An IRS collection agent throws a word or phrase your way, and you have no idea what he is talking about. He is speaking in the language of IRS and as they say, it is...
Read PostCategory: Automated Collection Service, Collection Financial Standards, Currently Not Collectible, Form 433A, Form 433B, IRS Financial Statements, Offer in compromise, Revenue Officers, Statute of limitations on collections
When the IRS levies your wages or accounts, it is usually to get your attention. There is something the IRS wants that you have not provided – it could be a financial statement, estimated tax...
Read PostCategory: Automated Collection Service, Economic hardship and the IRS, IRS Appeals, IRS Financial Statements, Tax Court, Unfiled returns
For taxpayers seeking to contact the IRS on their own, what follows is a reason not to go at it alone but through a tax professional. Professionals can access the IRS Automated Collection Service by first...
Read PostCategory: Automated Collection Service, IRS Collection Problems
The Government Accountability Office (GAO) has outlined the costs to the IRS collection function in implementing President Bush’s Economic Stimulus Refunds. Of the roughly 2,000 employees in the IRS Automated Collection Service, the GAO report stated that approximately...
Read PostCategory: Automated Collection Service
