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Talk with a Tax Attorney Talk with a Tax AttorneyWhether you file the simple 1040EZ or a complex 1040 and a raft of schedules, making a mistake on your tax form could lead to big tax trouble. Something as simple as a math error or unsigned form could invite…
October 09, 2020
Of all the creditors or companies you might owe money to, the Internal Revenue Service can be the least forgiving about tax issues. If you don’t pay your taxes, the IRS will levy and take possession of your property, including…
January 17, 2020
The taxpayer filed his federal Form 1040 tax return for 2005 listing a total tax liability of nearly $90,000.00. The taxpayer then hired a different accountant who prepared and filed a federal Form 1040X, Amended U.S. Individual Income Tax Return,…
December 09, 2018
The IRS typically has ten years from the date the tax is assessed to collect that liability from a taxpayer. There are certain things that extend the collection statute of limitation, such as asking the IRS to grant an installment…
November 25, 2018
In a recent case, a wife who had unpaid employment tax liability due to the IRS from her sole proprietorship business transferred her one-half interest in the marital home to her husband. The deed transferred the property from both husband…
July 23, 2018
The Number of Tax Liens Filed by the IRS Plummets What exactly is a tax lien? It typically takes the form of a Notice of Federal Tax Lien – essentially, it’s a notice to the world that you have an…
June 18, 2018
According to the Wall Street Journal, America’s three main credit-reporting firms plan to delete tax liens from American credit reports. Additionally, no new tax lien information will be added to existing reports starting this month. (The credit firms in question…
May 18, 2018
If you owe money to the IRS, the IRS has many collection tools available to it to collect your unpaid liability, including the seizure of assets, the filing of tax liens, levying on your bank account and levying on your…
February 14, 2018
If you owe money to the IRS, the IRS is free to take enforced collection action against you, which can include placing a levy on your bank account or retirement account. However, certain payments are somewhat protected by levy, including…
November 16, 2016
An individual suffering from mental incompetence filed a tax return stating that he is a private governmental entity and not subject to taxation. He also stated that the levy placed by the IRS on his disability pension payments violates due…
July 01, 2016
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