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IRS increasing focus on taxpayers who have not filed tax return

Reblogger Anthony Acosta - ALLATLANTAcondos.com
Real Estate Broker/Owner with Harry Norman, REALTORS® #331379

Thank you Vani Murthy, CPA for your original blog. 

Original content by Vani Murthy, CPA

The Internal Revenue Service announced early this year that it is focusing on taxpayers who haven't filed tax returns for prior years in an effort to increase tax compliance and further enforce the law. In addition, the IRS is increasing the use of data analytics, research and new compliance strategies, including personal visits, to reach taxpayers and tax return preparers who have not filed federal tax returns.

To further promote voluntary compliance with tax laws, the IRS is also using new ways to leverage existing processes and systems, including:

  • Increase the identification and case creation for individual and business non-filers. New cases will be assigned to IRS employees for appropriate resolution.
     
  • Automated Substitute for Return program (ASFR). This affects individual taxpayers who have not filed tax returns, but whose available income information shared with the IRS indicates a significant income tax liability. As part of the ASFR program, the IRS sends notices to these taxpayers alerting them to the potential liability.
     
  • Automated 6020(b) process. Promotes employment tax filing compliance by identifying business taxpayers with employment tax requirements who have not filed for a specific period. Ensuring businesses comply with their employment tax filing and payment requirements is another priority for the IRS.
     
  • Delinquent Return Refund Hold program (DRRH). Systemically holds an individual taxpayer's income tax refund when their account has at least one unfiled tax return within the five years surrounding that return.

In addition, the IRS is also working with key partners to better educate taxpayers and tax professionals on filing requirements.

If you or someone you know needs help with filing back taxes and settling IRS debt give us a call at 602-904-6535 or email me at vanim@getmytaxrelief.com

 

 

Tax Relief Central

 

3707 E Southern Ave

 

Mesa, AZ 85206

 

(602) 904-6535

 

www.getmytaxrelief.com

 

 

 

 

Vani Murthy, CPA
Tax Relief Central - Mesa, AZ
IRS Problem Resolution

Thank you for the reblog and the mention Anthony!

Nov 21, 2020 06:57 PM