The IRS will place a lien on your property to secure payment of your tax debt. A Notice of Federal Tax Lien may be legally issued by the IRS only after the following 3 requirements are met: The IRS makes an assessment against the taxpayer; The IRS sends the taxpayer a written Notice and Demand for Payment; and The [...]

Far too often when an unrepresented taxpayer speaks to an IRS collection agent the agent lies to him by making one or more of the following statements: You must pay the debt or you will be criminally prosecuted If you don’t pay the debt in full within so many days, your assets will be seized It’s a [...]

If the IRS has placed a lien on you or has issued a levy to your bank, your employer or your customers, you need to act quickly. What We Need From You In order to assist you in getting the lien removed and the levies released, we will need the following information from you: A legible [...]

In our previous tutorial, How to Deal With IRS Collection Agents, we gave you general pointers on the best way interact with Revenue Agents and ACS collection representatives. This tutorial addresses the actual negotiation process in connection with Installment Payment Agreements and Offers in Compromise. IRS Payment Plans and IRS Settlements Are Negotiated Many people [...]

Tax debtors are not unlike other debtors. They, too, want to protect their assets from potential seizure. But if they do it illegally or fraudulently, the IRS has the power to refer the matter to its criminal investigation division (CID). Taxpayers have to be extremely careful before embarking on a plan of asset protection when [...]

The Dreaded IRS Notice Nobody likes getting an IRS notice that doesn’t include a refund check along with it. But the truth is if you live long enough you are bound to get an unhappy letter from the tax man at some point. Many of our clients come to us only after they have received [...]