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Severn, MD: How IRS Collection Works - EXPANDED
As tomorrow is the due date for individual tax returns on extension, I wanted to expand on my previous blog post on how IRS collection works. Whether you live in Severn, MD or Anne Arundel County, MD or anywhere else in the world, the IRS collections process works the same. The focus of my practice in Severn, MD is to help taxpayers get in compliance with their IRS and state tax filings and to represent them before the IRS and the state with their tax collection issue.
 
An overview of the IRS collection process is as follows:
 
       You File Your Tax Return Depending upon whether you’re filing for yourself as an individual or for your business or for some other entity such as a trust, and also depending upon whether you’re filing “timely” or on extension, your tax return is due somewhere between March 15 and October 15 for a calendar year. If you file your return and pay all the tax due at the time you file or, better yet, have a refund coming your way on that filing, you’re done!
 
       Your Tax is Assessed If you file your tax return and aren’t able to pay the full amount due, the ... more

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