Wednesday, January 7, 2009

I Have a Revenue Officer-What Now?

If you have been contacted by an IRS Revenue Officer, now would be a good time to call an Enrolled Agent. We help clients every day whose tax debt has put them with an RO.

Contacting an Enrolled Agent does not mean you will never have to meet with your RO, but even if you do, at least you have someone who can help you prior to, sometimes during and after your meeting. In some instances an RO will Summons you for an appearance and you will be required to go meet with them. Other times they request to meet with you for information and may agree to cancel the meeting if you have someone representing you who will help them get the information they need. Whatever you do, do not ignore an appearance before an RO. Do not skip a meeting.

It is important to be sure to comply with all requests or Summons the RO issues. Not working with the RO towards repaying your tax debt will be sure to tell the RO you are not interested in taking care of your debt and will cause them to issue levies and liens. They can clean out your bank account, levy your wages and issue a lien on all property which is a matter of public record and will hurt your credit. If you owe over 25,000 a lien will be filed no matter what you do. If you owe under that, a lien may or may not be filed.

If you have unfiled tax returns, the RO with require that you file all necessary returns prior to putting you into any type of payment plan. You will be required to complete a 433A Collection Information Statement.

Your attitude towards the RO and your willingness to cooperate goes along way in showing the RO you are willing to take care of your debt. Most ROs are more willing to work with you towards a reasonable resolution if you show you are going to cooperate with the process.

While you can take care of this yourself, you may find that the services of an Enrolled Agent will relieve you of the stress of handling things yourself. If you find you need assistance, contact Effectur for your peace of mind.

No comments:

Post a Comment