What does being tax compliant mean?
- Filing all required tax returns (Business or Individual) for the years 2001-2006
-Paying your taxes (Business-income,payroll,excise) (Individual-income,payroll,excise)
-Being current on your tax payments (Business -estimated and federal tax deposits) (Individual -estimated taxes)
What does "Due Process"mean? Following legal procedures set forth in the IRS for assessing additional tax liability. Notice (i.e. CP 2000 or an Audit Report) (Form 4549).
*30 Day letter (for to exercise internal appeal rights)
*90 Day letter (for Taxpayer to exercise appeal to the US Tax Court)- Certified Mail!!!!
A Tax Consultant can help you better understand the nuances of the collection process.
Tuesday, December 4, 2007
Tax Compliance
Posted by Anonymous at 3:35 PM
Labels: Collection Process
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