Andrew S. Feldman Quoted in Law 360 Discusses How to Respond to IRS
Attorney Andrew S. Feldman was recently quoted in Law 360 and discussed how to respond to IRS in 3 Tips For Responding to IRS Document Requests . The article discussed strategies for how to respond to the IRS and how to respond to an an IRS request for documents or an IRS summons.
Respondi
ng to the IRS can be onerous and should not be done without the assistance of an experienced attorney. With the assistance of an attorney, you may evaluate which documents are relevant and, more importantly, which documents should be produced. Assessing which documents should be produced is a complicated task that you should not attempt to accomplish without the assistance of an attorney. Hiring an attorney may also help a tax payer avoid the possibility of unknowingly or inadvertently producing documents that are potentially incriminating or contain privileged information. Further, if you decide not to produce certain documents, then the IRS may challenge your reasons for not producing those documents.
The IRS has also increased the amount of summonses (John Doe and otherwise) and document requests that they are sending to taxpayers related to foreign bank accounts and foreign assets or income. Taxpayers with unreported foreign bank accounts or foreign assets should also seriously consider contacting an experienced attorney prior to receiving a IRS request for documents or an IRS summons.
Mr. Feldman has experience with IRS investigations including responding to IRS summonses, criminal tax investigations, and investigations and audits involving foreign assets and foreign bank accounts.