If you owe the IRS money and are dealing with an IRS Revenue Officer, or even IRS Automated Collection Service, expect deadlines. Deadlines to provide financial information, deadlines to provide unfiled returns, and deadlines for a plan for account resolution.
These deadlines are serious – failure to timely comply is usually reason enough for the IRS to send a levy to your employer, your bank, or your customers.
But what if you run into trouble meeting an IRS collections deadline?
Fear not – here are seven solutions to an impending deadline with IRS collections that you may not be able to meet:
1. Good communication is essential. An IRS Revenue Officer wants to hear from you. Do not let a deadline pass without a call in advance to ask for more time. Briefly explain the effort you have made to comply, and that you would like a little more time. Most Revenue Officers will be reasonable and readily provide more time if you they believe you are making effort. Remember, the Revenue Officer is doing a job – show him that you respect it.
2. If the Revenue Officer gives you a deadline that you know you will not be able to meet, let him know then that you anticipate not being able to meet it on the front end, but you will call him on set dates to give your progress. When you call, let him know what steps you have taken, and your progress, and set a follow-up date. Don’t expect months between calls; this may be an every 7-10 day process. Continue staying in contact and providing information and updates.