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What tactics can the IRS use against me to collect taxes?
Created By
www.longislandtaxresolution.com
Call us at: 631-244-1650
Call us at: 631-244-1650
1) How serious is the IRS about back taxes?
• IRS views unpaid back taxes very seriously.
• The IRS is going to come after you to recover everything you owe them.
• You might be able to hide for a few months or years without any action
from them.
• But eventually, the IRS will catch up with you.
Call us at: 631-244-1650
2) How and When the IRS Will Initiate Collection Tactics against You
• Failure to comply with the IRS rules and regulations will result in dire
consequences.
• Not paying your tax debts or committing tax fraud are crimes.
• IRS uses many collection methods to recover the taxes you owe them.
• It can be very damaging to your financial stability, and get progressively worse.
Call us at: 631-244-1650
3) IRS Collection Methods Include:
• Wage garnishments
• Levies
• Liens
• Property seizure
• Cancellation of business license
• Closure of business
Call us at: 631-244-1650
4) The IRS Collection Process
• If you do not pay in full when you file your tax return, you will receive a written
notice stating the amount you owe.
• The IRS won’t start Collection process without informing you
• The IRS sends you a series of notices.
• The first IRS letter explains the balance due and demands payment in full.
• If you’ve received any of these notices, it’s time for urgent action.
Call us at: 631-244-1650
5) The IRS notices are in the following order:
• CP-14: The first notice, which begins the IRS collection process and is a bill of unpaid taxes.
• CP-501: The second notice that usually arrives after 5 weeks of inaction on your part.
• CP-503: The third notice that arrives in another 5 weeks to remind you of your tax debts.
• CP-504: The fourth notice called ‘Intent to Levy’, threatens to seize your state income tax
refunds.
• Letter 1058: This notice is the ‘Notice of Intent to Levy and Notice of Your Right to a
Hearing’.
• IRS will start taking action against you after another 30 days.
Call us at: 631-244-1650
6) You Can Appeal Against the IRS Decision
• Even if IRS initiates a Collection process against you, there is still something that can be
done.
• You can appeal to the IRS if you feel that you have been unfairly targeted.
• It is possible that you have been targeted because of misinformation or a mistake.
• You have the Freedom of Information Request and Appeals Process at your disposal.
Call us at: 631-244-1650
7) When can you appeal to the IRS?
• It is possible you cannot pay your taxes because of genuine financial hardship.
• In genuine cases, you can appeal to the IRS.
• The IRS is not an evil organization.
• If IRS thinks that the taxpayer’s case is genuine, they surely consider an exception.
• You can apply for the ‘Currently Not Collectible’ status in cases of financial hardship.
• Make sure you can prove you can’t pay taxes.
Call us at: 631-244-1650
8) The IRS will check the following information before considering your request:
• Your gross monthly income
• Your allowable monthly expenses
• Your assets that can be liquidated
• Your total IRS back tax liability
Call us at: 631-244-1650
9) How to Avoid IRS Collection Tactics
• To put in a simple sentence, pay your taxes on time and in full.
• If you’re not able to do so, at least let the IRS know by requesting more time
• Qualify as ‘currently not collectible’.
• Providing incorrect or incomplete information to the IRS is dangerous.
• If you receive IRS notices, respond to them in a timely fashion.
• It is highly recommended that you hire a certified tax professional
Call us at: 631-244-1650
10) Bottom Line
• The bottom line is, if you avoid paying your taxes and refuse to communicate
with them, the IRS will come after you.
 Call us at: 631-244-1650
11) Contact Long Island Tax Resolution Services
• Long Island Tax Resolution Services provides expert help in dealing with IRS
Collection Notices
 Visit @ http://goo.gl/tcU5p2
 Follow Us On

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When will irs collection actions be taken against you?

  • 1. What tactics can the IRS use against me to collect taxes? Created By www.longislandtaxresolution.com Call us at: 631-244-1650
  • 2. Call us at: 631-244-1650 1) How serious is the IRS about back taxes? • IRS views unpaid back taxes very seriously. • The IRS is going to come after you to recover everything you owe them. • You might be able to hide for a few months or years without any action from them. • But eventually, the IRS will catch up with you.
  • 3. Call us at: 631-244-1650 2) How and When the IRS Will Initiate Collection Tactics against You • Failure to comply with the IRS rules and regulations will result in dire consequences. • Not paying your tax debts or committing tax fraud are crimes. • IRS uses many collection methods to recover the taxes you owe them. • It can be very damaging to your financial stability, and get progressively worse.
  • 4. Call us at: 631-244-1650 3) IRS Collection Methods Include: • Wage garnishments • Levies • Liens • Property seizure • Cancellation of business license • Closure of business
  • 5. Call us at: 631-244-1650 4) The IRS Collection Process • If you do not pay in full when you file your tax return, you will receive a written notice stating the amount you owe. • The IRS won’t start Collection process without informing you • The IRS sends you a series of notices. • The first IRS letter explains the balance due and demands payment in full. • If you’ve received any of these notices, it’s time for urgent action.
  • 6. Call us at: 631-244-1650 5) The IRS notices are in the following order: • CP-14: The first notice, which begins the IRS collection process and is a bill of unpaid taxes. • CP-501: The second notice that usually arrives after 5 weeks of inaction on your part. • CP-503: The third notice that arrives in another 5 weeks to remind you of your tax debts. • CP-504: The fourth notice called ‘Intent to Levy’, threatens to seize your state income tax refunds. • Letter 1058: This notice is the ‘Notice of Intent to Levy and Notice of Your Right to a Hearing’. • IRS will start taking action against you after another 30 days.
  • 7. Call us at: 631-244-1650 6) You Can Appeal Against the IRS Decision • Even if IRS initiates a Collection process against you, there is still something that can be done. • You can appeal to the IRS if you feel that you have been unfairly targeted. • It is possible that you have been targeted because of misinformation or a mistake. • You have the Freedom of Information Request and Appeals Process at your disposal.
  • 8. Call us at: 631-244-1650 7) When can you appeal to the IRS? • It is possible you cannot pay your taxes because of genuine financial hardship. • In genuine cases, you can appeal to the IRS. • The IRS is not an evil organization. • If IRS thinks that the taxpayer’s case is genuine, they surely consider an exception. • You can apply for the ‘Currently Not Collectible’ status in cases of financial hardship. • Make sure you can prove you can’t pay taxes.
  • 9. Call us at: 631-244-1650 8) The IRS will check the following information before considering your request: • Your gross monthly income • Your allowable monthly expenses • Your assets that can be liquidated • Your total IRS back tax liability
  • 10. Call us at: 631-244-1650 9) How to Avoid IRS Collection Tactics • To put in a simple sentence, pay your taxes on time and in full. • If you’re not able to do so, at least let the IRS know by requesting more time • Qualify as ‘currently not collectible’. • Providing incorrect or incomplete information to the IRS is dangerous. • If you receive IRS notices, respond to them in a timely fashion. • It is highly recommended that you hire a certified tax professional
  • 11. Call us at: 631-244-1650 10) Bottom Line • The bottom line is, if you avoid paying your taxes and refuse to communicate with them, the IRS will come after you.
  • 12.  Call us at: 631-244-1650 11) Contact Long Island Tax Resolution Services • Long Island Tax Resolution Services provides expert help in dealing with IRS Collection Notices  Visit @ http://goo.gl/tcU5p2  Follow Us On