The Internal Revenue Service is subject to a variety of regulations and requirements when it comes to using tax liens against taxpayers in relation to tax debts. Among these are requirements related to issuing notice of a tax lien filing.
Prior to the start of the current tax filing season, the Internal Revenue Service mailed letters to 2.7 million taxpayers with IP PINs. For those unfamiliar with these IP PINs, they are six-digit numbers designed to provide enhanced security to those taxpayers who have been victimized or who are otherwise susceptible to tax-related identity theft.
A good deal of paperwork goes along with federal taxes here in America. This can be seen in a recent report that looked at how much time taxpayers in the U.S., in total, will likely spend on Internal Revenue Service paperwork this year.
Most types of income are required to be reported on one’s federal tax returns and are subject to the federal income tax. Being accused of failing to report or hiding taxable income can get a person in some very hot water with the Internal Revenue Service. Such allegations could lead to a taxpayer facing investigatory and collection actions. Also, depending on the specifics of the accusations, they could even lead to a taxpayer facing criminal charges, such as tax evasion charges. So, when accused of not reporting taxable income one earned on one’s federal taxes, a taxpayer may want to promptly contact a tax lawyer for help with addressing the situation.