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Robert E. McKenzie quoted in Forbes article on unreported income discovered by the IRS

Arnstein & Lehr Attorney Robert E. McKenzie

Robert E. McKenzie

Arnstein & Lehr Chicago Partner Robert E. McKenzie was quoted in a February 10 article in Forbes.com titled “Blimey! IRS Computers Dun British Lord For $13 Million.” The article discusses how IRS computer will match 1099s and W-2s against individual tax returns in search for unreported income. When discovering unreported income, the IRS sends a “Notice of Deficiency” letter that gives taxpayers a choice of going to Tax Court or agreeing to pay the whole amount. Also known as the “90 day letter,” Mr. McKenzie comments that it is increasingly common for taxpayers to get a 90-day letter even if they mail evidence to the IRS that a proposed assessment is wrong.

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