This time of year, the IRS steps up its efforts to collect unpaid taxes from delinquent taxpayers. This includes businesses that owe employment taxes. The IRS treats this type of debt with special importance. In order to put forth its best efforts to collect the unpaid employment taxes, the IRS will often assign a Revenue Officer to the case. Revenue Officers are the highest level of collection personnel within the agency. In many cases, the first contact you may have with the IRS when dealing with unpaid employment taxes is a visit by the Revenue Officer to your place of business.
What an IRS Revenue Officer Will Leave When He Visits Your Office
When the IRS Revenue Officer shows up at your office, he or she will likely leave you with three things. These items may include the following:
- The business card of the IRS Revenue Officer
- A Form 9297, Summary of Taxpayer Contact
- A Letter 1058, Final Notice of Intent to Levy and Notice of Your Right to a Hearing
It is crucial for taxpayers who owe unpaid employment taxes to recognize the importance of this visit. In addition to attempting to collect the unpaid employment taxes, the Revenue Officer will also likely begin an investigation into the overall operations of your business. This investigation will center on the control of your company’s finances. This type of investigation is also known as a trust fund recovery penalty investigation.
Taxpayers who owe unpaid employment taxes should consult with an experienced attorney as soon as possible. We are here to help. Learn more about the experiences of our previous clients by checking out our client testimonials today.