Posted by: pereztaxlitigatorcom | October 8, 2021

DENNIS PEREZ, SANDRA BROWN and CORY STIGILE to Speak on Advising High-Income Non-Filers, Voluntary Disclosure and Collection Issues

We are pleased to announce that Dennis Perez, Sandra Brown and Cory Stigile will be speaking at the upcoming CalCPA webinar, “Advising High-Income Non-Filers, Voluntary Disclosure and Collection Issues”” on Tuesday, October 26, 2021, 9:00 a.m. – 10:00 a.m. (PST).

The IRS has increased their focus and efforts on high income taxpayers who haven’t filed their tax returns. The potential for significant penalties, limited voluntary disclosure options, and possible criminal prosecution forces tax counsel and advisers to grasp a complete understanding of applicable tax rules and procedures when representing high income taxpayers. The IRS issued IR-2020-34, which states the IRS “will step up efforts to visit high income taxpayers who in prior years have failed to timely file one or more of their tax returns.” The IRS now uses sophisticated data analytics to identify high income non-filers and tax preparers who promote false tax returns, as well as businesses with large amounts of unpaid employment taxes. Failure to file tax returns can have severe consequences. IRC 6651(a)(1) imposes substantial additions to tax for a failure to file a tax return.

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