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video-blog

What Is the IRS Collections Process?

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People not paying their taxes is a very serious issue for the IRS. It’s something that we as taxpayers call the tax gap. The IRS collection process is an increasingly serious step of collection measures designed to get people in compliance and make sure they stay in compliance. One of the reasons people complain about penalties and interest so often is they’re a deterrent that the IRS uses to make sure that you don’t owe money on your taxes. When you see liabilities rise by 25, 30, 40 % or even higher, it’s going to make you think twice about not paying your taxes, but the IRS doesn’t just issue penalties and interest.

Key Takeaways

  • People not paying their taxes is a very serious issue for the IRS. It’s something that we as taxpayers call the tax gap.
  • The IRS starts by taking increasingly serious actions such as garnishing your wages, levying your bank accounts, putting liens against your property and a whole host of other measures designed to force you back into compliance.

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What Are my Options If I Owe More Money Than I Can Pay to the Government?

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So assuming that you can’t full pay your liability, you have a couple of different choices. First if you only need a temporary solution, you can request the IRS give you up to a hundred and twenty day extension to pay your taxes. The IRS will usually do so with little fuss. If you need more than that, the IRS is going to mandate that you get on a payment plan:

Key Takeaways

  • So assuming that you can’t full pay your liability, you have a couple of different choices. First if you only need a temporary solution, you can request the IRS give you up to a hundred and twenty day extension to pay your taxes.
  • what we call an installment agreement. The IRS is going to want to see measurable progress towards paying off your liabilities based on your financial circumstances and the amount that you owe.

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What Do I Do If I Have Not Filed Taxes in Multiple Years?

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So the first thing that we do when we have a client who comes in as a non-filer and may be a few years behind on their taxes is we do what we call an analysis. We go to the IRS, we get copies of their entire file and we go through the client’s wage, income and account history to determine what income they had in what years, at least what the IRS has on file, and what we’re seeing in their account to determine whether or not they have any liability associated with that. From there we recommend and outline a plan of action for the client. A common misconception is that non-filers have is that you haven’t filed multiple years of tax returns, so you have to go through and file every single tax return for every single year. That’s simply not the case, so one of the reasons we do the analysis is to determine exactly what years the taxpayer has to file for, exactly what type of income that they’re looking at. The next thing we do is we get all that information in an easily readable form over to the client’s CPA so that they can prepare the returns that are needed to solve the issue. Once those returns get prepared, signed and filed with the IRS, eventually, about six weeks after processing,

Key Takeaways

  • So the first thing that we do when we have a client who comes in as a non-filer and may be a few years behind on their taxes is we do what we call an analysis.
  • the client will start receiving bills and then once we understand how much the client owes with penalties and interest, we can start putting a collection resolution in place with the IRS.

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How Much Is it Going to Cost for Brotman Law to Defend Me in the IRS Collection Process?

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In the IRS collection process, there’s a lot of answers to that and obviously my answer in terms of cost is going to be very fact dependent on how much you owe the IRS and what the situation is and whether or not you have a local agent chasing you and so on and, so forth. But I’ll generally say this. It’s situations where we can get our head around the issue, just pretty much every one of them and we formulate a plan in place, the steps to resolve that plan are usually not that bad. Resolving IRS collections is pretty straightforward because the IRS uses a formula for resolving collections matters in terms of what they’ll accept or not accept. If you understand that formula you can understand where the cracks are and you can navigate around it to the benefit of the client but the reality of the situation is, as I usually tell my clients, how much do you want to pay the IRS and how much could you pay them if you absolutely had to? So between those two numbers we usually get a range and the more reasonable

Key Takeaways

  • the client is willing to be with the IRS, and some are not willing to be reasonable, but the more reasonable it is, generally speaking, the closer and lower cost it will be to deal with the issue.
  • I like to take the position that IRS collection cases are a marathon and not a sprint so the idea is I need to be actively working with my clients to conserve their resources to make sure that we’re doing the best we can to get them over the finish line.

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Generally, What Is Brotman Law’s Strategy in IRS Collection Cases?

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Key Takeaways

  • Topic: Generally, What Is Brotman Law’s Strategy in IRS Collection Cases?
  • Generally, what I tell my clients is “throw whatever the IRS wants out the window and let us focus on you and your situation.
  • There is a certain amount that you are going to need to provide for yourself, to provide for your family, and to live the life that you’re accustomed to living.

Generally, what I tell my clients is “throw whatever the IRS wants out the window and let us focus on you and your situation. There is a certain amount that you are going to need to provide for yourself, to provide for your family, and to live the life that you’re accustomed to living. And once we figure out a way to sustain that or sustain that as much as reasonably possible, then we can worry about massaging the IRS into the equation. Ultimately, IRS Collection cases come down to two basic decisions.

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Why Should I Hire Brotman Law to Defend Me in My IRS Collections Matter?

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The first reason I would give you is leadership. We have a lot of experience in dealing with the IRS, anything from a small payment plan to a complicated revenue officer matter with millions and millions of dollars in liability. We handle all aspects of collections, I am going through the offer and compromise process to negotiating an appeals to doing collections you process appeals, to even dragging things in the tax court when we have to. The fact of the matter is because of our range of experience we know the playing field and because we know the playing field we know how to protect our clients. Our firm takes a very client focused approach first. I understand that you need to provide for you and your family.

Key Takeaways

  • The first reason I would give you is leadership. We have a lot of experience in dealing with the IRS, anything from a small payment plan to a complicated revenue officer matter with millions and millions of dollars in liability.
  • I understand that you have basic needs. I understand that you are not willing to sacrifice the needs of your children in order to placate the government.

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Brotman Law Featured in Inc. Magazine - Fastest Growing Law Firm in California