Page 34 - Escape Your IRS Nightmare Flip Book
P. 34
By disallowing expenses, the IRS agent has now created “income” that you have failed to pay taxes on,
and those taxes will have accrued penalties and interest you will be responsible for paying since the date
those tax returns were first filed.
Audits are not the only time that you should not meet with the IRS alone.
When you owe money to the IRS, and even agree that you owe money, you should not meet with them
alone. Even calling them alone can be risky!
When you owe money to the IRS, the IRS wants to file liens on all of your assets or seize your assets.
They will meet with you or visit your business or home to take an inventory of your assets and what
could be seized by the IRS to collect on the money you owe.
These are all standard steps for the IRS to take to ensure they do their job in collections, however your
rights can be and need to be protected.
If you must meet the IRS alone, try to become familiar with tax law as best as possible before you meet
with the IRS.
Reading this book will give you a good amount of information, but if they ask for an in-person meeting,
be advised that you can’t just bring a friend to the IRS, because the IRS will not allow unrelated third
parties to become privy to your confidential information.
23