Megan L. Brackney was quoted in a Forbes article titled “Did You Get IRS Notice CP-59? Take It Seriously And Act Fast” on March 8, 2024. The article discusses a new IRS enforcement campaign aimed at individuals who have not filed their tax returns.
From the article:
“According to New York tax attorney Megan Brackney, “Whether or not they receive a letter or other contact from the IRS, anyone who is delinquent with their tax returns should make arrangements to file those returns. Depending on the number of years of delinquency and the anticipated amount of tax liability, taxpayers may want to consult with an attorney or accountant about the best way to approach the IRS. Especially for high income non-filers, the time has come to get caught up on tax filings and not keep hoping for the problem to go away on its own.” However, Brackney added that unless there is a compelling reason to do so, she won’t be having her clients complete the Form 15103. “For many people who complete Form 15103, the reason for non-filing should not subject them to criminal liability. Reasons such as illness, job disruption, or other difficult circumstances would not suggest fraud or other affirmative acts of evasion. Taxpayers with concern about answering this question should consult an attorney about whether it would be appropriate to assert their Fifth Amendment right against self-incrimination on this form,” Brackney explained.”
Click here to read the full article.
