The IRS generally, but not always, complies with legal guidelines when conducting seizures of taxpayers’ property. So found a Treasury Inspector General for Tax Administration (TIGTA) audit. The audit reviewed 74 of the 97 seizures the IRS conducted between July 1, 2020, and June 30, 2021. Before the IRS can seize an asset, an advisor must conduct a review for legal sufficiency and the seizure must then be approved. The audit found that in four cases “information was not properly input during the seizure process.” In addition, “in some instances, [a] revenue officer did not properly contact the taxpayers to notify them that seizure was the next action.” Read the audit: https://bit.ly/3nlQloq Call or visit our website for more information! www.mjscpa.com/
