NTAPS Monitoring Service of IRS Transcripts

One day you go to the mailbox, and there it is. Among the letters, junk mail, and bills (yuck) is a letter with the return addressed "Internal Revenue Service" (double yuck). Dread and fear grasp you. Your throat tightens, your blood races and that feeling of impending doom descends. As you know, it is not likely a letter from them thanking you for paying your fair share of taxes. The IRS does not do that; no, it is something wrong. You open the letter and need to figure out what they want or what is wrong. You read the letter, yet it is as if it is in a foreign language, but it is clear that they want more money (and usually a lot more) or that you are being audited.

Would up to six (6) months advance knowledge this letter was coming to you have saved you from a near heart attack?  Would you like to know what the IRS is planning to do with your tax filings up to six months in advance?

You could handle it yourself. Suppose it is a letter wanting more money. In that case, it is usually because:

1. You did not correctly report something;
2. You should not have reported something;
3. There was a deduction taken that was not allowed to be taken!

All this is according to the IRS. However, their letters are not written for regular folks to read. They use language that only a professional can interpret. You may call the phone number on the letter (be prepared to wait a long time to get assistance). When you get an agent, they may or may not be able to properly advise you.  If you call back, you get another agent.  Ask the same question, you will get a different answer.
 

Did you know that according to IRS regulations (their rules of conduct), you cannot use the advice from an IRS agent as a defense?  They admit that you cannot rely on their advice over the phone. You feel better already, don't you?

Go down to the IRS office, through their security, and eventually meet face-to-face with an agent. He flashes the badge; this is the real deal. He begins with an interview, asking many questions. When you answer, you best remember that old adage, "what you say here can and will be held against you." It is scary. (Suppose you need to go to the bathroom; you actually have to be escorted.)  

Wow! This is serious business!  

The auditor asks for your documents of proof. No big deal; you brought your papers and showed them to him. What does he mean, "It is not the right proof"? Don't you know the thousands of IRS regulations? 

YOU CHOOSE TO REPRESENT YOURSELF AND ARE EXPECTED TO KNOW ALL THE RULES!

What's more, did you know that not all IRS auditors have the same training or experience? 

Right now, the IRS is dramatically increasing the number of auditors, collectors, and staff persons.   But, unfortunately, the IRS is giving these new employees only summary training and then throwing them into the line of fire – meaning, putting you in their line of fire. So how would you know if they even know what they are doing? 

Get this straight: the IRS is in the business of taxing you and collecting it. They may attempt to be fair, maybe friendly, nice, and sincere. However beware, they will ask you questions, make you fill out forms and sign documents that you may not be required to answer or fill out or sign.  It is called voluntary disclosure. It is your responsibility to know your taxpayer rights if you choose to represent yourself.  

The information they "voluntarily" get you to provide will be used to verify income and expenses.  For example, they might ask for all your bank account balances and numbers.  They might ask for credit card balances and account numbers.  They might ask you for your retirement account balances and numbers.  They even ask about what you might inherit and from whom.  They do this so if you hire a tax expert to represent you, you may not be able to claim protection under several programs because they will have all the whereabouts of your money and they will check it all.  

Let's use this example.  If the auditor says you owe $25,000 lets say, and your tax expert wants to use a program that reduces your tax due, like the offer in compromise program, and you voluntarily disclosed to the IRS you had a retirement account with $50,000 in it, the IRS would reject the offer.  They know you have the means to pay this bill.  Does that mean the expert hides the retirement account for you?  NO!  However, the tax expert knows how to protect the account for you, making the case to the IRS why they should not consider that money as available to pay the tax bill.

A client received a letter in the mail on June 10th, 2024 requesting additional information on their 2023 tax return.  The Client called our office immediately and sent a copy of the letter to our firm.  The client signed the IRS Power of Attorney needed to review the account and speak with the assigned agent on the client's behalf.  The pulled transcript "noted the agent had been assigned in March, the letter had been prepared on April 3rd", and the letter deadline for a response was 30 days later on May 3rd!  We immediately requested the envelope or proof of receipt to show the letter arrived much later than the deadline date.  With the proof of receipt, we were able to reopen the agent's case file, and quickly resolve the issue with the agent before a full audit recommendation was submitted by the assigned agent.

Missing deadlines, even if the fault of the mail service, will result in your tax file becoming an automatic audit target, with the possibility of an appointment letter coming to you for an IRS in person audit.  

The fees for tax audit representation may range from $10,000 to $25,000 or higher. Even fighting one of those letters that are not an audit may cost $5,000 or more. This fee is not included in the monitoring fee.   However having the extra time to prepare, pay the firm fee in installments, or even just fix the problem before the deadline could be the difference between a very stressful surprise or a calm, timely, and orderly plan of action to resolve the problem.

Don't be caught by surprise.  Subscribe today!

Our firm, NTAPS INC has years of experience with the IRS. We are trained tax resolution specialists trained to go head to head with the IRS.  We know their language, numerous rules, and what an IRS agent is allowed; we know when they are doing their job right and when they are not.

You have our monitoring service.  On a Monday transcript pull, the code for an audit is seen added to your account.  Your tax expert contacts you with the information.  You may have all your records, or not.  You now have six (6) months to find, assemble, and prepare your documents for the audit.  

Your tax expert prepares a proposal for representation.  You agree to the terms and payments for the tax representation.  The fees for tax audit representation may range from $10,000 to $25,000 or higher.  Even fighting one of those letters that are not an audit may cost $5,000 or more. 

Your tax expert is listed as your representative and receives a copy of the audit letter.  Your tax expert reviews your documents, contacts the IRS to resolve the matter.  Your tax expert meets with the IRS, if necessary.  Your tax expert negotiates the best possible resolution for your case.  You sign the agreement and do your part of the agreement.  The matter is resolved without any further issues.

You continue your life.  You don't have to talk to the IRS agent.  You don't have to attend the audit (unless suppoened).   Isn't this a better way to handle your IRS case?

Would you like to know what the IRS is planning to do with your tax file up to six months in advance?  Start our monitoring service today!