Posts Tagged ‘garnishment’

Can a taxpayer submit more than one Offer in Compromise?

  • February 9th, 2021
  • David Greene
  • Comments Off on Can a taxpayer submit more than one Offer in Compromise?

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?

  • September 9th, 2020
  • David Greene
  • Comments Off on How is a levy different from a lien?

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…

The PEOPLE FIRST INITIATIVE from the IRS

  • April 3rd, 2020
  • David Greene
  • Comments Off on The PEOPLE FIRST INITIATIVE from the IRS

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?

  • March 12th, 2020
  • David Greene
  • Comments Off on Which people get in tax trouble the most?

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?

  • November 20th, 2019
  • David Greene
  • Comments Off on Is the Offer In Compromise program a scam?

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…

Hints to help new businesses stay out of tax trouble.

  • September 4th, 2019
  • David Greene
  • Comments Off on Hints to help new businesses stay out of tax trouble.

There are many hints or suggestions I can give a new businessman, but I do not have that much room.  I will give you five very important hints to keep you straight with the IRS.  First, form your business as…

Alternatives to the Seizure of your Home for Delinquent Taxes.

  • July 9th, 2019
  • David Greene
  • Comments Off on Alternatives to the Seizure of your Home for Delinquent Taxes.

There are several collection alternatives to seizure that are available to taxpayers.  In fact, seizure of your home or other property is the last avenue the IRS will pursue.  I am not discussing levies on wages or bank accounts here….

Is this a good time to file an Offer In Compromise?

  • May 14th, 2019
  • David Greene
  • Comments Off on Is this a good time to file an Offer In Compromise?

The answer is both yes and no.  In general, i.e. in terms of “now” as opposed to several years ago, this is a good time to deal with the IRS.  They have generally been more willing to compromise and make…

Can VA disability payments be levied by the IRS?

  • January 29th, 2019
  • David Greene
  • Comments Off on Can VA disability payments be levied by the IRS?

There is a federal statute that generally protects VA disability income from attachment, levy or seizure.  However, in a recent federal case from Colorado, the judge ruled that this statute does not apply to levies issued by the IRS so…

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