What to do if you receive a certified letter from the IRS
- David Greene
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Many people are afraid to pick up a certified letter from the Post Office and are afraid to open it. However, you cannot help yourself by failing to act. Here is some advice on what to do when you receive…
What is the difference in a levy and a lien?
- David Greene
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A tax lien is a document recorded at the county register of deeds office which simply states that the individual owes the IRS the amount of money stated on the lien. If the person named sells real property, that lien…
How many different ways can the IRS try to collect taxes I owe?
- David Greene
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This is a good question, but one that cannot be answered in a short space. I will just discuss the primary methods. When one does not pay her taxes, she will first receive a friendly letter stating that she has…
A recent question was: How many different ways can the IRS try to collect taxes I owe?
- David Greene
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First, let me say that I hope all my readers had a wonderful Christmas. Two weeks ago I mentioned several collection methods. This week I will discuss seizure of property in more detail. If the taxpayer still does not pay…
Can a taxpayer submit more than one Offer in Compromise?
- David Greene
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Yes, one can certainly file a second Offer after a rejection, especially when there is a change in your circumstances. However, we should look at another possibility first. When an Offer is rejected, you have 30 days from the date of…
How is a levy different from a lien?
- David Greene
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I answered this question about the lien last week. This week I want to discuss how a levy differs from a lien. While a lien is simply recorded at the courthouse and is therefore a “passive” collection action (nothing happens…
What should a taxpayer do after receiving a threatening letter from the IRS?
- David Greene
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Even though most IRS offices are still closed due to COVID-19, some letters, computer generated and otherwise, are still being sent. When a person receives any Notice from the IRS, here are several things he can do: (1) Don’t panic. …
The PEOPLE FIRST INITIATIVE from the IRS
- David Greene
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In conjunction with the CARES Act and other directives from the President, the IRS has begun a new initiative called the People First Initiative. The highlights are as follows: If you are in an existing Installment Agreement, payments due between…
Which people get in tax trouble the most?
- David Greene
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I can’t say that there is any one group that tends to get in trouble more than any other, but there is one type of taxpayer who tends to get in trouble frequently. Self employed people tend to find themselves…
Is the Offer In Compromise program a scam?
- David Greene
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I’m happy to say that the Offer In Compromise program is not a scam and still works in the right circumstances. In fact, I have already had several Offers accepted in 2019! However, some unscrupulous people will take your money…