Posts Tagged ‘levy’

Learn what the IRS charges to set up an Installment Agreement.

  • David Greene
  • Comments Off on Learn what the IRS charges to set up an Installment Agreement.

The IRS charges a user fee to set up an Installment Agreement for a taxpayer.  The IRS used to charge a user fee of $43.00 to set up the account for the Installment Agreement.  However, several years ago, this fee…

How is a tax levy different from a lien?

  • David Greene
  • Comments Off on How is a tax levy different from a lien?

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 until the taxpayer sells property), a levy is an…

Can a tax lien be used to seize your home?

  • David Greene
  • Comments Off on Can a tax lien be used to seize your home?

No, the IRS will not seize your home as a result of this Lien.  They would have to start a legal proceeding to reduce the lien to a judgment.  However, this lien does affect your property.  You can think of…

The IRS has a new Private Debt Collector program.

  • David Greene
  • Comments Off on The IRS has a new Private Debt Collector program.

Any time you owe back taxes you should be worried and it is always better to be proactive. You should be even more worried now because the IRS is implementing a new Private Debt Collection program.  The first one lasted…

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