IRS Collection Notice
Facing an IRS Collection Notice? We Turn Notices into Peace of Mind.
IRS Collection Notice
RECEIVED A TAX BILL FROM IRS – UNFILED, BACK TAX RETURNS, SETTLEMENTS – FORMER IRS
HAVE tax professionalS WHO KNOW THE SYSTEM TAKE AWAY YOUR WORRY AND STRESS TODAY.
If you have received an IRS Collection Notice or a Tax Bill and need immediate tax help, call us today. Dreis Tax Services has over 28 years of professional tax experience.
We can file back tax returns and settle your case with the IRS.
THE IRS COLLECTION NOTICE PROCESS (TAX BILL NOTICES )
If you do not pay in full your taxes when you file your tax return, the IRS will send you a written collection notice of the amount you owe, a tax bill. This tax bill or collection notice starts the collection process which continues until your account notice is satisfied or until the IRS may no longer legally collect the tax. The IRS collection statute runs for 10 years.
Generally, the IRS will send out a series of 4 tax bills or collection notices.
You must not ignore the last notice, the 1058 notice; if you do, the trouble begins. It is your right to a hearing, and a simple appeal can stop the IRS in their tracks.
Call Dreis Tax Services to find out more. Free tax consults.
The last tax bill or IRS collection notice you will receive is the 1058 or LT11, and action must be taken by the end of the 30-day period, or the IRS will send out a Notice of Wage Garnishment, Notice of Bank Levy, or a Federal Tax Lien.
Before a tax levy or tax lien may be filed, the taxpayer must receive required tax notices. Dreis Tax Services is here to help you navigate these complex issues.
BEFORE PROPERTY CAN BE LEVIED, THE TAXPAYER MUST BE GIVEN A:
- Notice and demand,
- Notice of intent to levy,
- Notice of a right to a Collection Due Process (CDP) hearing.
RECEIVED A TAX BILL FROM IRS – UNFILED, BACK TAX RETURNS, SETTLEMENTS – FORMER IRS
IRS CASE CLOSURES OR TAX SETTLEMENT AGREEMENTS CAN BE IN DIFFERENT FORMS:
- Hardship Settlements. Dreis Tax Services can assist with cases that usually go into a 3-year suspended status due to an inability to pay. This is also called currently noncollectable. Your case may go into a hardship status because you don’t have the income coming in to meet your current expenses. Dreis Tax Services will work with the IRS using the National Standards Program to assess hardship.
- Payment Agreements. Dreis Tax Services can help close cases with agreed-upon monthly installment payments to the IRS. We will review the different programs the IRS uses to negotiate the lowest possible amount required.
- Offer in Compromise. With Dreis Tax Services, you can explore three types of OICs: (Here, you may continue with the specific details of the three types of OICs.)
THE IRS MAY ACCEPT AN OFFER IN COMPROMISE BASED ON THREE GROUNDS:
Doubt as to Collectibility – Dreis Tax Services can help when doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
Doubt as to Liability – Dreis Tax Services can assist if a legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
- the examiner made a mistake interpreting the law,
- the examiner failed to consider the taxpayer’s evidence, or
- the taxpayer has new evidence.
Effective Tax Administration/ Exceptional Circumstances – Dreis Tax Services can explore options when there is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Contact Dreis Tax Services for a no-cost professional tax consultation.
We can file all your back or unfiled tax returns, even if your tax records are lost.
THE TRUST FUND RECOVERY APPEAL
Taxpayers will receive a notice from the IRS regarding being “found liable” for the trust fund recovery penalty. The letter will contain instructions in case there is disagreement with the ruling. There are specific guidelines and factual criteria to follow when appealing for the penalty, as outlined in the letter. The IRS must receive the appeal within the given time frame, as stated in the notice.
Received a Tax Bill from IRS – Unfiled, Back Tax Returns, Settlements – Contact Us for Help!
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