Circumstances in life are complex and some individuals and businesses found themselves in a very difficult situation with the Internal Revenue Service (IRS). A critical stage of the IRS collection process is when you receive a final notice. Most of times the content of the letter is presented as: “This letter is to notify you of your unpaid taxes and that the Service intends to levy to collect the amount owed. The letter and referenced publications explain how to request an appeal if you do not agree. You need to file a form 12153, Request for a Collection Due Process Hearing and send it to the address shown on your levy notice within 30 days from the date of the letter in order to appeal the proposed action with the office of appeals”.
The letter or the notice explains clearly what to do. The time limit is 30 days to react. At this stage, trouble taxpayers need to be serious in resolving their tax issues. The agency is about to levy all their assets. This is the reason; taxpayers have to file an appeal in order to negotiate another way to resolve the tax problem.
Individuals and businesses need to understand that IRS is looking to collect its money. Filing a Request for a Collection Due Process Hearing (CDP) is another tool that every trouble taxpayer should take advantage of it and come with a reasonable payment alternative on a negotiation table with the collection or appeal officer. The window of times created by the CDP, allows taxpayers to put together their financial information and calculate the reasonable collection potential (RCP).
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