Here is a practical question from a reader about a concern of everyday living – IRS seizure of your car to pay your tax debt. If I own a free and clear vehicle that is...
Read PostCategory: IRS Enforcement Statistics, IRS levies and property seizures, IRS Seizures, Revenue Officers
The IRS Taxpayer Advocate, Nina Olsen, reported in her recent testimony to the House Ways and Means Committee that the IRS classified nearly $20 billion in tax debt as “currently not collectible” in 2008. ...
Read PostCategory: Currently Not Collectible, Economic hardship and the IRS, IRS Enforcement Statistics, Trust fund recovery penalty
I received this question from a reader about a closed business that owes employment taxes to the IRS, and her personal liability for the taxes: The IRS is trying to collect on employment taxes from...
Read PostCategory: Currently Not Collectible, Employment taxes, IRS Enforcement Statistics, Trust fund recovery penalty
Here are five more situations in which the IRS is barred from taking collection action against you: When the timeframe to collect the liability has expired. The IRS has 10 years to collect a liability...
Read PostCategory: Bankruptcy and the IRS, IRS collection notices, IRS Enforcement Statistics, IRS levies and property seizures, IRS Seizures, Statute of limitations on collections
The IRS offer in compromise program has been promoted endlessly over the last several years. Turn on your television, open up the newspaper, or listen to the radio, and there it is. My clients usually...
Read PostCategory: IRS Enforcement Statistics, Offer in compromise
IRS enforced collection activity continues to heat up. Compromise settlements are down by 70% while bad debt accounts continue to accumulate. Here are the numbers: 1. 779,000 taxpayer accounts were assigned to the IRS collection queue. 2....
Read PostCategory: Currently Not Collectible, IRS Collection Problems, IRS Enforcement Statistics, IRS levies and property seizures, IRS Seizures, Offer in compromise
