An unexpected visitor is not always a pleasant surprise. This is especially true when the unexpected visitor in question is a representative from the Internal Revenue Service. Unfortunately, taxpayers who owe unpaid tax debt to the IRS may find themselves facing a visit to their home or business from an IRS revenue officer. During the visit, the revenue officer will attempt to analyze your lifestyle and discover the best way to collect the taxes you owe. As part of this process, you will likely receive a Form 9297, also known as a Summary of Taxpayer Contact.
Important Facts About a Summary of Taxpayer Contact
The Summary of Taxpayer Contact is an important document that should not be ignored. The following are important things to know about this form:
- The form will contain either Form 433-A for individuals or Form 4330B for businesses. These forms are used to identify your income and assets. They also aim to create a summary of your overall financial health.
- The form will contain a list of documents and information the IRS is requesting.
- The form will include deadlines for when it must receive such information.
- Failing to comply with the request for documents contained in the form could result in a summons being issued for that information and could also result in wage garnishments or bank levies.
- If you cannot comply with the requests contained in the form by the deadlines set, it is important to have your attorney contact the IRS revenue officer in order to discuss an extension. Your attorney may also consult with the revenue officer to discuss the merits of the request.
When dealing with contact from an IRS revenue officer, it is important to have a knowledgeable attorney in your corner. It is equally important to arm yourself with as much knowledge as possible as you begin the process of resolving your debt. We encourage you to get started by reviewing our free guide, The Ultimate Survival Guide for IRS Problems.