the emotional and financial distress that normally occurs as part of the audit process. Lifting this veil will help keep you on an even keel in learning how to deal with the IRS audit. Visit http://www.hiscpa.com/irs-selection.html

 When the IRS Notice Arrives
Rather than beginning the process in fear, discover how you can better prepare yourself so that you are not surprised at the audit process and its ultimate results. By seeing through to the other side you can best ready yourself to close your audit with no adjustments and no additional monies due. See http://www.hiscpa.com/irs-audit.html

 Solving IRS Tax Issues for Atlanta Taxpayers
Don’t fight the IRS but work with them to resolve your tax problems. Discover a myriad of legal ways the IRS is eager and willing to work with you to resolve any unpaid debts, penalties, and interest. To learn more http://www.hiscpa.com/working-with-the-irs.html

 Paying Your Taxes – Withholding and Extensions
Paying your taxes made easy. This section will enable you to quickly grasp the general guidelines of tax law requiring that you pay taxes as you earn money. As well, extensions and their uses and limitations are disclosed and discovered. Visit http://www.hiscpa.com/paying-taxes.html

 How Atlanta Taxpayers Can Avoid an IRS Audit
Discover simple steps that you can do to help prevent an IRS audit. Though the tax code is at times very difficult to understand and comply, these basic simple steps will help you avoid an IRS audit. See http://www.hiscpa.com/avoiding-audits.html

Solving IRS Tax Problems: Submitting an Offer in Compromise
When all else fails and if you qualify, the IRS and Georgia both have a program which will enable you to work to solve the severest tax problems. Visit http://www.hiscpa.com/offer-in-compromise.html

Utilizing IRS Installment Plans to Pay Your Past Due Taxes
The IRS has long been in the business of helping taxpayers get back into the system to ensure that taxpayers are able to pay their taxes over time. For those who do not qualify for an Offer in Compromise or to pay the taxes and interest in full, while seeking penalty abatement, an Installment Plan is a prudent and wise choice and alternative to get your past taxes due paid and current. See http://www.hiscpa.com/installment-plans.html

 Contact HIS CPA PC (A Christian Atlanta CPA Firm) today.

To learn more about tax entities and the taxation thereof visit http://www.hiscpa.com/article2.html  There you will also discover a wide host of resources for American Entrepreneurs.

John Dillard is an Christian Speaker/Author and an Atlanta CPA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and a Voice of One: Nehemiah’s Prayer visit http://www.john-dillard.com/ or call John Dillard CPA today at 770.814.9304 (All Rights Reserved) Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!    

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Bookkeeping.

Serving Atlanta, Duluth, Gwinnett, Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta,  Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock,  Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Decatur. Sandy Springs, Peachtree City, Douglasville, Newnan, Griffin, Woodstock, Carrollton, Forest Park, Canton, College Park, Cartersville, McDonough, Riverdale, Fayetteville, Covington, Stockbridge, Conyers, Clarkston, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Coweta, Dawson, and Douglas.

Atlanta CPA Provides Directory of Tax Issues Facing New Georgia Business Owners

Business owners either initially or over time become extremely proficient in their field of choice for it is by this growth of knowledge and wisdom which affords them the insight to make prudent decisions. Each and every hour of a business owner’s day, there are a series of insignificant and important thoughts and directions that directly impact the profitability of a business. Continually you are faced with making a positive impact towards bringing your business closer or further away from your goal. For decades we have focused on helping new business owners get started on “learning the ropes” of all of the tax issues facing their new business. Below is a sample letter I might use to help a business owner correct and address their legal and tax requirements, when filing old past back tax returns, to ensure that adequate books and records are maintained and that all federal and state tax laws are both understood and correctly applied:

This will confirm your advice that:

-No estimated tax payments were made for the 2006 to 2009 tax years to either IRS or GA.

-That you are aware of the need to keep a by day log to support business miles.

-That we went over the rules of being an S Corporation and that you have opted to become effective 1-1-10 and that you are aware there are potential tax savings available that you will forego as you did not agree to the 1-1-09 S Corporation effective date I suggested.

-That you are the sole owner of your LLC for the 2006 to 2009 tax years. Please forward to me a copy of where this transfer of ownership was documented/agreed.

-That you are aware of that there are issues relative to the 2004 tax year that will roll forward to future tax years.

-That you had no substantive itemized expenses for the 2005 to 2008 tax years and that you rented your residence/waived any deduction for these years.

-That you have received and reviewed in detail the year end income tax checklist that is always available on our web site at www.HisCPA.com

-That you are to file as a single taxpayer for the 2005 to 2008 tax years.

-That you should either change your web site and marketing materials to your legal name or look to legally register and trademark your DBA.

-This is to confirm that you are handling all payroll and 1099 issues, your county property tax report for your fixed assets that the business owns (if you have not been getting this report I suggest that you call them and request), sales tax reports, and your business license.

-This is to confirm that you are aware of the need to pay the annual fee with the Secretary of State’s Office to renew your corporation’s annual registration.

-Please be reminded that you are required to keep a by day log to support business miles.

-Please forward me an estimate of what you anticipate the current year’s profits to be so that I might tax plan at least twice annually and that an S Corporation for tax purposes is required to pay a fair and reasonable salary given position and profit.

-It is an honor to serve you. If you know anyone looking for a Good CPA, please let me know or feel free to refer him or her to my web site at www.hiscpa.com.

Bookkeeping for Your Atlanta Small Business
Learn the ABC’s of accounting for the business and financial operations of your business. Visit http://www.hiscpa.com/keeping-books.html

Preparing and Reviewing Financial Statements for Atlanta Business Owners
Financial results of your business are like a doctors chart of their patient, this will help enable you to understand financials and their use. See http://www.hiscpa.com/financial-statements.html

Monitoring & Preparing Your Financial For Your Atlanta Business
Month-end control procedures are critical, as any variance to these will negatively impact the reliability of your internal financial. These are just a few of the tips we give clients each and every day. http://www.hiscpa.com/monthend.html

John Dillard is an Christian Speaker/Author and an Atlanta CPA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and a Voice of One: Nehemiah’s Prayer visit http://www.john-dillard.com/ or call John Dillard CPA today at 770.814.9304 (All Rights Reserved) Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!  

Contact HIS CPA PC (A Christian Atlanta CPA Firm) today.

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Bookkeeping.

Serving Atlanta, Duluth, Gwinnett, Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta,  Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock,  Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Decatur. Sandy Springs, Peachtree City, Douglasville, Newnan, Griffin, Woodstock, Carrollton, Forest Park, Canton, College Park, Cartersville, McDonough, Riverdale, Fayetteville, Covington, Stockbridge, Conyers, Clarkston, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Coweta, Dawson, and Douglas

Gwinnett CPA Advises Atlanta Business Taxpayers That IRS Just Announced the 2010 Mileage Rate

The IRS Just Announced the 2010 Mileage Rate as 50 cents per mile. This is down from the 2009 mileage rate of 55 cents per mile. The predominant cause for the decrease is a direct result of declining gas prices in 2009 versus 2008. Please keep in mind that tax law requires all taxpayers who use an auto for business use to keep a by day mileage log.

John Dillard is an Christian Speaker/Author and an Atlanta CPA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and a Voice of One: Nehemiah’s Prayer visit http://www.john-dillard.com/ or call John Dillard CPA today at 770.814.9304 (All Rights Reserved) Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!  

Contact HIS CPA PC (A Christian Atlanta CPA Firm) today.

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Bookkeeping

Atlanta CPA Offers Help for Atlanta Taxpayers Undergoing A Tax Audit

Addressing Back Taxes for Atlanta Taxpayers When the IRS Notice Arrives
Rather than beginning the process in fear, discover how you can better prepare yourself so that you are not surprised at the audit process and its ultimate results. By seeing through to the other side you can best ready yourself to close your audit with no adjustments and no additional monies due. See http://www.hiscpa.com/irs-audit.html

Below is a sample letter that might be used when working with the IRS and the Offer in Compromise department to ensure/request that no enforced collection efforts are made by the IRS while your Offer is being evaluated and processed. This letter is presented for illustration purposes and ALL taxpayers who have IRS representation issues would we well served to contact a CPA who is well versed in such matters. 

IRS, Atlanta GA 39901 , Dear Sir or Madam, 

I am writing you in a good faith attempt to come to terms over the above taxpayers’ present predicament and to process an Offer in Compromise on their behalf.  Enclosed please find a copy of a letter where we are dealing with the IRS in good faith to process their Offer in Compromise. Accordingly please cease all collection efforts while their offer is being process 

It is my last understanding that the Offer is being processed by the IRS Appeals Office.

Please cease all collection efforts while their offer is being processed. Please do not hesitate to contact me if you have any questions. 

Sincerely, John C. Dillard, CPA, PC, Partner in Charge 

To learn more about IRS Representation issues see:

How Atlanta Tax Audits are Selected
Learning about how audits are selected is the first step to discovering how to overcome the emotional and financial distress that normally occurs as part of the audit process. Lifting this veil will help keep you on an even keel in learning how to deal with the IRS audit. Visit http://www.hiscpa.com/irs-selection.html

Solving Atlanta IRS Tax Issues
Don’t fight the IRS but work with them to resolve your tax problems. Discover a myriad of legal ways the IRS is eager and willing to work with you to resolve any unpaid debts, penalties, and interest. To learn more http://www.hiscpa.com/working-with-the-irs.html

Paying Your Taxes – Withholding & Extensions for Metro Atlanta Taxpayers
Paying your taxes made easy. This section will enable you to quickly grasp the general guidelines of tax law requiring that you pay taxes as you earn money. As well, extensions and their uses and limitations are disclosed and discovered. Visit http://www.hiscpa.com/paying-taxes.html

How to Avoid an IRS Audit for Atlanta Taxpayers
Discover simple steps that you can do to help prevent an IRS audit. Though the tax code is at times very difficult to understand and comply, these basic simple steps will help you avoid an IRS audit. See http://www.hiscpa.com/avoiding-audits.html

Solving IRS Tax Problems: Submitting an Georgia Offer in Compromise
When all else fails and if you qualify, the IRS and Georgia both have a program which will enable you to work to solve the severest tax problems. Visit http://www.hiscpa.com/offer-in-compromise.html

Utilizing IRS Installment Plans for Metro Atlanta Taxpayers to Pay Your Past Due Taxes
The IRS has long been in the business of helping taxpayers get back into the system to ensure that taxpayers are able to pay their taxes over time. For those who do not qualify for an Offer in Compromise or to pay the taxes and interest in full, while seeking penalty abatement, an Installment Plan is a prudent and wise choice and alternative to get your past taxes due paid and current. See http://www.hiscpa.com/installment-plans.html

 John Dillard is an Christian Speaker/Author and Certified Public Accountant in Duluth, GA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and a Voice of One: Nehemiah’s Prayer visit http://www.john-dillard.com/ or call John Dillard CPA today at 770.814.9304 (All Rights Reserved) Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!  

Contact HIS CPA PC (A Christian CPA Firm) today.

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Bookkeeping.

Serving Atlanta, Duluth, Gwinnett, Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta,  Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock,  Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Decatur. Sandy Springs, Peachtree City, Douglasville, Newnan, Griffin, Woodstock, Carrollton, Forest Park, Canton, College Park, Cartersville, McDonough, Riverdale, Fayetteville, Covington, Stockbridge, Conyers, Clarkston, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Coweta, Dawson, and Douglas.

Gwinnett CPA Teaches  Getting Your Business’s Internal Financials Ready for an Audit, IRS Representation Issues or Submitting an IRS Offer in Compromise

Although it is tempting to address a crisis only when it arrives, it is much more prudent to be aware and ready for events before they come issues for failing to prepare, is preparing to fail. However it is often when a client has been called to task on an audit or is considering submitting an Offer in Compromise when a CPA can especially be invaluable in readying for the tasks at hand. Like a good general, the first task of a CPA in representing a corporate or personal tax return is to assess the damage, understand the whole of the tax environment and nuances thereof, control the communication with the IRS/taxing authorities, and to plan a strategy that works best for the client. Care needs to be exercised to ensure that a well-thought out plan needs to be tailored to that particular client to ensure a successful IRS audit experience. Below is a sample of a letter that might be sent to a client to coordinate the many and varied tax issues to ensure no important items are missed or ignored.

I just received statement for the open monies for the 2006 to 2008 showing $120,000 outstanding, including taxes penalties and interest due and payable to the IRS. Time, when dealing with the IRS, is not our ally. It is critical that we get all of your tax filings and current payments, for the 2009 tax year, ASAP. Failure to do so can/will result in two potentially worse negative tax issues than before:  

-The IRS is not statutorily allowed to work with a taxpayer to either consider/process an Offer in Compromise or an Installment Agreement unless a taxpayer is current on all of its current year responsibilities and payments.

-Tax fines and penalties along with its attendant interest continue to be accrued until the manner/open balance is either paid is full or formally abated. 

ASAP please forward me a copy of your filed 2009 corporate and personal income tax returns so that I might review it for any potential errors or deficiencies. We have often helped taxpayers to legally amend their corporate and personal income tax returns to correctly claim previously missed deductions resulting in the refund of thousands and thousands of dollars. 

I suggest that ASAP that you complete IRS Form 433A, Form 656 and Form 433B (if applicable) so that we might evaluate if you are an candidate to submit an Offer in Compromise. To read more about the rules of submitting and processing a successful Offer in Compromise visit http://www.hiscpa.com/offer-in-compromise.html  

Failing to respond to IRS notices ASAP can expose you to additional collection efforts by the IRS including levies, liens, asset seizure and garnishments, which otherwise might be avoided by quickly, efficiently, and effectively addressing IRS notices received. 

If you are not a candidate for an Offer in Compromise I suggest that either ASAP you pay the tax and interest in full, while asking for penalty abatement or get on an installment plan. 

Please be sure your internal 12-31-08 Balance Sheet equals the Balance Sheet on page Four of the Corporate Income Tax Return/IRS Tax Form 1120S. In this way we will know that your 2009 internal financial statement is starting off with the correct balances, as they are listed on the corporate income tax return.

Contact HIS CPA PC (A Christian CPA Firm) today.

To learn more about addressing IRS Tax Issues and Back Tax Returns visit http://www.hiscpa.com/working-with-the-irs.html  

John Dillard is an Christian Speaker/Author and Certified Public Accountant in Duluth, GA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and a Voice of One: Nehemiah’s Prayer visit http://www.john-dillard.com/ or call John Dillard CPA today at 770.814.9304 (All Rights Reserved) Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!    

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Bookkeeping.

Serving Atlanta, Duluth, Gwinnett, Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta,  Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock,  Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Decatur. Sandy Springs, Peachtree City, Douglasville, Newnan, Griffin, Woodstock, Carrollton, Forest Park, Canton, College Park, Cartersville, McDonough, Riverdale, Fayetteville, Covington, Stockbridge, Conyers, Clarkston, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Coweta, Dawson, and Douglas.

Time Critical: Processing an Offer in Compromise/Addressing Back Taxes with the IRS 

Usually one of the main issues that causes an Offer in Compromise is a taxpayer not filing and paying their taxes on a timely basis, in essence, their inability/lack of desire to address their tax obligations and filings as they become due. Thus, one of the biggest obstacles for the CPA/Tax Advocate is to help the taxpayer to get motivated. To this end, most all tax representation work requires the CPA to help the taxpayer change their paradigm going forward and to address all strategic tax issues before they become problematic and even more expensive resulting in undue fines and penalties, levies and garnishments. To this end I help taxpayers understand both the specifics and the applications as they relate to them and the generalities of the process as detailed at http://www.hiscpa.com/irs-representation.html 

Frequently however taxpayers get intimidated by the process in spite of the process as the details often confuse and frustrate even the most ardent and fervent taxpayer. It is critical that all steps of an Offer Process be carefully delineated and listed, such as the below, to assist taxpayers in knowing both their rights and responsibilities and the nuances and critical and important steps of submitting a successful Offer in Compromise: 

Determination of the Amount Owed. Confirming by year of the amounts originally due as detailed by the original return and what the IRS believes is presently due per the latest tax notice. Care at this stage is also given to get copies of all of the returns to ensure that the original tax liability is correct and that all appropriate tax deductions have been claimed. 

Amending Income Tax Returns. For all tax returns that need to be and that can legally be amended are done so to correct any overstatement in the true amount of tax due, while keeping in mind that only tax returns less than three years from their original filing/assessed date can be amended.

Tax Offer Forms. By going to the  IRS web-site and complete Form 433A  and Form 433B (if you have a business) and print it out. Please be sure to complete all  information  ASAP after you get it done and the above to me we will get together and go over the forms.  All lines of the tax forms need to be completed. The Form 433A and Form 433B is the form the IRS to collect required data to list all of a individual and business income and expenses respectively detailing account names, locations, banking institutions, debts,  detailing essentially all important financial information about you and your business. If your tax year is just over and your company’s tax return has been completed, then Form 433 B can be completed using this information. Otherwise, it is essential to get your current year to date financial information available and to utilize this to compete the business form accordingly. 

The Offer. You should not submit and Offer in Compromise unless your CPA has reviewed all of the above information and has determined that they feel you are an candidate to submit an process-able Offer in Compromise.  The Offer itself is submitted with the actual amount of an Offer as well as the processing fee. The form the IRS uses to for this is Form 656. 

Complete all Returns.  The IRS requires that taxpayers submitting an Offer in Compromise are current on all of their tax filings and payments. If for example you are submitting a personal Offer and also have a business, you are required prior to submitting an Offer to file all of  your open payroll tax returns including Form 941, Form 940 and all corporate income tax returns including Form 1120, 1120S and Form 1065. 

Payment of all Open and Current Taxes Due. The IRS requires that taxpayers submitting an Offer in Compromise are current in their payments on all of their current tax filings. If for example you are submitting a personal Offer and also have a business, you are required prior to submitting an Offer to file all of  your open payroll tax returns including Form 941, Form 940 and all corporate income tax returns including Form 1120, 1120S and Form 1065 for the current year and any required current estimated tax payments should be paid. 

Strategic Issues. ASAP after you have done the above payments/filing  and current tax planning, you need to ASAP retain a payroll service (if you own a business) to handle all of your payroll processing needs. 

Power of Attorney. Getting ASAP a Power of Attorney signed and forwarded to your CPA ensuring that all open tax years, tax returns, and Offer in Compromise tax forms are listed. 

Reasonable Salary. Tax Law requires all active employee owners of an S Corporation to pay a fair and reasonable salary given position and profit. If you have not yet done so I suggest you retain a payroll company ASAP and ensure that you enough withholding to cover your estimated tax liability. 

Future Compliance. Please be reminded that as an condition of the acceptance by the IRS of an Offer of Compromise that IRS tax rules require that all of your tax filings and payments be currently filed and currently being paid for the five years after the date of acceptance. Failure to do so can legally result in the IRS voiding the offer adding penalties and interest and resuming enforced collection efforts.

Representing yourself before the IRS is a recipe for disaster and is analogous to the saying that “He who represents himself has a fool for a client. As Believers we are called to surround ourselves with wise counsel and failing to do so will add folly, toil, and additional financial drain, helping our “financial ship” sink faster still. 

To learn more about IRS/Tax Representation Issues and an Offer in Compromise visit http://www.hiscpa.com/irs-representation.html  

John Dillard is an Christian Speaker/Author and Certified Public Accountant. To See how he takes Christ along with him to work visit http://www.hiscpa.com/ and for his latest book Overcoming Life’s 9/11’s: Job’s Journey visit http://www.john-dillard.com/ or call John Dillard CPA today at 770.814.9304

Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!    

We advise clients on: IRS representation, Offer in Compromise, Tax Problems, Incorporation in Georgia, Corporate and Personal Income Tax Returns, Part-time CFO, Virtual Controller, Business Planning, Offer in Compromise, Back Taxes, Bookkeeping.

Serving Atlanta, Duluth, Gwinnett, Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta,  Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock,  Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, Atlanta GA, Gwinnett County, North Fulton County, Cherokee County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Atlanta, Alpharetta, Johns Creek, Lawrenceville, Marietta, Milton, Norcross, Snellville, Roswell, Buford, Smyrna, Marietta, Cumming, Grayson, Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Decatur. Sandy Springs, Peachtree City, Douglasville, Newnan, Griffin, Woodstock, Carrollton, Forest Park, Canton, College Park, Cartersville, McDonough, Riverdale, Fayetteville, Covington, Stockbridge, Conyers, Clarkston, Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Coweta, Dawson, Douglas