Law requires the IRS to engage in some form of enforcement action against a taxpayer who has not paid their taxes in a timely manner and who has also failed to contact the IRS to take advantage of any one of several possible solutions. The IRS has several options at their disposal in order to enforce the tax code. They could issue a lien, which is a legal claim to the property. They could issue a Notice of Levy on salary or other income, bank accounts, or property. A levy is the legal right for the IRS to seize property for payment of debts. The IRS may also assess a Trust Fund Recovery Penalty for certain unpaid employment tax, or issue a Summons to the tax payer or third parties to secure information to prepare unfiled tax returns or determine the taxpayer’s ability to pay.
Regardless of whatever enforcement action the IRS may take, letting a tax situation fester is a notoriously poor choice. The IRS generally has a number of potential options available to tax payers, but they generally require taxpayers or their tax attorneys to contact the IRS immediately before penalties and interest can be assessed. A tax attorney in particular communicates the message that the taxpayer is attempting to resolve the tax situation in good faith. Also, a tax attorney can better negotiate the number of options available to a taxpayer such as negotiating more time, a payment plan, an offer in compromise, and more. It is important to have someone who knows the intricacies of tax law and the finer details of the complex IRS bureaucracy.
To see how tax attorneys at Siegel Tax Law can help you contact us at 913-735-4829