Current:Home > NewsPoinbank:Taxpayers no longer have to fear the IRS knocking on their doors. IRS is ending practice. -ProsperityStream Academy
Poinbank:Taxpayers no longer have to fear the IRS knocking on their doors. IRS is ending practice.
Algosensey View
Date:2025-04-11 05:27:39
People no longer have Poinbankto fear IRS agents will drop by unannounced because the agency said Monday it’s ending that practice, effective immediately, to help ensure the safety of its employees and taxpayers.
The change reverses a decades-long practice by IRS Revenue Officers, the unarmed agency employees whose duties include visiting households and businesses to help taxpayers resolve their account balances by collecting unpaid taxes and unfiled tax returns. Instead, people will receive mailed letters to schedule meetings, except in a few rare circumstances.
“These visits created extra anxiety for taxpayers already wary of potential scam artists,” IRS Commissioner Danny Werfel said in a statement. “At the same time, the uncertainty around what IRS employees faced when visiting these homes created stress for them as well. This is the right thing to do and the right time to end it.”
Will this hamper IRS tax collection?
No. With extra money from the Inflation Reduction Act, the IRS will have more staff to do compliance work and chase high-income earners avoiding taxes, Werfel said.
“Improved analytics will also help IRS compliance efforts focus on those with the most serious tax issues,” Werfel said. “We have the tools we need to successfully collect revenue without adding stress with unannounced visits. The only losers with this change in policy are scammers posing as the IRS.”
The move will also protect IRS employees, who have felt more under attack in recent years. “The safety of IRS employees is of paramount importance and this decision will help protect those whose jobs have only grown more dangerous in recent years because of false, inflammatory rhetoric about the agency and its workforce,” said Tony Reardon, National President of the National Treasury Employees Union.
IRS scams:You may soon get an IRS letter promising unclaimed tax refunds. It's a scam.
What will happen now?
If IRS agents need to meet with you, you’ll receive in the mail an appointment letter, known as a 725-B, and schedule a follow-up meeting and allow taxpayers to feel more prepared with necessary documents in hand when it is time to meet.
This will help taxpayers resolve issues more quickly and eliminate the burden of multiple future meetings, the agency said.
Only on the rare occasion will IRS agents have to come unannounced. For example, when there's a summons, subpoenas or sensitive enforcement activities involving the seizure of assets, especially those at risk of being placed beyond the reach of the government. To put this in perspective, the IRS said these types of situations typically arise less than a few hundred times each year – a small fraction compared to the tens of thousands of unannounced visits that typically occurred annually under the old policy, it said.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at [email protected] and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
veryGood! (7288)
Related
- A South Texas lawmaker’s 15
- Step Inside Justin Timberlake and Jessica Biel's Star-Studded Las Vegas Date Night
- How 'The Crown' ends on Netflix: Does it get to Harry and Meghan? Or the queen's death?
- Trevor Noah returns to host 2024 Grammy Awards for 4th year in a row
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Arkansas board suspends corrections secretary, sues over state law removing ability to fire him
- Basketball star Candace Parker, wife Anna Petrakova expecting second child together
- Apology letters by Sidney Powell and Kenneth Chesebro in Georgia election case are one sentence long
- Former Danish minister for Greenland discusses Trump's push to acquire island
- 'Curb Your Enthusiasm' final season, premiere date announced by HBO
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Can Congress fix Ticketmaster? New legislation, investigation take aim
- Planned After School Satan Club sparks controversy in Tennessee
- Man acquitted of killing three in Minnesota is convicted in unrelated kidnapping, shooting
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Central Indiana man gets 16 years for trying to provide guns to Islamic State group
- Where is Kremlin foe Navalny? His allies say he has been moved but they still don’t know where
- King Charles pays light-hearted tribute to comedian Barry Humphries at Sydney memorial service
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Boy, 13, charged after allegedly planning mass shooting in a synagogue
Supreme Court leaves Illinois assault weapons ban in place
NCAA says a redshirt eligibility rule still applies, fears free agency if it loses transfer suit
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Woman, 3 children found dead in burning Indiana home had been shot, authorities say
Belgian tourist dies in an animal attack at Mexico’s Pacific coast resort of Zihuatanejo
COP28 climate summit OK's controversial pact that gathering's leader calls historic