On February 19, 2020, the IRS issued a news release announcing that it will be stepping up efforts to visit high-income taxpayers who in prior years have failed to timely file one or more of their tax returns. The Director of Collection Operations, Small Business/Self Employed Division is quoted in the news release as stating: "Taxpayers having delinquent filing or payment obligations should consult a competent tax advisor before waiting to be contacted by an IRS revenue officer." The Director further cautioned: "It is always worthwhile to take advantage of various methods of getting back into filing or payment compliance before being personally contacted by the IRS." In the news release the IRS defined high-income non-filers as taxpayers who generally received income in excess of $100,000 during a tax year and did not file a tax return with the IRS.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.