When working with an IRS Revenue Officer, there are two warning signs that levy action is imminent. The first sign is the IRS Final Notice of Intent to Levy. This notice is required by law (Internal Revenue Code 6331) and provides a 30 day right to stop levy action by filing an administrative appeal. The [...]
Revenue Officers
Resolving your tax debt often involves providing a financial statement to the IRS that discloses what you own, who you owe, what you make, and how much you spend. Your financial disclosures are required to be made on forms designed by the IRS. There are three forms that the IRS uses: The 433A, which you [...]
Meeting with the IRS is a stressful situation, filled with questions about what to expect. If you have to meet with the IRS, a common concern is how to present yourself. Whether you are meeting with an IRS collections officer (Revenue Officer), an auditor (Revenue Agent) or with an appeals officer, it is important to [...]
Unpaid employment tax liabilities results in the highest level of IRS enforcement. The IRS usually assigns its most experienced Revenue Officers to investigate employment tax cases, including pursuing the individuals in the business personally for not paying their employees taxes. If your business owes employment taxes to the IRS, what does this mean to you and [...]
Another great question from a reader on how the bankruptcy code and tax code can intersect when discharging taxes in bankruptcy. Dear Mr. Levy, We owe income tax from 2007. We filed the return on October 15, 2008 with an extension. We filed a collection due process appeal and had a hearing, agreeing to monthly [...]
Here is a practical question from a reader about a concern of everyday living – IRS seizure of your car to pay your tax debt. If I own a free and clear vehicle that is ten years old and has 115k miles on it, and it is worth 4,000. Will it be seized if the [...]
