How is a tax levy different from a lien?
- March 28th, 2017
- David Greene
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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?
- March 21st, 2017
- David Greene
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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.
- March 14th, 2017
- David Greene
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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…
What does the IRS mean by “Currently Not Collectible” status?
- September 20th, 2016
- David Greene
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There is an IRS program called Currently Not Collectible Status. To qualify for that status you do not need to be destitute with no assets and no job. You do need to be in such a position that all or…
Please visit my blog at www.greenelaw.legal to learn about the IRS “Dirty Dozen” tax scams.
- July 19th, 2016
- David Greene
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Each year the IRS compiles its Dirty Dozen tax scams – the worst of the worst. Here they are. 1. First on the list is Identity Theft. We addressed this in May. 2. Phone scams – One type of phone…
Which is better, an Offer in Compromise or Installment Agreement – Part 2
- June 21st, 2016
- David Greene
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In my last blog I stated that if the taxpayer does not qualify for an Offer in Compromise, then we look at an Installment Agreement that is intended to pay the debt in full. However, sometimes the IRS will accept…
How can the IRS levy a self-employed person?
- April 26th, 2016
- David Greene
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Although the IRS cannot levy a self-employed person’s income in the usual way, i.e. sending the Notice to his employer to withhold money from his paycheck, they can still levy that person. One way is to send a levy notice…
Can a wage levy be stopped by agreeing to a voluntary payment plan?
- March 25th, 2016
- David Greene
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The answer depends on who is levying the wages. The South Carolina Department of Revenue will not release a levy after it has attached until the levy is paid in full. They take 25% of the employee’s gross (before taxes)…