TaxCure Blog

For decades IRS revenue officers paid unannounced visits to taxpayers’ homes and businesses to talk about unfiled returns and unpaid taxes, but this is no longer happening. As of July 24, 2023, the agency has stopped this practice. Now, if an officer wants to meet you in person, they will send a 725-B appointment letter to request a meeting.

Do you have unfiled tax returns from 2019 or 2020? Right now, the IRS is letting taxpayers catch up without interest or penalties. This is an extremely rare opportunity, and it gives taxpayers the chance to save hundreds or even thousands of dollars in penalties and interest. But you need to act fast — you only have until September 30 to take advantage of this program. 

For the second year in a row, there was a dramatic drop in IRS liens and levies. In Fiscal Year 2020, the IRS filed 291,081 liens, and the agency sent out 396,269 notices of levies requested from third parties. The following year, in FY 2021, liens dropped to 212,251 and levies dropped to 305,610.

Every year, the IRS releases a report on taxpayer migration. The newest release from May 2022 shows migration patterns between tax years 2019 and 2020. The IRS collects data on the number of personal tax returns filed by taxpayers who migrated in and out of all 50 states and the District of Columbia, as well as the adjusted gross income (AGI) associated with these returns. 

Although the number of Internal Revenue Service (IRS) offers in compromise (OIC) received increased by 9.98% in 2021, the number of offers approved only increased by 6.06%. Therefore, the IRS OIC acceptance rate for 2021 fell by 1.1% to 30.7% in comparison to 2020. 30.7% represents a differential of 12.1% from the OIC all-time acceptance rate high of 42.8% back in 2016. Moreover, the average amount per offer in compromise accepted increased by 3,520.24 or 31.83%.