Here Comes the IRS!
Well hello! We focus on resolving tax issues in Eastern Prince William County and throughout the lower Northern Virginia area.
We have it on good authority (from a past chair of the American Bar Association Tax Section’s Subcommittees and a Fellow of the American College of Tax Counsel) that the IRS is set to step up its enforcement efforts back to pre-pandemic levels, and maybe even increase the intensity. Apparently, conversations during one-on-one meetings with the IRS Commissioner of the Small Business/Self-Employed Division on the sidelines of each ABA Tax Meeting, those in the know are being told of what’s set to start to occur.
Commissioner Amalia Colbert and Deputy Commissioner Darren Guillot have updated them on the status of IRS Enforcement and when the deluge of enforcement notices will begin again since being paused during the pandemic.
What they’ve divulged is thus:
- The backlog of mail is now caught up, and so the fear of sending notices to people whose mailed in responses/payments had not been opened is past;
- The CP-14 Notices (Balance Due) that have been paused will go out at the end of May to roughly 8 million taxpayers;
- The Taxpayers who owed balances before and are due for enforcement action will probably first receive a refresh notice to remind them of the balance due in the hopes that they and/or their representative will contact the IRS and deal with them before levy action is taken;
- The enforcement notices will be sent out in waves to avoid overwhelming the Collection Phone Lines, The Office of Appeals, and the Taxpayer Advocate, all of which will see their phone lines light-up when taxpayers start scrambling when they open the mail.
We have been waiting for this tidal wave of IRS rep work to start, and it seems things will be gearing up around Memorial Day.
We think now would be a great time to make plans to get your back taxes prepared and filed, and if you know you have back balances, there might not be a better time to proactively contact the IRS and work on the issue, while you are not under threat of levy.
If ever you’re feeling overburdened by your tax situation or you’d rather be doing something else with your time, just remember we’re here to help you with all of your tax preparation, resolution/representation needs. Now and in the future. Don’t put off addressing your tax situation. Feel free to contact us or message us with any questions you may have in approaching your specific tax scenario.