Who knew?
By CPA Trendlines
We all know how the IRS works. They send a letter to a possibly delinquent taxpayer who, in quivering fear, returns a response that is slipped through the mail slot in the IRS door, where it falls into a shredder that feeds into a massive onsite incinerator. The letter’s ashen remains are then loaded onto a rocket and shot toward Alpha Centauri, never to be seen again.
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Actually, that’s not entirely true. In 2019, IRS Compliance Services Collection Operations managed to respond to 25 percent of its “inventory” of Taxpayer Delinquent Account correspondence. The other 75 percent was considered “over-aged” after not being dealt with within 45 days of receipt.
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