Defend yourself against IRS Collections
- Are you sure that the collection statute of limitation is not expired? Unfortunately, the IRS is often wrong on this.
- Can you make out a case that the collection is causing hardship? Then, request a Taxpayer Assistance Order.
- Determine whether an injunction precluding collection is available.
- Enter into an installment agreement
- File a petition for bankruptcy
- Is innocent spouse relief available to you?
- Make an offer in compromise.
- Request an audit reconsideration or a new audit.
- Was the tax accurately assessed?
For most taxpayers, a tax deficiency or even an envelope from the IRS feels like a death notice. Call a tax professional to advocate for you when the IRS calls, and they will provide financial and tax solutions to relieve your pain.
Readers should note that this article is only intended to convey general information on these issues and that FAS CPA & Consultants (FAS) in no way intended for the contents of this article to be construed as accounting, business, financial, investment, legal, tax, or other professional advice or services. This article cannot serve as a substitute for such professional services or advice. Any decision or action that may affect the reader’s business should not rely solely on the contents of this article, but should rather be consulted on with a qualified professional adviser. FAS shall not be responsible for any loss sustained by any person who relies on this presentation. This article is subject to change at any time and for any reason.
Fulton is a wonderful CPA who fully understands tax law and provides honest advice for his clients.