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issuance-of-erroneous-letter-does-not-bind-the-irs

Issuance of Erroneous Letter Does Not Bind the IRS

The taxpayer filed his federal Form 1040 tax return for 2005 listing a total tax liability of nearly $90,000.00.  The taxpayer then hired a different accountant who prepared and filed a federal Form 1040X, Amended U.S. Individual Income Tax Return,…

December 09, 2018

taxpayer-argues-that-expired-collection-statute-of-limitation-bars-the-irs-from-collecting

Taxpayer Argues That Expired Collection Statute of Limitation Bars the IRS from Collecting

The IRS typically has ten years from the date the tax is assessed to collect that liability from a taxpayer.  There are certain things that extend the collection statute of limitation, such as asking the IRS to grant an installment…

November 25, 2018

tax-liens-survive-transfer-of-marital-home-from-husband-to-wife

Tax Liens Survive Transfer of Marital Home from Husband to Wife

In a recent case, a wife who had unpaid employment tax liability due to the IRS from her sole proprietorship business transferred her one-half interest in the marital home to her husband.  The deed transferred the property from both husband…

July 23, 2018

the-number-of-tax-liens-filed-by-the-irs-plummets

The Number of Tax Liens Filed by the IRS Plummets

The Number of Tax Liens Filed by the IRS Plummets What exactly is a tax lien? It typically takes the form of a Notice of Federal Tax Lien – essentially, it’s a notice to the world that you have an…

June 18, 2018

tax-liens-to-be-removed-from-credit-reports

Tax Liens to Be Removed from Credit Reports

According to the Wall Street Journal, America’s three main credit-reporting firms plan to delete tax liens from American credit reports. Additionally, no new tax lien information will be added to existing reports starting this month. (The credit firms in question…

May 18, 2018

Wrongful Levy Claim Against IRS on Social Security Benefits Dismissed

If you owe money to the IRS, the IRS has many collection tools available to it to collect your unpaid liability, including the seizure of assets, the filing of tax liens, levying on your bank account and levying on your…

February 14, 2018

Court Finds in Favor of Veteran Regarding IRS Levy on his Veterans Benefits

If you owe money to the IRS, the IRS is free to take enforced collection action against you, which can include placing a levy on your bank account or retirement account. However, certain payments are somewhat protected by levy, including…

November 16, 2016

IRS Won’t Abate Frivolous Position Penalty for Mental Incompetence

An individual suffering from mental incompetence filed a tax return stating that he is a private governmental entity and not subject to taxation.  He also stated that the levy placed by the IRS on his disability pension payments violates due…

July 01, 2016

Treasury Inspector General for Tax Administration

IRS Admits That its Collection Due Process Program Has Deficiencies

The Treasury Inspector General for Tax Administration recently conducted an audit of the IRS’ Collection Due Process program. What is Collection Due Process? A taxpayer can request a collection due process (CDP) or equivalent hearing on IRS Form 12153 if…

January 20, 2015

Taxpayer Cannot Challenge His Tax Liability in the Tax Court

Because the taxpayer had unpaid liability due to the IRS, the IRS issued the Final Notice of Intent To Levy seeking to collect the taxpayer’s unpaid liability for 2008 and 2009. In response, the taxpayer filed a Form 12153, Request…

December 04, 2014

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