The IRS produced an interactive video to help taxpayers understand the collection process. The video is called, “Owe Taxes? Understanding IRS Collection Efforts.” The video has eight-parts and discusses many topics including:
- What to do when filing a balance due return
- How to respond to collection notices
- What happens when a business owes payroll taxes
The series begins by covering taxpayer rights, followed by typical collection scenarios a taxpayer may encounter. Viewers may select the topic that most closely matches their situation. The collection process is explained throughout the videos, with links to additional information. Also available on the portal are videos on how to request an online payment agreement, how to file an offer in compromise and more. Here is a link to the video:
If you have tax debt with the IRS and don’t know how to proceed, Paul recommends that you watch this video and contact him by clicking here.