Hey there, it's Jonathan Donenfeld from JLD Tax Resolution Group, and I have news to share regarding the recent hiring of new IRS agents. From what we've gathered, the IRS has brought on roughly 10,000 agents.
These agents are mainly divided into two groups - one focused on providing uplevelled customer service, while the other concentrates on collections and enforcement.
What should we expect with this latest development?
On the collections and enforcement side, we're seeing them focusing on small businesses, mainly S Corps and LLCs. The issues that they're focusing on are payroll taxes and shareholder compensation, meaning they're looking at S Corps where owners are not taking salaries. They're looking at businesses that aren't paying payroll taxes, Social Security and Medicare tax. If you have outstanding tax issues, make sure you get your on file tax returns filed. If you have outstanding liabilities, make sure you work out a payment arrangement or look to do a settlement because revenue officers are now being assigned to go after small businesses, and they're not messing around - they may resort to bank levies and wage garnishments. Keep your nose clean and your taxes in order!
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