May 21, 2024

The IRS is focusing on 125,000 cases involving non-filers since 2017, targeting individuals earning between $400,000 and over $1 million annually. Supported by the Inflation Reduction Act, this initiative aims to address budget constraints that previously hindered the IRS’s ability to pursue these cases. IRS Commissioner Danny Werfel emphasized the importance of these resources in ensuring tax compliance and fairness for all taxpayers.

The IRS has already collected nearly $500 million from delinquent taxpayers and is sending out 125,000 CP59 notices to enforce compliance. These cases are believed to involve hundreds of millions of dollars in unpaid taxes, with some estimates suggesting over $100 billion is owed. The CP59 notices alert taxpayers of their obligation to file returns and pay their taxes, indicating the IRS’s renewed focus on enforcement.

Taxpayers who receive CP59 notices should take immediate action to address their tax obligations. Failure to respond to these notices can lead to increased penalties, interest, and enforcement actions by the IRS. Tax professionals can provide crucial assistance in these situations, helping clients understand their options, negotiate with the IRS, and develop a plan to resolve their tax issues.

At Heritage Tax Company, we specialize in providing comprehensive tax services tailored to the needs of taxpayers. Our team of experienced professionals, led by an Enrolled Agent, has the knowledge and expertise to handle even the most complex tax situations. We are committed to helping our clients achieve compliance and peace of mind.

By scheduling a consultation with us, taxpayers can benefit from our personalized approach to tax. We work closely with our clients to understand their unique financial situations and develop customized strategies to resolve their tax issues, ensuring compliance and important tax planning opportunities.

To take advantage of this opportunity, taxpayers should schedule a consultation with Heritage Tax Company today. We offer both business and individual consultations to ensure we can meet the specific needs of each client. Our goal is to help our clients achieve financial stability and freedom from the fear of the IRS.

Business owners and individuals facing IRS scrutiny can schedule a consultation through the following links:

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