FAQ & FORMS
Summary of the IRS Collection Process
1) Assessment of the Tax Liability
Assessment of the tax liability, usually occurrs after filing your tax return with a balance owing. An assessment can also occur if you do not file a return and the tax authority files what it refers to as a ‘substitute for return’ using income information available to file a return on your behalf. Assessment can also occur after an audit, when the tax authority determines that additional tax is owed. Be proactive, call our TAX HELP HOTLINE NOW! 1-855-420-8280.
2) Tax Authorities Send Notices
After assessment, as part of the collection process tax authorities send notices, typically form notices, requesting payment of the tax liability.
3) Tax Authorities File Tax Lien
If notices sent do not result in the taxpayer remitting the tax liability owed, taxing authorities, depending upon the dollar amount owed and/or whether the taxpayer has other delinquent tax liabilities, would likely file a tax lien (filed at the local level and/or Office of the Secretary of State where the taxpayer resides). The filing of the tax lien is notice to the public that the taxing authority claims a lien or interest in your assets. Tax liens generally affect your ownership of real estate most, although technically the filing of the tax lien is a lien against all of your assets.
4) Tax Help Should Be Sought
The filing of a lien is an indicator that the tax collection process is being accelerated. Tax Help should be sought – call our tax help hotline now: 1-855-420-8280.
5) Final Notice of Intent to Levy Sent
With regards to the IRS (as most tax liabilities are to the IRS), as part of its collection processes it will send what is referred to as FINAL NOTICE OF INTENT TO LEVY. The mailing of this notice is significant, because once mailed the taxpayer has 30 days in which to file an appeal contesting immediate levy (wage garnishment or attachment of assets, including bank account levy/attachment). This notice should not be ignored. Some would say that filing an appeal should be considered; but we at DFGTAX believe that an appeal must be filed. If you have received a FINAL NOTICE OF INTENT TO LEVY – call our tax help hotline now: (phone number).
6) Appeal or Resolution
If an appeal is NOT FILED or if resolution with the tax authority is not secured during the 30 days after the mailing of the FINAL NOTICE OF INTENT TO LEVY, the taxpayer is subject to immediate levy without further notice.
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Power of Attorney and Authorization
Collection Information Systems
Form 433A – Collection Information Statement for Wage Earners & Self-Employed Individuals
Form 433B – Collection Information Statement for Businesses
Form 433F – Collection Information Statement
Form 433A (OIC) – Collection Information Statement for Wage Earners & Self-Employed Individuals (Offer in Compromise)
Form 433B (OIC) – Collection Information Statement for Businesses (Offer in Compromise)
Form 1040 – Individual Income Tax Return
Form 1065 – U.S. Return of Partnership Income
Form 1120 – U.S. Corporation Income Tax Return
Form 990 – Return of Organization Exempt From Income Tax
Form 941 – Employer’s Quarterly Federal Tax Return
Form 940 – Employer’s Annual Federal Unemployment (FUTA) Tax Return
Extension to File
Form 4868 – Application for Automatic Extension of Time To File U.S. Individual Income Tax Return
Form 7004 – Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns
Form 843 – Claim for Refund and Request for Abatement
Form SS-4 – Application for Employer Identification Number
Form 4506 – Request for Copy of Tax Return
Form 656 – Offer in Compromise
Form 8379 – Injured Spouse Allocation
Form 8857 – Request for Innocent Spouse Relief
Form 1040-ES – Estimated Tax for Individuals