December 19, 2019
The Internal Revenue Service (IRS) is one of the most feared government agencies, and rightly so. If you’ve ever received a notice from the IRS, it is quite alarming. Unfortunately, you’re not alone: 14 Million taxpayers owe the IRS, $458 Billion in taxes owed to the IRS & 7.5 Million taxpayers have unfiled returns.
Here’s an article on how to prepare for dealing with the IRS that shares advice from several industry experts, myself included. The most important thing to remember: DO SOMETHING! I know that the process is terrifying, intimidating, overwhelming, embarrassing, and the list goes on and on. But the problem will not go away and will surely continue to get worse. Don’t ignore the IRS and if you’re not comfortable, I would recommend that you seek out the help of a professional (even if it’s not me). Using a professional could literally save you thousands of dollars, that’s right, I said thousands!
The IRS has recently been approved for an increased budget to handle collection activities. The kinder and gentler days for the IRS are now a thing of the past. The IRS is notorious for trampling on taxpayer’s rights when enforcement activity ramps up and I’m already seeing the impact. While attending a conference in Las Vegas in October 2019, I was able to have lunch with Darren Guillot, the Deputy Commissioner for Collection and Operations Support in the Small Business/Self-Employed Division (SB/SE). He confirmed that Arkansas was part of the IRS ROCS program. ROCS means: revenue officer compliance sweep. There are several regions throughout the United States that have been selected for the ROCS program. This is not good for taxpayers, especially business owners. The IRS is making a list and checking it twice, literally
Contact my office (501-725-2626) or schedule a free consultation if you have unfiled tax returns or owe the IRS and can’t pay. Don’t wait until your wages are garnished or your bank account has been cleaned out. Complete our tax relief assessment to get started.
Hang in there, Alissa