kcjenkins Posted October 11, 2007 Report Share Posted October 11, 2007 LARGE DOLLAR UNIT CHECKLIST OF DOCUMENTS TO HELP RESOLVE DELINQUENT TAX ISSUES Practitioner Check Sheet To expedite the resolution on accounts in the Large Dollar Unit, please have the following information available when contacting ACS. Valid F2848 covering all tax periods Explain in detail why the taxpayer is not able to full pay or borrow to full pay Completed Form 433- A, B or F Copies of delinquent tax returns and /or ASFR returns Three months of current pay stubs for both TP/TPW Three months of current bank statements (all accounts) Value of all property and/or available equity Investment income Value of 401K/Retirement Year make of vehicles, value, equity, balance owed, and monthly payments Employer’s information including work number Number of individual’s living in the house hold Secured loan(s) - amount of loan and remaining balance(s) Life insurance policies, (whole or term), any borrowing ability? And/or value of policy Profit and Loss statements for self-employed taxpayers Commission statement Substantiation of Court ordered payments Substantiation of payments being made Spouse’s income and source with name/address/phone number Out-of-pocket medical expenses Pension income and/or Social Security income Rental income Additional information and /or documentation may be needed to determine disposition of the account. Quote Link to comment Share on other sites More sharing options...
TAXBILLY Posted October 12, 2007 Report Share Posted October 12, 2007 Good info. taxbilly Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted October 12, 2007 Author Report Share Posted October 12, 2007 IRS Issues Redesigned Allowable Living Expense Standards Allowable Living Expense Redesign Changes to the 2007 ALE Standards To promote better consistency and fairness, the IRS has revised the methodology for calculating some of the Allowable Living Expense standards used in collection determinations. These changes will be reflected in the 2007 standards which will become available and effective October 1, 2007. The Allowable Living Expenses rely solely on the Bureau of Labor Statistics (BLS) and other governmental expenditure figures, which are based on surveys of actual consumer expenditures and provide a fair basis for allowances. For more story - http://www.irs.gov/businesses/small/articl...=173524,00.html To access the revised figures - http://www.irs.gov/individuals/article/0,,id=96543,00.html Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.