Tax Law & Internal Revenue Service Issues

Mr. Morgan has been an enrolled agent (EA) with the IRS and is authorized to practice before the IRS, the Appellate Division and the tax court since 1995.  His areas of practice include:​​

INTERNAL REVENUE SERVICE AUDITS

 

  • When you receive a certified deficiency notice* from the IRS proposing changes to prior year(s) tax returns, you will be subject to either a “field audit” or an “office audit.”

  • The IRS will be assessing a deficiency against you by making unfavorable adjustments to your prior year(s) tax returns.

  • The IRS will require responses and or the production of tax work papers which supported your original tax return filing.

  • Before you communicate with any IRS personnel, you need to retain seasoned tax counsel.  You should never directly communicate with the IRS, answer questions, or produce documents which relate to your tax preparation. 

 

You should immediately retain tax counsel to help you navigate any IRS audit.

 

INSTALLMENT PAYMENT AGREEMENTS

 

  • When you receive a certified tax deficiency letter* making adjustments to a prior year(s) tax returns, you need to retain seasoned tax counsel before contacting the IRS.

  • If you do not contest the amount of the IRS tax deficiency notice, you may be eligible for what is called an installment payment agreement.

 

Before any direct communication with the IRS, you should immediately retain tax counsel to help you navigate an IRS installment payment agreement.

 

OFFERS IN COMPROMISE
 

  • Offers in Compromise present unique opportunities for taxpayers to completely resolve a particular tax deficiency by paying an amount substantially less than demanded by the IRS.

  • Offers in Compromise are governed by IRS regulations and procedures which are extremely complex.  A taxpayer can qualify for an Offer in Compromise only if the value of all assets (as determined by IRS regulations) are less than the amount of the claimed tax deficiency.

  • In order to determine the value of a taxpayer’s assets, a financial statement must be prepared and submitted to the appropriate IRS division.  Once this financial statement is submitted, it is subject to intense scrutiny and change by the IRS.

  • The preparation of this financial statement should always be done with the assistance of a tax counsel with extensive experience obtaining Offers in Compromise for their clients.

 

Before any direct communication with the IRS, you should immediately retain tax counsel to help you navigate an Offer in Compromise.

ANY INITIAL COMMUNICATION FROM THE IRS WILL NEVER BE BY EMAIL, TEXT MESSAGE OR PHONE CALL.  DO NOT COMMUNICATE WITH ANYONE WHO CONTACTS YOU IN THAT MANNER.  IT IS A SCAM TRANSACTION AND YOU SHOULD NOT RESPOND.

CONTACT US

Contact DeSanto & Morgan today at (847) 816-8100 or online on the Contact Us page.