Ask A Question
Have Tax Questions? Ask a Tax Expert for Answers ASAP
Revenue Service Questions
What is the revenue service?
A revenue service is a government agency that is responsible for looking into the government’s revenue – both taxable and non taxable revenue. Given below are some of the important questions about the revenue service that have been answered by the Experts.
What can an individual do if he/she believes that the audit of taxes done by the revenue service is incorrect?
If an individual feels that the audit of
done by the revenue service is incorrect, he/she may request them for an informal conference. An informal conference will give the individual an opportunity to discuss with the revenue service and tell them what the individual thinks is wrong in the audit. It will also give the revenue service a chance to present their arguments and convince the individual that the audit is not wrong.
Would it be considered a violation of the IRS code if an individual hired his/her own child and paid the child?
If an individual hired his/her own child and paid the child, it may not be considered a violation of the IRS code as long as the child is performing legitimate duties in the organization and is being paid according to the current market rates for the duties.
What legal steps must the Internal Revenue Service follow while placing a federal tax lien on an individual?
The IRS may have to stick to a collection process while placing a
on an individual. The IRS may first send a notification or bill of the collection process to the individual. The individual may be informed of his/her
rights during the entire process. The IRS may have to file a Notice of Federal Tax Lien. This notice is filed so that the IRS can be prioritized as a creditor incase the individual files for bankruptcy. The individual’s accounts may become delinquent if he/she does not respond to the first two notices. Once the account becomes delinquent, it will be passed onto an automated collection system. The individual will then be contacted by someone from this system to come up with a plan for payment. At any point of time, if the individual does not cooperate with the IRS, they can either seize or sell the individual’s property. The individual will be allowed to request for a hearing at the House of Appeals once the notice is filed.
What can an individual do if he/she is unable to pay when the IRS starts its collection process?
If an individual is unable to pay the IRS when it starts the collection process for taxes owed, the individual may request for an extension of time, may ask for an installment agreement, may request a delay in starting the collection process or may make an offer in compromise to the IRS.
Can an individual’s social security benefits be garnished by the Internal Revenue Service?
internal revenue service
may have the legal right to garnish an individual’s social security benefits for unpaid federal taxes. In most situations, the benefits will be garnished at the rate of 15% per month under the Automated Federal Payment Levy Program.
Can the IRS be forced by the tax court to collect unpaid taxes from individuals?
The IRS may not be forced by the tax court to collect unpaid taxes from individuals. The court may only give a judgment against the individual. It is up to the Internal Revenue Service to decide if it wants to pursue the individual for the payment or not.
The revenue service may perform many duties that may be difficult for people to understand. You must be aware of the
and processes of the revenue service so that you know what to do in case you have to work with them for payment of taxes. You can ask an Expert if you have any questions regarding the revenue service or need any more information.
Recent Revenue Service Questions
I am a retired Canadian, but I spend winters in the US. From
I am a retired Canadian, but I spend winters in the US. From the substantial Presence Test I spent 186 days in the US in 2011, 2012, and 2013. I didn't file a Form 8840. What should I file with the IRS in order to protect myself. I have no US source income. My income is CPP, OAS, company pension, RRIF, interest and dividends.
I have inherited Oil and Gas leases in Reeves County TX, with
I have inherited Oil and Gas leases in Reeves County TX, with NO production on the leases. Recently we have received offers to buy our leases and we need to determine our cost basis. We have been told by landmen that cost of lease in the year of inheriting would be the basis. A sister with similar interest says her expert tells her that the basis is 2--3 times the lease value. We currently lease at $3000.00 per acre. What is right? This issue is important for us to determine tax liability if we sell our lease.
Hello, I have in my saving account $12000, does it make
I have in my saving account $12000, does it make me pay more tax when i submit my tax returns if it the money is not invested in any where else?
View More Tax Questions
1 Tax Professionals are Online Right Now
Ask Your Own Tax Question
Ask Your Question Now
Ask a Tax question
Type Your Tax Question Here...
Tax Professionals are Online Now
In The News
How JustAnswer Works:
Ask an Expert
Get a Professional Answer
Ask Followup Questions
100% Satisfaction Guarantee
Ask a Tax Professional
Get a Professional Answer. 100% Satisfaction Guaranteed.
Tax Professionals are Online Now
Type Your Tax Question Here...
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.
Become a Professional
Terms of Service
Privacy & Security
© 2003-2014 JustAnswer LLC