Tax Controversy Service

nt’s representation in front of the IRS, FTB, SBE and EDD and resolution of tax problems. During last five years, Ms. Kormochi effectively challenged the IRS and FTB proposed assessments of additional tax liabilities during the audits. The issues that she was able to dispute include timing of income recognition under accrual method of accounting, calculation of shareholder’s basis for purpose of allowed losses taken on shareholder’s individual tax return, substantiation of charitable contribution, gain recognized in Sec. 1031 exchanges. In addition, she successfully requested the abatement of various penalties for my clients. Olga Kormochi is a member of American Society of Tax Problem Solvers and American Bar Association. She attended American Law Institute Tax Controversy Institute and UCLA Tax Controversy Institute. New and complex tax regulations, combined with strengthened tax authority’s enforcement policies, make it crucial for preparation for and manage examinations in a constructive manner. Many issues complicate the process of the examination, including the volume and the scope of the exam. We represent individuals and business client in audit and appeals in front of Internal Revenue Service, Franchise Tax Board, State Board of Equalization and Employment Development Department. Our experience and knowledge on how the tax authority function allow us to present informed opinion on the strengths and weaknesses of both client and government positions. Our services in client representation include: protest preparation, representation at appeals conferences, representation in alternative dispute resolution procedures, analysis of final tax and interest calculations. We evaluate the often-complex interest computations associated with deficiencies or refunds arising from an Internal Revenue Service examination and spot inaccuracies in calculations made by the IRS computer system.