Case Studies - IRD Tax Disputes and Audit

Below are some case studies of the type of work we do on a regular basis for clients covering IRD Audits and Disputes:

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Property Developer

 

Successfully managed multiple IRD Risk Reviews and Audits of a Significant Property Developer

Background

Greater than $5 million in GST arrears and 10 years income tax returns outstanding.

Solution

  • Negotiated a time payment for the arrears linked to forward settlements of property sales.

  • Managed preparation and filing of income tax returns including ensuring profits could be utilised against group losses.

Result

  • Successfully managed and coordinated multi IRD risk reviews and audits.

  • Protected funds introduced by owners by ensuring security and priority.

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Property Investor

 

Successful result achieved from an IRD Risk Review of a Significant Property Investor

 

Result

  • Managed IRD risk review of property sales with the IRD agreeing sales were non-taxable after providing technical and factual evidence.
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Debt Settlement

 

SUCCESSFULLY negotiated a debt settlement with the IRD that had rejected previous offers. 

 

Background

  • Asked to step in and take over from a CA who had unsuccessfully made 4 offers to the IRD for settlement.

Solution

  • Negotiated with the IRD to have the first offer accepted with full disclosure of facts and information to support financial position.

 

 

Next Steps


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