Did you know that during an audit or an IRS visit that after the agents finish their conversations at your home or business or at the IRS office that they immediately go to their cars or cubicles and write up what you said?
Their writings become prima facie evidence for future IRS assertions against you. This becomes legally sufficient to establish a facto case against you unless disproved. All your assets could be at risk. These written IRS memos give the IRS position to determine if assets that they can collect are in jeopardy and thereby seizable. Levies and garnishment documents can be marshaled against you that day if the IRS thinks that these assets may disappear before the IRS can seize them.
Remember that IRS agents are trained in effective interrogation techniques. What can you do? Memorize these words: “I want counsel present at this meeting and any and all other future meetings.” Then obtain competent tax professional counsel there to answer any and all IRS questions. You do not give out any information because what you say could be interpreted to be different than what you meant, thereby creating an area of distrust and further question. Their job is to collect from you one way or another. If you don’t have the money then other assets are at risk. This includes and is not limited to any and all personal property, cars, retirement accounts, homes, farms, safe deposit box contents, etc.
REMEMBER: MEMORIZE THE WORDS AND CALL US!