Posts Tagged ‘tax lien’
Tuesday, June 30th, 2009
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
Tags: financial well-being, IRS audit, IRS debt, IRS help, IRS tax problems, lien notification, Michael Rozbruch, statutory rights, tax attorney, tax audit, tax expert, tax lien, tax relief, tax representation, tax resolution, tax settlement, Tax Tips, TIGTA
Posted in Seeking Professional Tax Help, Statutes of Limitations – Taxpayer’s rights, Tax Liens and Levies, tax help | No Comments »
Tuesday, June 9th, 2009
The IRS is the worst institution for taxpayers to owe money to. And no one should take comfort in knowing that the IRS clerks working for $9.75-$10.25 an hour have people’s financial fates in their hands, and by them flipping a switch, can generate a tax lien notice or a levy notice to any bank or employer. When I was on the LA Talk Radio show with TJ McCormack
Tags: Freedom of Information Act, income tax relief, Installment Agreement, ira payment plan, IRS, IRS debt relief, Offer in Compromise, statue of limitations, tax debt, tax help, tax lien, tax resolution
Posted in Freedom of Information Requests, Offers in Compromise, Statutes of Limitations – Taxpayer’s rights, Tax Debt Help News, Tax Relief News, Taxpayer Rights, tax help | 2 Comments »
Thursday, April 30th, 2009
Question: Does the 10 year collection statute begin when the civil penalties are due? Or, when the installment agreement has begun? Or, as in my case, when the installment agreement was reinstated?
Answer: The 10 year Collection Statute Expiration Date (CSED) begins on the ASSESSMENT date, not when the taxes are due and not when you begin an Installment Payment Plan.
There are exceptions to this rule, including if the taxpayer agrees
Tags: bank levy, collection statute expiration, collection statute expiration date, expired tax debt, income tax relief, Installment Agreement, installment payment plan, IRS audits, IRS debt, IRS help, irs problems, Michael Rozbruch, Payroll Tax Problems, tax advice, tax debt, tax expert, tax lien, tax resolution, tax resolution expert, tax resolution services, wage garnishment
Posted in Ask the Expert, Expiration of the Collection Statute | No Comments »
Friday, April 10th, 2009
The Los Angeles Times released a list of California taxpayers with the largest delinquent income tax bills who together owe $143 million in back taxes.
While O.J. Simpson and his $1.5 million bill have been taken off the list (after being sentence to 9 years in prison), Dionne Warwick (who owes $2.18 million) and Burt Reynolds (who owes $225,000) are among the notable names on the list of 250 people with
Tags: Back Taxes, burt reynolds, california income tax relief, california tax help, california tax resolution, delinquent tax returns, delinquent taxes, Dionne Warwick, income tax relief, IRS back taxes, IRS enforcement, IRS problem solver, irs problems, IRS tax problems, Michael Rozbruch, O.J. Simpson, Sinbad, tax expert, tax lien, tax problems, tax resolution expert, tax resolution services, unfiled tax returns
Posted in Tax news and tips | No Comments »
Tuesday, December 30th, 2008
Far too many business owners and individuals are looking over their shoulders in fear of the IRS. I appeared as the guest tax expert on Strictly Business on BlogTalkRadio.com earlier this month to share some insider secrets of tax relief with business owners and individuals struggling to overcome their tax burdens.
I discussed some of the tax resolution strategies we employ with the program’s host Anna D. Banks, a business coach
Tags: audit defense, blogtalkradio, Innocent Spouse, IRS audits, IRS enforcement, IRS levy, Michael Rozbruch, Offer in Compromise, payment plan, Payroll Taxes, small business taxes, tax audits, tax help, tax lien, tax problems, tax resolution
Posted in Offers in Compromise, Tax news and tips | 2 Comments »
Tuesday, December 23rd, 2008
The IRS recently announced a plan that will “try” to make it easier for homeowners in financial straits to refinance or sell their homes. The program supposedly focuses on people who ordinarily pay their taxes in full but “because of these extraordinary times are getting behind on their tax payments.”
IRS Commissioner Doug Shulman said that plan would speed up a process where financially distressed homeowners may request that a federal
Tags: doug shulman, homeowners refinancing, IRS, lien subordination, Michael Rozbruch, statute of limitations on collections, tax advice, tax expert, tax help, tax lien, tax relief
Posted in Tax news and tips | 4 Comments »
Saturday, December 29th, 2007
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
Tags: bank levy, collection statute expiration, delayed IRS collection, delinquent taxes, not collectible, reasonable doubt, reasonable forbearance, tax lien, tax liens, wage levy
Posted in Delayed IRS Collection and Currently Not Collectible St, Expiration of the Collection Statute, IRS Operating Divisions, Tax Liens and Levies | 2 Comments »