A real story from my life: In the year 1997, I was fresh out of my college with a finance degree and was beating along the pavement for some kind of job. When scanning through the various job lists, I found through an ad at Career Services that there were openings for the post of Revenue Officer at IRS office in New Haven. I thought - hey, I can be a tool of the man. And So I interviewed. They considered I’d be great, but I was told that budget was not allocated to the IRS to hire new persons. So I was sent back again to the pavement to try elsewhere.
I did not understand why they published an ad for a job they don't have and toy with me, but that was the last time I had dealt with IRS world of bureaucratic impossibilities. The pavement led me to law school and my career as an IRS tax resolution lawyer.
But actually, you came up here for the top-five list, so let’s get down to it.
1. Revenue Officials and Revenue Agents are not the same
There exists a distinction between an IRS Revenue Officer and an IRS Revenue Agent. Revenue Officers typically work at the collection office of the IRS. Their role is to collect funds. A Revenue Agent, on the contrary, is someone who is employed by the Internal Revenue Service to audit taxpayers. The one who increases your taxes through an audit will never be the person who be attempting to collect the required taxes from you. If the tax amount you owe is low, a revenue official role is minimal. Your collection case could stay with the centralized Automated Collections System (ACS).
2. Revenue Officers don’t possess rights to arrest an individual
Several believe that revenue officers can arrest a taxpayer, but the truth is they can’t. They do not have the authority to take this process. It's easy to recognize a scam attorney or CPA and steer clear of them, if they tell that they could stop the criminal arrest action from Revenue Officials. These experts, which they call by themselves, don’t even have the basic knowledge about IRS principles. A Revenue Officer has got rights only to make referral to CID and they accept only a fraction of these cases referred.
3. A Revenue Officer does not need a financial qualification for the job
Just a college degree is sufficient to become a Revenue Officer. They just might hold a Bachelor of Science degree and still be qualified. That's why Revenue Officers in the beginning participate in several months of training after which weeks of training on an on- going basis.
4. Revenue Officers possess only limited power
The IRS cannot seize your homes or assets that easily. The reason is that the Revenue and Reform Act of 1998 made it to be very hard to carry out. So what can a Revenue Officer do? Levy the accounts receivable. Lien Property. Garnish pension funds. Levy salary and banking accounts. Subpoena documents. However, if the tax payer conceals their financial particulars or enters into new liabilities, it can infuriate the Revenue Officer’s group manager. As the result, the chance of getting favorable due process rights will become almost zero.
5. Revenue Officers must contact the tax payer in person
People get shocked to see a Revenue Officer appearing all of a sudden to your location or perhaps in a family get together. Could they be jerks? No, they're not jerks and the reason for face to face contact is that as per the IRS guide, the Revenue official has to make the very first contact in person with the taxpayer. Get in touch with the IRS immediately if the Revenue Officer leaves their card at your location or in your car since they leave them when you are not at home during their first visit.
There are two things which typically occur in many of the taxpayer's life. One, they don't be in a position to make payment for installment agreement or they will stop paying tax for the current year altogether. In any event, it indicates default of payments. During these situations, a new Revenue Officer will take charge of your case and furthermore, the taxpayer cannot appeal for the due process legal rights. It doesn't imply that there is no way to reach an agreement, but many times the Revenue Official might not have the total authority to agree a proposal. You might still request for appeal, but the IRS will consider it an equivalent hearing.
No comments:
Post a Comment