When you are a child you are scared of the boogeyman or the monster under the bed. When you are an adult, you are scared of the IRS. One of the worst days in the life of a person or small business owner is when the IRS undertakes collection activities to collect past due taxes. Because of their wide powers and ability to freeze and seize assets, IRS collection activities can have a devastating impact on an individual taxpayer or small business’ financial operations.
Presented by tax attorney Sam Brotman, this CLE program will provide the non-tax practitioner with a practical guide to the process and timeline of IRS collections. Sam mainly discusses how a filed return becomes a balance due, how the IRS Automated Collection Systems works, dealing with Revenue Officers and how to best resolve IRS collection issues for your clients. Further issues discussed include the benefits of understanding the IRS collections process, an overview of IRS examinations & audits, how attorneys get audited, balance due notices, liens, levies & wage garnishments, revenue officer specific collection actions, 120 day extensions, the statute of limitations, running, financial hardship, installment agreements, offers in compromise, defeating IRS liens and levies and bankruptcy.
Samuel D. Brotman is the founder of Brotman Law. His practice primarily centers on all aspects of tax litigation and criminal/civil tax controversies in front of the Internal Revenue Service, Franchise Tax Board, Employment Development Department, Board of Equalization, and various other state/local tax agencies. Although a strong proponent of early stage tax resolution, Sam’s practice is uniquely tailored to assist clients in all phases of their tax controversy from administrative resolution to suits in superior/district court. In addition, Sam frequently handles corporate/real estate/litigation matters related to small and mid-size businesses.