Collection Process

Those who owe back taxes with the IRS are not considered compliant and can be considered as having a serious irs tax problem.If a payment plan such as an Installent Agreement (full or partial pay) is not met, then a levy or tax lien can be placed on the account.There are several notices sent, in the following order i.e. CP 501,503,504,L1058. In defense of the IRS, taxpayers have a considerable amount of time where they can attempt to find a resolution for their delinquent tax problems. Therefore taxpayer's should not be surprised when wage or bank levies are enforced ! The IRS has to take action at some point, or taxpayer's will abuse the governments genorosity. If a lien is placed upon your account and a Revenue Agent examin's your account, where he finds dissipatee assest; you have to report this to the IRS immediately. Hiding assessts is not favorable upon the IRS.
If you have experieced this enforced action, or you are just in question on how to get immediate action from a group of trained tax consultants...act now !

Tax Compliance

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.