About This Chapter
Representing the Taxpayer in the Collection Process - Chapter Summary
In this chapter, our instructors thoroughly cover topics related to taxpayer representation during the collection process. You'll study IRS collection summonses and notices, the statute of limitations on a federal tax lien and the methods available for tax collection relief. After completing this chapter, you should be ready to:
- Detail the process and program associated with tax collection appeals
- Explain the guidelines that govern adjustments to taxpayer accounts
- Understand how refund claims and tax returns are amended
- Request an audit reconsideration
- Define 'currently not collectible'
- Discuss the calculations used for trust fund recovery penalties
- Outline the procedures for penalty abatement and interest abatement
If you're struggling to understand these topics, take your time and review these lessons as many times as needed. They're available to you 24 hours a day and accessible on your mobile device. The short quiz you'll find at the end of each lesson is a great way to test your understanding. If you still have questions and need help, contact one of our professional instructors for assistance.
1. What is a Federal Tax Lien? - Procedure & Statute of Limitations
When people cannot pay the taxes, they tend to ignore payment demand letters from the IRS. The Internal Revenue Service (IRS) of the the United States Treasury can file a federal lien with a local or state authorities. In this lesson, you will learn the definition, procedure and statute of limitations of a federal tax lien.
2. Amending Tax Returns & Refund Claims
In this lesson, we will look at how a taxpayer can file an amended tax return to correct an error that resulted in the taxpayer receiving a lower tax refund than allowed by law or to reconcile other errors in a previously submitted tax return.
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Other chapters within the Special Enrollment Examination (SEE): Exam Prep & Study Guide course
- Preliminary Work for Personal Tax Preparation
- Income & Asset Tax for Individuals
- Retirement Income Taxation
- Real & Personal Property Taxes
- Itemized Tax Deductions for Individuals
- Tax Credits for Individuals
- Preparing Individual Taxes
- Advising Individual Taxpayers
- Specialized Tax Returns for Individuals
- Tax Considerations for Business Entities
- Tax Considerations for Business Partnerships
- Tax Considerations for Corporations
- Business Income Calculations
- Business Expenses, Deductions & Credits
- Analysis of Financial Reports
- Advising Business Taxpayers
- Specialized Tax Returns for Businesses
- Practices & Procedures of IRS Enrolled Agents
- Representation Before the IRS
- Completing the Tax Filing Process
- Special Enrollment Examination (SEE) Flashcards