IRS Tax Lien – Release and Subordination When a taxpayer has an IRS lien placed against them, resolving the lien is of the utmost importance in reducing its impact on the taxpayer, especially in regards to the taxpayer’s financial situation and credit. If a taxpayer has the means and can pay off the balance of
irs collections
Seizures
The Internal Revenue Service will institute collection proceedings when a tax debtor fails to meet his or her federal tax obligations. One of the ways in which these collection proceedings can arise is in the form of the seizure of the tax debtor’s assets. A tax debtor facing this set of circumstances may find him
Locating Taxpayers and Their Assets
When a tax debtor fails to meet his or her federal tax obligations, the Internal Revenue Service will typically institute collection proceedings intended to satisfy the tax debtor’s obligations by way of a levy, lien, seizure and/or garnishment. In doing so, the IRS’ first step is to actually locate the taxpayer in question as well
Collection Appeal Rights
When a tax debtor fails to stay current with his or her tax obligations, the Internal Revenue Service (IRS) will eventually initiate collection proceedings in order to collect the outstanding tax liability from the tax debtor. Tax debtor should understand that just because the IRS is a federal agency, its actions are not always proper