IRS Collections are Increasing
June 29, 2022

In January 2020, the IRS announced plans to significantly ramp up enforcement efforts. Then, COVID-19 shut down the country, and the IRS. For well over a year, the IRS, operating at partial capacity, and tasked with helping to issue the millions of economic stimulus payments to the American people, was largely dormant when it comes to collection activities.

But this sleeping giant is waking up.

 

Early in 2021, the IRS announced that they are hiring thousands of new revenue agents and officers over the next few years to gear up for a massive tax enforcement push to expand audits and the collection of back taxes.

The Biden administration pledged $80 million towards IRS enforcement over the next decade. Reports have indicated that in recent months, the IRS began sending out millions of final notices to taxpayers. The floodgates are open, and the IRS is coming after American taxpayers.

IRS enforcement action can include the filing of federal tax liens and levies on wages or bank accounts. They can begin in as little as 30 days after final notices are issued to taxpayers. if you have back tax issues, now more than ever is the time to take action before the IRS comes knocking at your door!

But you don’t have to do it alone! Contact us today and let our local experts work for you, fight the IRS on your behalf, and negotiate the best possible solution to your tax issue.