Why borrowing money, from a bank, your retirement, a rich uncle to pay off the IRS may be the worst idea.

Whenever you call the IRS about a past due tax bill, or a Revenue Officer makes “first contact” with you, one of the first things that an IRS employee will do is ask you, is that you pay your past due IRS tax bill in full. Once you tell them that you are  unable to pay your debt in full (and before they ask you if you want to pay it off with an installment agreement) the next thing they will ask you, is “can you borrow money to pay off the your tax bill?“

Well before you go ask for money from a bank, your parents or a rich uncle, first read this article on why borrowing money to pay the IRS off in full, in some circumstances, is the worst possible idea.

Before asking to borrow money for your rich uncle to pay off an IRS lien, read the rest of this article.

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Federal Tax Lien Relief

This has been a project that I have been finally able to complete. Our exclusive webinar on Federal Tax Lien Relief. here’s the promo for it on youtube.

And you can sign up right here for this exclusive Federal Tax Lien Relief webinar right here.

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Congress considering law allowing IRS to report tax debts to credit bureaus

Or, Congress proposes beatings until moral improves.

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Federal Tax Lien Help Findings from the Inspector General

I credit Taxpayer advocate Nina Olson with some fine work getting the word out about federal tax lien withdrawals. In fact, lien withdrawal requests have increased 142% from 2010 to 2011. 

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IRS Seizure of Assets

Last year, the IRS was found to be in compliance of its own seizure of assets regulations 56% of the time (which if my memory serves me correctly, if were were to assign a letter grade to such performance, the most appropriate letter would be an ‘F’).

But great news. According to the the Treasury Inspector General’s June 29, 2012 report, the IRS has drastically improved! The IRS’ Seizure of Assets rules are now followed 78% of the time, with a mere 11 out of 50  sampled seizure procedures found to be non-compliant.

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How to Stop the IRS from filing a tax lien

There are several myths of why the IRS files tax liens. And this article addresses some of the more common reasons. And once you understand that reasons, you will learn how to stop the IRS from filing a tax lien.

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Last year, I expressed skepticism over the  IRS’ claim that it would be more understanding regarding collections matters. Here and here. So what do the numbers for 2011 show? Did the IRS ease up a bit? Anyone wondering if now is the time to settle back tax debt with the IRS, should read  article to get our latest update of the state of affairs with IRS collections.

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When it comes to the purchase or sale of real estate, a myriad of tax problems can arise that require the help of a real estate tax attorney. This article explains the most common issues and explains what can be done about them.

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Another day, another tax resolution scam outfit popping up. This one, is so clever it won’t even tell you its name.

This is how it works. Read More…

Filing of Federal Tax Liens at record highs to detriment of taxpayers and economy-at-large

The number of Notices of Federal Tax Liens filed against delinquent taxpayers in recent years is on an alarming upward trend. Since 2003, the number of Federal Tax Liens filed against those who owe back taxes to the IRS has increased by 250% (see chart below). Meanwhile, the number of Tax Liens released by the IRS has remained stagnant.  This trend is likely to continue, which is terrible news for taxpayers in trouble, and even worse news for the economy generally.As discussed below, the filing of a Notice of Federal Tax Lien can have far-reaching and potentially devastating consequences for a taxpayer, even after the tax obligation is satisfied and the Lien released.Yet, there is a solution.

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