What is the impact of successive bankruptcies on the tax discharge timing rules?

A great question from a reader about discharging taxes when \ successive bankruptcies are filed:
Mr. Levy – I hope you can help me.  I owe back taxes and filed a Chapter 13 to repay the IRS.  The Chapter 13 was dismissed because I could not keep up with the payments.  Now I would like to file a Chapter 7 to eliminate [...]

Five ways to lower the value of your offer in compromise

Being successful in an offer in compromise can depend on how much you know about IRS settlement guidelines.  An offer in compromise is a negotiation – you may have points to make with the IRS that only you can raise. 
Here are five pointers to lower the value of your offer in compromise: 
(1)      Make sure you claim property the IRS cannot take [...]

Does the IRS have the right to see your personal finances before completing a trust fund investigation?

IRS trust fund recovery penalty investigations are a sure source of unease.  Trust fund investigations can place personal liability on you for not paying your employees’ withholding taxes to the IRS.
Adding to the dilemma is an IRS request during the trust fund investigation for a personal financial statement (Form 433A) detailing your assets, income and living expenses.
If the IRS makes a request for a [...]

What’s the difference between an IRS tax lien and a tax levy?

The IRS has two ways to collect back taxes:  a Federal tax lien and tax levy.  A tax lien is different from an IRS levy – the lien does not result in the IRS taking your property from you.  That is done by levy.
You have rights to defend the filing of a lien, and prevent the issuance of a levy.  To be able to [...]

Will the IRS take my house? Seize my car?

One of the most common concerns about owing the IRS back taxes is that they will show up one day and take your house or car from you.
No matter what the IRS may tell you or what you may have heard, it is very unlikely the IRS will levy on your house, car or furniture.  The assets [...]

IRS installment agreement vs. Chapter 13 bankruptcy: Which repayment plan saves you the most?

Trying to repay the IRS in an installment agreement can be difficult.  The interest and penalties the IRS charges doubles the original amount of tax you owe every five years.
Your installment agreement may keep the IRS at bay, but your tax liability does not get paid off.
The tax code and the IRS offers no real way [...]