Posts Tagged ‘tax lien’

Taxpayers’ Ability to Appeal Federal Liens and Get Tax Help Jeopardized by IRS Violation of Tax Lien Notification Requirements

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
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Income Tax Relief for Taxpayers: Reduce Your IRS Debt by Qualifying for Offer in Compromise

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
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Ask the Tax Resolution Expert: When Does the IRS 10 Year Collection Statute Expiration Date Begin?

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
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California Taxpayers with the Largest Delinquent Income Tax Bills Owe $143 Million in Back Taxes

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
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Overcoming Tax Burdens - Insider Tips For Qualifying for an Offer in Compromise

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
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IRS Plan To Help Taxpayers Refinance Their Homes Offers Little Relief For Distressed Homeowners

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
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Delayed IRS Collection and Currently Not Collectible Status

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
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