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Articles in category 'Liens and Levies'
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…Read Full Article Categorized in: Back Taxes, Blog Posts, IRS Collections, Liens and Levies, Unfiled Tax Returns
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…Read Full Article Categorized in: Back Taxes, IRS Collections, Liens and Levies, Tax Problems
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…Read Full Article Categorized in: IRS Collections, Liens and Levies, Tax Problems, Tax Tutorials