Category Archives: IRS Settlements

Correspondence Exam or Corr Exam IRS Audit

Correspondence Exam or Corr Exam is the most common type of IRS audit procedure. Corr Exam asks for verification of credits and deductions claimed on the tax return.  A major compliance program, Correspondence Examination asks for verifications of credits and deductions claimed on a tax return to determine if they are being reported correctly. The major areas… Read More »

Businesses that improperly classify workers as independent contractors instead of employees

What can happen if a business misclassifies some of its workers? Businesses that improperly classify workers as independent contractors instead of employees can incur substantial amounts in additional taxes and penalties as a result of that misclassification. The Trust Fund recovery penalty may apply if federal income tax, social security tax, and Medicare tax that… Read More »

Appeals Judicial Approach and Culture (AJAC)

Appeals Judicial Approach and Culture (AJAC) – The AJAC Project reinforces Appeals’ quasi-judicial approach to the way it handles cases, with the goal of enhancing internal and external customer perceptions of a fair, impartial and independent Office of Appeals. AJAC policy changes include:   Appeals Judicial Approach and Culture (AJAC) AJAC clarifies the distinction between… Read More »