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Posts Tagged ‘irs audit’

revenue officer

What is a Revenue Officer?

September 04, 2015

Revenue officers are employees of the IRS who collect taxes on behalf of the government. They are also responsible for obtaining tax returns not filed by taxpayers who are required to do so. A revenue officer has the power to issue liens and levies to collect back taxes. If you owe back taxes, a revenue officer is assigned to your case to ensure that an effective and timely resolution to your debt is ...

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irs audit

What Happens During an IRS Audit?

May 16, 2015

The IRS audits a company or an individual to review their tax and financial information and ensure that they are compliant with tax laws. Most taxpayers fear an audit. Statistically, however, only 1% of individual taxpayers are audited each year. In many cases, the IRS only asks for information through mail to see if it matches their record. Tax Audit Selection Method The method of selecting taxpayers for a tax audit involves: Random selection based ...

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enrolled agent

What is an Enrolled Agent?

October 15, 2014

It's often a good idea for those facing an IRS tax debt to seek professional assistance. Many imagine this means a powerful tax attorney or a high-level accountant. Not everyone with a tax issue considers using an enrolled agent; many people have never even heard of one before. An enrolled agent is often the best tax professional to work with regarding IRS problems. Many tax firms are eager to hire enrolled agents because they have ...

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