Current:Home > StocksTaxpayers no longer have to fear the IRS knocking on their doors. IRS is ending practice. -OceanicInvest
Taxpayers no longer have to fear the IRS knocking on their doors. IRS is ending practice.
View
Date:2025-04-17 07:08:47
People no longer have to 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 mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
veryGood! (78)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Exclusive: Projected 2024 NBA draft top pick Ron Holland on why he went G League route
- What makes Mongolia the world's most 'socially connected' place? Maybe it's #yurtlife
- A teenager taken from occupied Mariupol to Russia will return to Ukraine, officials say
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Horoscopes Today, November 10, 2023
- Suspected Islamic extremists holding about 30 ethnic Dogon men hostage after bus raid, leader says
- Why Hunger Games Prequel Star Hunter Schafer Wants to Have a Drink With Jennifer Lawrence
- All That You Wanted to Know About She’s All That
- Several people shot on Interstate 59 in Alabama, police say
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Sudanese American rapper Bas on using music to cope with the brutal conflict in Sudan
- JAY-Z and Gayle King: Brooklyn's Own prime-time special to feature never-before-seen interview highlights
- A Hawaii refuge pond has turned eye-catching pink and scientists think they know why
- Highlights from Trump’s interview with Time magazine
- Local election workers have been under siege since 2020. Now they face fentanyl-laced letters
- David and Victoria Beckham and how to (maybe) tell if your partner is in love with you
- Meet the 2024 Grammys Best New Artist Nominees
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Biden’s movable wall is criticized by environmentalists and those who want more border security
Are you a homeowner who has run into problems on a COVID mortgage forbearance?
Woman arrested after Veterans Memorial statue in South Carolina is destroyed, peed on: Police
Tom Holland's New Venture Revealed
Judge in Trump documents case declines to delay trial for now
Tensions running high at New England campuses over protests around Israel-Hamas war
Oklahoma trooper tickets Native American citizen, sparking outrage from tribal leaders