Video instructions and help with filling out and completing Who Form 944 Pr Mailing

Instructions and Help about Who Form 944 Pr Mailing

Okay so we decided to do a series of videos and yesterday I shot some videos related to tax and also tech well tax resolution and also bankruptcy I'm going to shoot some videos in regards to estate planning and some of the other practice areas but I kind of ran into a spot yesterday and I felt like that I didn't do a great job on the IRS sort of the IRS components I thought I'd do an overview video to kind of talk about it so basically if you have an IRS IRS issue the IRS issue you have a few ways to resolve it and for the most part four out of five IRS issues that you have come down to the IRS know it notifies you that there's a that there's a problem and they'll usually do that and I've just labored over this it's called the CP 2021 so I'm not going to spend a lot of time on this but essentially this is the administrative letter to let you know that there's a problem with your return either to the positive or to the negative okay so this is a positive we don't really worry about it if it's to the negative obviously that becomes an issue what I'm gonna do here is really kind of talk about the the various parts so you have the CP 2021 and we're just going to kind of talk about the pay moment so essentially they come in and they say that there's a there's a negative amount and that you owe it okay so from there you have to determine if you're going to one simply pay it now okay and you may you may really be in dispute meaning you don't like what they're the number they give you or you may agree okay but essentially at that point you're determining that the best course of action for you is to pay and that might be because the cost of fighting it is too high that might be because your documentation is poor might be because simply the time value of money and in dealing with the the efforts and energy and also just simply your time it just isn't worthy the effort and energy that it takes to resist the the collections or the the effort to defend yourself so you might just pay the other way to do it is go forward and say okay so you have a dispute and you're deciding to dispute it all right and if you're going to dispute it essentially at that point you have to bring forward your sort of your evidence okay now you have to remember that the CP 2021 is generally triggered from third-party verification all right that's what happens all right so they have a third party verification that tells them and they tells them that there is an issue my name is Todd courser and I want to urge you to subscribe to my youtube channel and also to visit courser law comm.