IRS DEBT AND IRS COLLECTION FAQ - ARIZONA

  • IF I OWE, CAN THE IRS TAKE MY INCOME AND ASSETS?

    THE IRS CAN LEVY ACCOUNTS, GARNISH WAGES, AND SIEZE OTHER ASSETS, IF YOU HAVE IRS DEBT, AND IT HAS FOLLOWED SOME REQUIRED STEPS.

  • CAN THE IRS STOP ME FROM TRAVELING?

    THE IRS WILL TELL THE U.S. STATE DEPARTMENT ABOUT YOUR DEBT. THE STATE DEPARTMENT CAN CHOOSE TO DENY OR NOT RENEW A PASSPORT.

  • HOW DO I PREVENT IRS COLLECTION?

    IF YOU OWE THE IRS OR WILL OWE THE IRS, THERE ARE SOME SPECIFIC STEPS YOU NEED TO TAKE TO ENSURE NO ENFORCED COLLECTION TAKES PLACE.

  • HOW DO I STOP IRS COLLECTION ONCE IT'S BEGUN?

    IF THE IRS IS CURRENTLY LEVYING YOUR ASSETS OR GARNISHING YOUR WAGES, THERE ARE SPECIFIC STEPS THAT CAN BE TAKEN TO STOP IT.

  • WHAT IS THE IRS "FRESH START INITIATIVE"?

    IN 2011 AND 2012, THE IRS MADE SEVERAL CHANGES RELATED TO COLLECTION , LIEN, AND OTHER ISSUES, THAT MADE IT EASIER FOR TAXPAYERS WITH IRS DEBT.

  • IS THERE A TIME-LIMIT ON IRS COLLECTION ABILITY?

    THE LAW PLACES A DEADLINE TO COLLECT ON THE IRS. THE DEADLINE IS TYPICALLY CALLED THE “IRS COLLECTION STATUTE EXPIRATION DATE”. iT CAN BE MORE COMPLEX THAN IT SOUNDS.

  • WHAT ARE MY IRS TAX DEBT OPTIONS?

    IRS DEBT CAN BE PAID IN FULL, SETTLED, CHALLENGED, OR DISCHARGED IN BANKRUPTCY. THE WAY YOU DEAL WITH IT WILL DEPEND ON YOUR FINANCIAL SITUATION, IRS HISTORY, AND PERSONAL GOALS.

  • HOW CAN I GET IRS HISTORY DOCUMENTS?

    THE IRS KEEPS A HISTORY OF EACH TAX YEAR. THESE HISTORIES CONTAIN A LOT OF INFORMATION THAT CAN BE VERY HELPFUL IN DETERMINING HOW TO DEAL WITH THE DEBT.

  • HOW DO I DETERMINE THE BEST TAX DEBT OPTION?

    IN MOST IRS DEBT SITUATIONS, THE BEST PATH TO TAKE ISN'T OBVIOUS. DETAILED REVIEW OF YOUR FINANCIALS, IRS HISTORY, AND DEBT AMOUNTS, ARE USUALLY REQUIRED TO MAKE THE DETERMINATION.

  • WHAT ARE THE PROS AND CONS OF USING IRS NON-COLLECTIBLE STATUS?

    LIKE MOST THINGS IN LIFE, THERE ARE PROS AND THERE ARE CONS. WHEN DEALING WITH THE IRS, PROS AND CONS NEED TO BE UNDERSTOOD BEFORE MOVING FORWARD.

  • WHAT ARE THE STEPS TO BE PLACED ON IRS NON-COLLECTIBLE STATUS?

    AS A SHORT TERM SOLUTION, OR IF YOUR DEBT IS CLOSE TO IT'S COLLECTION STATUTE EXPIRATION DATE, IRS NON-COLLECTIBLE STATUS CAN BE VERY USEFUL.

  • WHAT ARE THE PROS AND CONS OF USING AN "ABILITY TO PAY" PAYMENT PLAN?

    A PARTIAL PAY PAYMENT PLAN BASED ON ABILITY TO PAY, SUCCESSFULLY SET UP WITH THE IRS MEANS THAT THE IRS AGREES THAT YOU CAN'T AFFORD TO PAY THE DEBT IN FULL OVER TIME.

  • WHAT ARE THE STEPS NECESSARY TO SET UP AN IRS "ABILITY TO PAY" PAYMENT PLAN?

    AN IRS PARTIAL PAY PAYMENT PLAN BASED ON ABILITY TO PAY, IS A COMMON WAY TO DEAL WITH IRS DEBT. SOME “ANALYSIS” IS NECESSARY, AND THEN SOME SPECIFIC STEPS.

  • WHAT ARE THE STEPS TO SET UP STREAMLINED INSTALLMENT AGREEMENT WITH THE IRS?

    ANYONE CAN FOLLOW THE STEPS NECESSARY TO SET UP A “STREAMLINED” INSTALLMENT AGREEMENT WITH THE IRS. BUT…SHOULD YOU?

  • WHAT ARE THE PROS AND CONS OF USING A FULL PAY IRS PAYMENT PLAN?

    PAYING THE IRS DEBT IN FULL OVER TIME DOESN'T SOUND LIKE A GREAT PLAN. SOMETIMES, IT'S THE ONLY OPTION, AND IT DOES HAVE IT'S “PROS” AS WELL AS CONS.

  • WHAT ARE THE STEPS NECESSARY TO SET UP AN IRS "NON-STREAMLINED" FULL PAY PAYMENT PLAN?

    THERE ARE SEVERAL WAYS TO PAY IRS DEBT IN FULL. THE FIRST STEP IN SETTING UP ONE OF THEM IS DETERMINING WHETHER YOU SHOULD. THE REMAINING STEPS ARE STRAIGHTFORWARD.

  • CAN I USE AN IRS PAYMENT PLAN TO REMOVE OR PREVENTAN IRS LIEN NOTICE RECORDING?

    CERTAIN TAX DEBT AMOUNTS RESULT IN IRS LIEN NOTICE RECORDINGS. THERE ARE RULES THAT CAN BE FOLLOWED TO PREVENT IT AND RULES THAT CAN BE FOLLOWED TO UNDO IT.

  • SHOULD I LOOK AT OTHER IRS DEBT OPTIONS BEFORE SETTING UP A FULL PAY IRS PAYMENT PLAN?

    PROBABLY. SOMETIMES THERE ARE WAYS TO REDUCE IRS DEBT, AND/OR PAY LESS PER MONTH. UNTIL YOU'VE HAD YOUR FINANCIAL SITUATION REVIEWED AND IRS HISTORY ANALYZED, YOU MAY NOT KNOW WHAT THOSE OPTIONS ARE.

  • WHY IS THE IRS' "ABILITY TO PAY" AGREEMENT UNIQUE?

    THE IRS' “ABILITY TOP PAY” INSTALLMENT AGREEMENT IS SOMETIMES CALLED A “POOR MAN'S OFFER IN COMPROMISE”.

  • WILL A PAYMENT PLAN STOP IRS COLLECTION?

    MOST ARRANGEMENTS MADE WITH THE IRS HAVE THE SIDE-BENEFIT OF STOPPING IRS COLLECTION ACTIVITY. BUT…IT'S BETTER TO PLAN AHEAD AND AVOID IT ALTOGETHER.

  • WHEN SHOULD I REQUEST AN EXTENSION TO FULL PAY WITH THE IRS AND HOW DO I DO IT?

    WHEN THE IRS IS POSITIONED TO LEVY, GARNISH, SEIZE ETC. A REQUEST FOR TIME TO PAY IN FULL CAN BE USED TO STOP IT FROM HAPPENING. THERE ARE SOME CAVEATS HOWEVER.

  • HOW DO I QUALIFY FOR AN OFFER IN COMPROMISE BASED ON AN INABILITY TO PAY?

    THE IRS DOES SETTLE DEBTS, BUT IT DOESN'T SETTLE THEM INFORMALLY. IT'S REQUIRED TO APPLY A SET OF RULES THAT DETERMINE YOUR ABILITY TO PAY THE DEBT IN FULL….OR NOT. IT'S IMPORTANT TO UNDERSTAND THIS, AND WHAT THOSE RULES ARE BEFORE GIVING IT A GO.

  • WHAT IS "REASONABLE COLLECTION POTENTIAL" FOR AN IRS OFFER IN COMPROMISE?

    THE IRS OFFER IN COMPROIMISE AMOUNT IS BASED ON A FORMULA. THE PROCESS ISN'T “INFORMAL”. THE FORMULA IS USED TO DETERMINE HOW MUCH YOU CAN AFFORD TO PAY ON THE DEBT.

  • HOW DOES THE IRS COLLECTION STATUTE EXPIRATION DATE EFFECT MY ABILITY TO RESOLVE IRS DEBT?

    THE IRS COLLECTION STATUTE EXPIRATION DATE IS RELEVANT TO EVERY IRS DEBT COLLECTION ALTERNATIVE. UNDERSTANDING HOW IT EFFECTS EACH ONE IS IMPORTANT BEFORE SETTING OFF.

  • CAN THE IRS COLLECTION STATUTE EXPIRATION DATE CHANGE?

    YES, THE IRS COLLECTION STATUTE EXPIRATION DATE CAN CHANGE AND USUALLY NOT TO YOUR BENEFIT. HERE ARE A LIST OF THINGS THAT CAN CHANGE IT.

  • SHOULD I ASK THE IRS TO FORGIVE A PENALTY AND IF SO, HOW?

    REMOVING IRS PENALTIES ONLY MAKES SENSE IN A FEW SPECIFIC INSTANCES. THIS MAY BE CONTRARY TO POPULAR THOUGHT, BUT FOR MANY WITH IRS DEBT IT'S A WASTE OF TIME.

  • TAX DEBT AND BANKRUPTCY. WHAT DO I NEED TO UNDERSTAND?

    YES. SOMETIMES IT MAKES SENSE TO USE BANKRUPTCY TO DEAL WITH TAX DEBT. THERE ARE A FEW SCENARIOS THAT MAKE BANKRUPTCY WORTH CONSIDERING.

  • WHAT ARE THE IRS INNOCENT SPOUSE REQUIREMENTS?

    IRS DEBT OTHER SPOUSE'S FAULT? IT MAY BE POSSIBLE TO CONVINCE THE IRS TO TREAT YOU AS “INNOCENT” AND REMOVE YOU FROM LIABILITY STATUS.

  • HOW DO I REQUEST IRS INNOCENT SPOUSE RELIEF?

    INNOCENT SPOUSE RELIEF ISN'T EASY TO OBTAIN. THE FIRST HURDLE IS UNDERSTANDING THE THE REQUIREMENTS. THE SECOND IS UNDERSTANDING THE STEPS NECESSARY TO MAKE IT HAPPEN.

  • SHOULD I CHALLENGE AN IRS SUBSTITUTE RETURN?

    THE IRS SUBSTITUTE RETURN MAY NOT BE CORRECTLY DONE. YOUR RETURN, IF IT'S ACCEPTED, WILL REDUCE YOUR TAX DEBT. BUT…WILL IT MAKE SENSE TO TRY AND REPLACE THEIR RETURN WITH YOUR RETURN?

  • WILL A MISSING RETURN RUIN THE IRS DEAL?

    IF A TAX RETURN IS MISSING FROM YOUR HISTORY, AND YOU ARE TRYING TO RESOLVE TAX DEBT WITH THE IRS, THE MISSING RETURN WILL PREVENT THE RESOLUTION.

  • WILL NEW IRS DEBT RUIN AN IRS DEAL?

    IF YOU'VE ALREADY REACHED AN AGREEMENT WITH THE IRS, NEW IRS DEBT CAN RUIN IT. CARE MUST BE TAKEN TO ENSURE ENOUGH IS BEING WITHHELD TO AVOID NEW DEBT.

  • HOW LONG DOES IT TAKE TO FINALIZE AN AGREEMENT WITH THE IRS?

    THERE ARE A NUMBER OF DIFFERENT WAYS TO “RESOLVE” A TAX DEBT WITH THE IRS. EACH ONE HAS IT'S OWN UNIQUE PROCESS AND TIMEFRAME.

  • WHAT SHOULD I DO IF I DEFAULTED ON MY IRS AGREEMENT?

    YOU REACHED AN AGREEMENT WITH THE IRS, BUT YOU HIT A SHORT “BAD PATCH” AND MISSED A FEW PAYMENTS. WHAT NOW?

  • IRS AUTOMATED COLLECTIONS VS. IRS REVENUE OFFICER?

    IT MAY BE IMPORTANT TO UNDERTSTAND THE DIFFERENCES BETWEEN WORKING WITH IRS AUTOMATED COLLECTIONS AND AN IRS REVENUE OFFICER…

  • WHAT IF MY IRS DEBT IS BEING HANDLED BY A PRIVATE COLLECTION AGENCY?

    THE IRS USES PRIVATE COLLECTION TO TRY AND FOLLOW UP ON CERTAIN TAX DEBT. THIS MAY PLAY TO YOUR BENEFIT.

  • WHAT ARE IRS COLLECTION FINANCIAL STANDARDS AND WHY ARE THEY IMPORTANT?

    YOUR BUDGET ISN'T REALLY YOUR BUDGET FOR PURPOSES OF FINALIZING AN AGREEMENT WITH THE IRS. IF YOU DON'T UNDERSTAND THIS, YOU WON'T UNDERTAND YOUR AGREEMENT.

  • WHAT DO I NEED TO KNOW ABOUT IRS FORM 433?

    THE PRIMARY DOCUMENT USED BY IRS COLLECTIONS TO OBTAIN INFORMATION, IS THE IRS FORM 433. THERE ARE IMPORTANT THINGS YOU NEED TO KNOW ABOUT THIS FORM BEFORE SUBMITTING IT TO THE IRS.

  • HOW DO I APPEAL AN IRS COLLECTION RELATED DECISION?

    THE IRS IS REQUIRED TO CONSIDER YOUR APPEAL IN CERTAIN CIRCUMSTANCES. YOU ARE REQUIRED TO APPEAL AT THE RIGHT TIME AND IN THE RIGHT WAY…

  • I REACHED A DEAL WITH THE IRS. WILL IT STILL TAKE MY REFUND?

    IF YOU'VE ARRANGED AN INSTALLMENT AGREEMENT WITH THE IRS, OR EVEN REACHED A SETTLEMENT AGREEMENT…THE IRS IS STILL GOING TO TAKE YOUR REFUND...FOR A WHILE.

  • HOW CAN I FIND OUT WHAT THE COLLECTION STATUTE EXPIRATION DATE IS?

    THE IRS' TIMEFRAME TO COLLECT THE DEBT WILL RUN OUT AT SOME POINT. BELIEVE IT OR NOT, IT OFTEN DOES BEFORE THE DEBT IS PAID.

  • WILL AN IRS LIEN HURT MY CREDIT SCORE?

    THE IRS LIEN NOTICE IS RECORDED AT THE COUNTY RECORDER'S OFFICE. IT ISN'T SENT DIRECTLY TO CREDIT REPORTING AGENCIES.

  • WILL THE IRS WAIVE PENALTY AND INTEREST?

    IN CERTAIN CIRCUMSTANCES IT WILL DO BOTH. IN CERTAIN CIRCUMSTANCES IT WON'T MAKE SENSE TO TRY.

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