In these bad economic times few of us have any extra cash laying around after we pay our monthly living expenses. The IRS doesn’t care about that, right? Wrong. If you can’t pay your debt and can prove it, the IRS will stop (at least temporarily) attempting to collect the debt from you. Non-Collectible Status [...]

Eva Rosenberg of SmartMoney recently wrote about why you should avoid tax relief firms like Roni Deutch, Tax Masters and J.K. Harris and those unamed scammers (they just have 800 numbers because they don’t want you to know who they are because then you can do some research about them and discover the record of grievances [...]

Many taxpayers wrongly believe that IRAs and other retirement accounts are protected from IRS seizure because the laws of their state exempt those assets from the reach of creditors. But since Federal law supersedes state law, the IRS is not bound by state exemptions as are other creditors. In short, the IRS can seize any property you own regardless of whether [...]

One of the questions taxpayers with delinquent tax debts ask us most frequently is “can the IRS take my house?” The bad news is that the IRS can indeed take your house. The good news is that it’s not easy for the government to take your house and, therefore, it does so only as a last resort. The IRS will [...]

If you can’t pay your tax debt in full, you will have to completely disclose your financial circumstances to the IRS. There is no way to avoid this disclosure requirement other than making full payment. A taxpayer’s financial information is provided on one or more of the following prescribed IRS forms: IRS Form Number Description [...]

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 [...]

In these bad economic times few of us have any extra cash laying around after we pay our monthly living expenses. The IRS doesn’t care about that, right? Wrong. If you can’t pay your debt and can prove it, the IRS will stop (at least temporarily) attempting to collect the debt from you. Non-Collectible Status [...]