What IRS can do to collect more delinquent taxes: report to the Congress

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Page 19 - COMPROMISES. (a) AUTHORIZATION. — The Commissioner, with the approval of the Secretary, or of the Under Secretary of the Treasury, or of an Assistant Secretary of the Treasury, may compromise any civil or criminal case arising under the internal revenue laws prior to reference to the Department of Justice for prosecution or defense...
Page 36 - You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number Books or records relating to a form or its instructions...
Page 35 - A claim for refund must be filed within three years from the date the return was filed (returns filed before the due date are considered to have been filed on the due date) or within two years from the date the tax was paid, whichever date is later.
Page 33 - A corporation that does not file its tax return by the due date, including extensions, may be penalized 5% of the unpaid tax for each month or part of a month the return is late, up to a maximum of 25% of the unpaid tax.
Page 34 - ... with the expenses of the seizure. Also, real estate may be redeemed at any time within 120 days after the sale by paying the purchaser the amount he paid for the property plus interest of 20 percent per annum. C. Federal Tax Lien As we mentioned previously, once notice and demand for payment is made and you neglect or refuse to pay the tax, a statutory lien attaches to your property and rights to property. This lien is not valid against certain of your creditors until a Notice of Federal Tax...
Page 36 - Code section 6109 and its regulations say that you must show your social security number on what you file. This is so we know who you are, and can process your return and papers. You must fill in all parts of the tax form that apply to you. But you do not have to check the boxes for the Presidential Election Campaign Fund. We ask for tax return information to carry out the Internal Revenue laws of the United States.
Page 36 - We ask for tax return information to carry out the Internal Revenue laws of the United States. We need it to figure and collect the right amount of tax. We may give the information to the Department of Justice and to other Federal agencies, as provided by law. We may also give it to States, the District of Columbia.
Page 35 - Act, is paid to an adversely affected worker for any week of unemployment with respect to which he would be entitled (determined without regard to subsection (c) or (e...
Page 36 - The Privacy Act of 1974 says that each Federal agency that asks you for information must tell you the following: (a) lts legal right to ask for the information and whether the law says you must give it.
Page 36 - Please keep this notice with your records. lt may hetp you if we ask you for other information. lf you have questions about the rules for filing and giving information, please call or visit any lnternal Revenue Service office. This is the only notice we must give you to explain the Privacy Act. However, we may give you other notices if we have to...

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