taxes_shutterstockIndianapolis businesses and individuals who are behind in paying their taxes can expect to see increased Internal Revenue Service (IRS) collection efforts and the resulting communications. Over the last 7 years, the government has made a huge strides in the identification of delinquent tax payers.. The IRS is not a friendly creditor and will take aggressive action like filing liens, levies, garnishments and seizures. If the IRS has initiated action against you, there is help. But be sure to vet services offering assistance.

With the increased IRS collections in Indianapolis, come predatory businesses ready to feed off of individuals dealing with what can be an overwhelming and difficult situation. An Indianapolis Certified Public Accountant (CPA), like the team at KLP CPAs, brings in-depth knowledge of options available to those receiving notice of action for collections. Additionally, you’ll receive personalized attention from a local tax professional to help you navigate the IRS notices.

The IRS issues collection letters in this order:

  • CP 14 – Balance Due
  • CP 501- Reminder, We Show You Still Owe
  • CP 503 – Important – Immediate Action Required
  • CP 504 – Urgent Notice – We Intend to Levy on Certain Assets, Please Respond Now
  • CP 90/CP 297 – Final Notice of Intent to Levy and Notice of Your Right to a Hearing
  • CP 91/CP 298 – Final Notice Before Levy on Social Security Benefits

It can be a frustrating process, but you may have more options than you realize. The IRS and its Revenue Officers want your case resolved as quickly as you do. Possible resolutions might be one of the following:

  • Installment Agreements
  • Offers in Compromise
  • Penalty Abatement
  • Removal of Tax Liens, Levies and Garnishment
  • Lien Discharge

These resolutions are only a possibility if you engage in the process of resolution. IRS officers act within a great deal of authority and will pursue all action necessary to collect on IRS debt. Evading is not an option, and KLP CPAs can help prepare you for the best possible course of action.

To avoid severe penalties and courses of action in Indianapolis IRS collections, give us a call today.