The IRS collections process begins with a letter to you explaining the amount you owe, along with a demand for payment in full. The process will continue with added penalties and interest along the way, until the bill is paid in full or until the IRS may no longer legally collect the tax.
While the reality may be that this is an incorrect amount, or you may not even owe the IRS additional taxes, not taking action could result in tax liens, levies or even wage garnishment.
What Are My Options? Can I Make Payments?
Your payment options include, but are not limited to, paying the amount in full, agreeing to make an installment payment plan, offer in compromise, filing to temporarily delay collection, claiming an uncollectible status or filing for bankruptcy.
Naperville area accountants, financial planners and other lawyers frequently recommend our firm for their clients in need of qualified representation for IRS collections. Call 815-534-4402, toll free at 800-465-6208.
What Are My Rights As A Tax Payer?
You have the right to appeal decisions made by the Illinois Department of Revenue and the IRS by requesting a review or taking the matter to court. Additionally, you have a right to:
- Be informed
- Quality service
- Pay no more than the correct amount of tax
- Challenge the IRS’ position and be heard
- A fair and just tax system
- Retain an attorney
What If My Appeal Has To Go To Court?
As a taxpayer, you are entitled to a fair and impartial administrative appeal of most IRS decisions, including many penalties. This includes taking your case to tax court if necessary.
At Demetrius J. Karos, Ltd., our experienced representation works with you to present the facts and circumstances affecting your tax liabilities, ability to pay or ability to provide information to the IRS. Contact our firm to resolve your tax issue properly.