Help with Common IRS Problems: Help with Common IRS Problems

Help with Common IRS Problems: Help with Common IRS Problems: There are many problems you can run into with the IRS. The following is an overview and helpful information on some of these confusing issue...












It could be you.

I am a Third Party Administrator and am asking for your help.  One of my clients with 4 employees who 
simply funded a retirement plan with $500,000 recently endured a 5.5 year IRS audit of his 412 (i) 
pension plan. Upon completion of the audit the client owes $55,000 in income taxes for 2004-2006 and 
has refunds from 2007-2008 of $55,000 (timing difference only) He owes about $30,000 in blackmail 
money (He really should owe nothing!).  The SBSE income tax agent has threatened to assess $800,000 
in penalties under Code Section 6707a. The IRS is far exceeding their authority in assessing the 6707a 
penalty this is totally prosecutorial abuse.  WE must put a stop to this!  My client cooperated and acted in 
good faith and did file the form 8886 (Maybe not 100% correctly but none the less, he did file the 
necessary forms).……

Dennis Cunning