Archive for February, 2009
Can the IRS Levy My Wages when I submit an Offer in Compromise
When you submit an offer in compromise to the IRS future active collections against you will be stopped and the IRS will not come after you to collect what you owe. The IRS will let you work on trying to get the offer in compromise accepted before they begin levying you. This rule only applies [...]
Definitely Not Rescue 911
I was on a conference call yesterday with several other practitioners who practice in the area of tax problem resolution because I had a specific question that I was hoping to get answered but also because I wanted to get a sense of what other people around the country are dealing with related to the [...]
IRS Lien Releases
QUESTION: I owe the IRS a substantial amount of money, but I do not have any money left over at the end of the month after I pay my bills to be able to afford to pay anything on my taxes. I could refinance my house since the rates are a lot lower now and [...]