When the taxpayer has not paid a tax assessment to the Treasury, the IRS can do...

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Accounting

When the taxpayer has not paid a taxassessment to the Treasury, the IRS can do the following withoutneeding court approval:

a.         Foreclose on thetaxpayer’s house.

b.         Force thetaxpayer to sign an Offer in Compromise.

c.         Garnish thetaxpayer’s wages.

d.         The IRS can doall of the above without court approval.

e.         The IRS can donone of the above without court approval.

That's all the information i got inthe question.

Answer & Explanation Solved by verified expert
4.3 Ratings (623 Votes)
If you dont pay your tax in full when you file your tax return youll receive a bill for the amount you owe This bill starts the collection process which continues until your account is satisfied or until the IRS may no longer legally collect the tax for example when the time or period for collection expires The first notice you receive will be a letter that explains the balance due and demands payment in full It will include the amount of the tax plus any penalties and interest accrued on your unpaid balance from the date the tax was due The unpaid balance is subject to interest that compounds daily and a monthly late payment penalty Its in your best interest to pay your tax liability in full as soon as you can to minimize the penalty and interest charges You may want to investigate and consider other methods of financing full payment of your taxes such as obtaining a cash advance on your credit card or getting a bank loan The rate and any applicable fees your credit card company or bank charges may be lower than the combination of interest and penalties imposed by the Internal Revenue Code If youre not able to pay your balance in full immediately the IRS may be able to offer you a monthly installment agreement In some cases you can establish an installment agreement by using the Online Payment Agreement Application    See Answer
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Transcribed Image Text

When the taxpayer has not paid a taxassessment to the Treasury, the IRS can do the following withoutneeding court approval:a.         Foreclose on thetaxpayer’s house.b.         Force thetaxpayer to sign an Offer in Compromise.c.         Garnish thetaxpayer’s wages.d.         The IRS can doall of the above without court approval.e.         The IRS can donone of the above without court approval.That's all the information i got inthe question.

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