Negotiating directly with revenue officers can cost you!
We hear it all the time, revenue officers contacts a taxpayer or business and ask them for financial information, and the taxpayer hands it over. Once the revenue officers determine how much is available for collection, they issue an immediate bank/asset levy or wage garnishment. When asked why they turned over their financials without hiring a professional to intercede, the answer is always the same. “The revenue officer seemed so nice!” Once your guard is down, they will request revealing and personal financial information, whether it’s bank statements, a profit and loss, balance sheet, or various operating statements. And once they see what you can afford to pay and what your assets are worth, they will begin the process of seizure.
IRS Revenue Officers have the authority to:
- Inspect financial accounts
- Levy bank accounts and seize property
- Contact accounts payable and demand direct repayment
- Close businesses and sell the assets
Asset Seizure Is Avoidable
A lot of taxpayers wonder if hiring representation will anger the revenue officer and make matters worse. The answer is no. Revenue officers are given certain rights to collect the tax owed, and taxpayers are given certain rights to defend themselves. Much like in a court of law, it’s very important to present your case as favorably as possible.
Whats the next step?
The first step towards successful resolution is to acknowledge that your high dollar tax debt will continue to grow and to seek professional assistance. Our firm of tax professionals has helped thousands of individuals and businesses just like you stop forced collections and finally resolve their tax debt.