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When Is An IRS Levy Continuous?
When Is An IRS Levy Continuous? The IRS has multiple ways to collect past due taxes. One of the most effective means for the IRS to collect is via the levying of monies from the taxpayer. A levy is a taking of property such as a bank levy or wage levy. When the IRS issues…
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What is a Substitute Filed Return by the IRS?
What is a Substitute Filed Return by the IRS? It is not as uncommon as one may think for individuals or businesses to fall behind in having their tax returns prepared and filed with the IRS. While not uncommon, not filing income tax returns can be problematic for many reasons especially if the IRS files…
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Can I Sell My House With an IRS Tax Lien?
Can I Sell My House With an IRS Tax Lien? When taxes are due and the IRS files a notice of federal tax lien, the lien attaches to all assets of the taxpayer. While the lien may create certain issues or problems for the taxpayer, the lien does not preclude the taxpayer from selling assets. …
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When Does the IRS File a Tax Lien?
When Does the IRS File a Tax Lien? The Internal Revenue Service is a very powerful creditor. While many people are aware of the IRS’ ability to seize assets such as levying a bank account, garnishing wages or seizing real estate, many are aware of one of the IRS’ most powerful collection tools: the tax…
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An IRS Revenue Officer’s Role in Resolving or Collecting a Tax Debt
An IRS Revenue Officer’s Role in Resolving or Collecting a Tax Debt If you owe individual taxes to the IRS or your business has a tax debt to the IRS, there is a strong likelihood that a revenue officer could be assigned to your case. Revenue Officers are assigned to resolve the tax debt and…
