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Punt back your penalty to IRS if IRS provided incorrect written advice

If you received incorrect written advice from the IRS, you may qualify for a statutory exception. If you feel you were assessed a penalty as the result of erroneous written advice you received from IRS, the following items may be needed when requesting penalty relief: Your written request for advice. The erroneous written advice you relied on that was furnished to you by the IRS. The report, if any, of tax adjustments identifying the penalty or addition to tax, and the item(s) relating to the erroneous advice. Generally, Form 843, Claim for Refund and Request for Abatement should be filed to request penalty relief based on incorrect written advice from IRS. However, you can call the telephon

What’s in a name?

After a preparer and taxpayer work long and hard together to finalize a tax filing, it’s those simple easy things that can ruin the whole process and result in tax authority rejection of the filing - even due to an item as simple as taxpayer’s name. One would think that this wouldn’t be an issue as surely a taxpayer’s name would be the most given fact in the filing. In reality, filed 1040 returns are not associated by IRS with taxpayer (taxpayer thinks they’ve filed, IRS doesn’t), ITIN applications are rejected, refund claims rejected or sitting on IRS account under different name variation, withholding tax credit (1042-S, 1099, FIRPTA) not issued, offshore streamlined return not registered

ANY AND ALL OF THE INFORMATION ON THIS WEBSITE DOES NOT CONSTITUTE ADVICE IN GENERAL AND/OR TAX ADVICE AND SHOULD NOT BE RELIED UPON AS SUCH. FOR ASSISTANCE WITH YOUR PARTICULAR FACT PATTERN AND HOW TAX LAW PERTAINS TO THAT PATTERN, PLEASE CONTACT OUR OFFICE TO ARRANGE AN ENGAGEMENT WHEREUPON OUR OFFICE CAN OFFER ADVICE IN THE COURSE OF THE ENGAGEMENT.

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