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But as I mentioned, its not adversarial to begin with. Most tax compliance - although much more obscure and less used - is telling the IRS in advance how little
by vmception 5y ago
But as I mentioned, its not adversarial to begin with. Most tax compliance - although much more obscure and less used - is telling the IRS in advance how little you will pay.
From an 83(b) election on an arbitrarily short vesting schedule you made for yourself for discounted assets, to Advance Pricing Agreements which you pay for, to Private Letter Rulings, to tax-exempt status for your non-profits. It just isn't the same experience with that agency.
- aaron-santos 5y agoI don't think I'm in disagreement, but maybe you can tell me. The popular portrayal that a face to face meeting with the IRS is the worst needs to be debunked. Anyone who thinks a face to face meeting with a TCO needs to keep in mind who is getting face to face examinations and what that implies. It's much more cordial than the adversarial mailers that the prole gets.
- vmception 5y agoWe're mostly just talking about different things. Yeah audits are not the end of the world, and every transaction that was filed needs to already be rationalized for how it would be explained in an audit. I've been talking about all the interactions one can have with the IRS before taxes are ever filed.
- aaron-santos 5y agoThank you for taking the time to explain that a bit more. Yes we're talking about two different things.