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 [...]
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09 Sep 2011 / Blog Posts, IRS Liens, IRS Procedure, IRS Settlements, Tax Debts, Uncategorized
Tags: can irs take house, irs foreclosure, irs lien, irs seizure
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09 Sep 2011 / Blog Posts, Uncategorized
During an IRS audit the burden is placed on the taxpayer to prove that he made a deductible tax expenditure. Many taxpayers have been audited and because they were unable to provide receipts and records proving their deductions had taxes, penalties and interest assessed against them. But what happens if after the audit is over and the IRS has made its [...]
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Tags: audit reconsideration, irs audit reconsideration, tax audit, tax records
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22 Jul 2011 / Uncategorized
A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt. If you do not pay your taxes (or make arrangements to settle [...]
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