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If you owe the IRS taxes, they can file a federal IRS tax lien against you! With a tax lien filed against you or your business, your credit is affected. It shows up on your credit report and will make it difficult, or impossible, to obtain financing for an automobile or a home. How does an IRS tax lien get filed against you? A great example is this man in Akron, Ohio,
With today’s tax scam horror stories and so many choices for tax lawyers, choosing the right tax attorney may seem a daunting task. When you’re faced with IRS tax problems such as back taxes and delinquent tax returns, there are many different tax attorneys in the yellow book who will “deal” with these issues. How do you know that you’ve chosen the correct representation for your unique situation? You must
It is extremely dangerous to sit and “ignore” IRS problems because a large accumulation of IRS tax penalties can lead you to eventually lose your home. Recently, an individual whose IRS penalties (debt and interest) were so high, she could not find a suitable alternative to pay back the IRS other than to give up her primary residence.
CCH (http://tax.cchgroup.com) reports:
Levy on Individual’s Principal Residence Judicially Approved
A levy on an
In the current environment of increasing IRS enforcement efforts, it is unwise for taxpayers to evade taxes and think that they can get away with it.
While it may be true that a small percentage of tax evaders could enjoy a few years of “freedom” from the IRS, the ones who do get caught could be served with debilitating bank levies and heavy wage garnishments for life. (And you never know
Tax problems can get confusing and overwhelming. As a tax resolution specialist, I help individuals and businesses resolve their IRS debt and tax problems every day - and I can help you get the help you need to get the IRS off your back!
Got tax questions? Call our office at 1-866-IRS-PROBLEMS for a free risk-free tax resolution consultationwww.taxresolution.com or visit
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QUESTION: If the IRS has a current tax lien on one’s
A recent report released by Treasury Inspector General for Tax Administration (TIGTA) found that taxpayers may be getting their statutory rights violated by the IRS’s improper adherence to tax lien notification requirements. The report released on June 25 revealed that the IRS failed to take the necessary actions when notifying taxpayers and their tax representatives of liens. Procedurally, the IRS is required to mail written notification of the lien to
A team of our IRS debt relief specialists recently attended the IRS Problem Resolution Boot Camp in Los Angeles to further their professional education and help better serve their clients. The special two-day seminar, held by the American Society of Tax Problem Solvers (ASTPS), attracted attendees from all over the United States who successfully took their tax problem resolution skills, knowledge, and professionalism to the next level.
The program titled “The Current Climate
USA today reported that the government is still unable to collect taxes from these very public figures and big name celebrities.
Singer Dionne Warwick is $2.7 million behind on her state taxes, according to the California Franchise Tax Board. The IRS has placed more than $1 million in tax liens against the Psychic Friends Network host for unpaid federal taxes.
Fox News analyst Dick Morris has a $1.5 million lien filed against
Abatement A partial or complete cancellation of taxes, penalties or interest owed by a taxpayer.
ACS See Automated Collection System.
Automated collection System (ACS) A computerized collection process for IRS collectors to contact delinquent taxpayers by telephone and mail.
Collateral Agreement An agreement sometimes secured by the IRS prior to acceptance of an Offer in Compromise when the IRS wants to cover a future, reasonably possible event, such as a
Delayed IRS Collection
IRS policy states that whenever the taxpayer raises a question or presents information creating reasonable doubt as to the correctness or validity of an assessment, “reasonable forbearance” will be exercised with respect to collection efforts as long as the interests of the government are not jeopardized.
This does not mean the taxpayer’s debt will be forgiven, or a tax lien will not be
Tax Liens and Levies
Tax Liens
A lien is an encumbrance- it does not result in the physical transfer of the taxpayer’s property to the IRS.
Tax Levies
A levy allows the IRS to seize the taxpayer’s property.
Levies are divided into two categories.
The first category includes tangible real and personal property owned by the taxpayer
The second category includes third parties who hold
News, commentary, insight, tips and humor from tax expert Michael Rozbruch
Michael Rozbruch is a Certified Tax Resolution Specialist, a member of the American Society of IRS Problem Solvers and a Maryland CPA.
If you find yourself in trouble with the IRS and need professional tax attorney and tax resolution services, call 866-IRS-problems. Effective tax negotiation and representation means that your tax attorney, Certified Tax Resolution Specialist or CPA will take over all communications with the IRS, filing any delinquent tax returns to bring you to full IRS compliance while vigorously defending your rights as a taxpayer to permanently resolve your back taxes and IRS problems.
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