Tax Relief Blog
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Table 16. Delinquent Collection Activities, Fiscal Years 2005-2008 |
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[Money amounts are in thousands of dollars.] |
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Activity |
2005 |
2006 |
2007 |
2008 |
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(1) |
(2) |
(3) |
(4) |
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Returns filed with additional tax due: |
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Total amount collected [1] |
[r] 27,615,348 |
[r] 29,172,915 |
[r] 31,952,399 |
28,465,648 |
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Taxpayer delinquent accounts (thousands): |
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Number in beginning inventory |
5,981 |
6,478 |
7,074 |
8,240 |
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Number of new accounts |
5,870 |
6,100 |
7,146 |
7,099 |
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Number of accounts closed |
5,373 |
5,504 |
5,980 |
6,107 |
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Ending inventory: |
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Number |
6,478 |
7,074 |
8,240 |
9,232 |
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Balance of assessed tax, penalties, and interest [2] |
57,594,901 |
69,555,590 |
83,488,988 |
94,357,717 |
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Returns not filed timely: |
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Delinquent return activity: |
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22,765,462 |
23,305,535 |
30,287,802 |
24,888,918 |
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Amount collected with delinquent returns |
3,584,255 |
3,905,764 |
3,968,163 |
3,773,528 |
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Taxpayer delinquency investigations (thousands) [4]: |
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Number in beginning inventory |
3,022 |
3,658 |
3,874 |
3,732 |
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Number of new investigations |
2,558 |
2,373 |
2,587 |
1,972 |
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Number of investigations closed |
1,922 |
2,157 |
2,729 |
2,271 |
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Number in ending inventory |
3,658 |
3,874 |
3,732 |
3,433 |
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Offers in compromise (thousands) [5]: |
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Number of offers received |
74 |
59 |
46 |
44 |
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Number of offers accepted |
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15 |
12 |
11 |
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Amount of offers accepted |
325,640 |
283,746 |
228,975 |
200,103 |
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Enforcement activity: |
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Number of notices of Federal tax liens filed |
522,887 |
629,813 |
683,659 |
768,168 |
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Number of notices of levy served on third parties |
2,743,577 |
3,742,276 |
3,757,190 |
2,631,038 |
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Number of seizures |
512 |
590 |
676 |
610 |
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[r]–Revised. |
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[1] Includes previously unpaid taxes on returns filed plus assessed and accrued penalties and interest. For Fiscal Year 2008, includes a total of $37,254,116 (dollars) collected by private debt collection agencies. |
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[2] Includes assessed penalties and interest but excludes any accrued penalties and interest. Assessed penalties and interest—usually determined simultaneously with the unpaid balance of tax—are computed on the unpaid balance of tax from the due date of the return to the date of assessment. Penalties and interest continue to accrue (accrued penalties and interest) after the date of assessment until the taxpayer’s balance is paid in full. |
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[3] Net assessment of tax, penalty, and interest amounts (less prepaid credits, withholding, and estimated tax payments) on delinquent tax returns secured by Collection activity. |
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[4] A delinquency investigation is opened when a taxpayer does not respond to an IRS notice of a delinquent return. |
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[5] An offer in compromise (OIC) is a binding agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed. An OIC will not be accepted if the IRS believes the liability can be paid in full as a lump sum or through a payment agreement. |
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NOTES: Detail may not add to totals because of rounding. All amounts are in current dollars. |
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SOURCE: Small Business/Self-Employed, Collection Planning and Analysis, Collection National Reports SE:S:C:PA:CNR |
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