Owing money to the IRS is never a good feeling; the experience is sure to be stressful when the IRS comes after you. In some cases, this means an IRS Revenue Officer to your home or place of business. It is important to know what to expect in this situations so that you can respond in a way that will be best for your case.
When, Where, Why and How?
When an IRS Revenue Officer pays a visit to your home, you can expect the following:
- The initial visit from an IRS Revenue Officer is often unannounced.
- The initial visit often occurs on a Friday.
- The initial visit often happens right before a holiday weekend.
- You are more likely to receive a visit from an IRS Revenue Officer if your case involves your business, employment tax liabilities, you are a repeat offender, or you are a non-filer.
- If you are not home, the Revenue Officer will leave a message requesting that you contact them by a certain date.
- If you fail to comply with the request, the Revenue Officer can summon your attendance at an IRS office.
- Failing to cooperate with the IRS Revenue Officer can allow them to seize your bank accounts, income, retirement accounts, and other receivables. They can also take any equity that you may have in various assets including cars and business equipment.
Dealing with an IRS Revenue Officer is often an intimidating and stressful process. Fortunately, you may not have to attend an actual audit. This is a good thing, because inexperienced taxpayers will often make statements that make their situation worse, rather than better. Instead, you can hire an attorney to attend an audit on your behalf. An experienced attorney will know how best to deal with the IRS in order to find the most favorable resolution for your tax problem. We encourage you to get started learning more about dealing with the IRS by reviewing our free guide, The Ultimate Survival Guide for IRS Problems.