Article Date:
November 2007


Word Count:
176

 

 

New Rules on Contingent Fees


With four exceptions, tax law prohibits contingent fees with regard to any matter before the IRS. Your tax advisor may charge a contingent fee to help you with1

 

1.

an IRS audit of (or other IRS challenge to) your original tax return;

2.

an IRS audit of (or other IRS challenge to) your amended return or claim for refund;

3.

a claim related solely to IRS-assessed statutory interest or penalties; or

4.

an Internal Revenue Code judicial proceeding.

 

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