Articles Posted in IRS Federal Tax Lien

IRS tax lien

The IRS is actively and aggressively pursuing individual and business taxpayers with aggressive collection actions. IRS enforcement could be in the form of a tax lien, where the IRS files a lien at your county recorder’s office as a public record so the taxpayer cannot sell assets or property without paying their taxes, penalties and interest.

The IRS also enforces collection actions through tax levy and tax garnishment actions against the taxpayer paycheck and bank accounts. Taxpayers should avoid these enforcement actions by resolving their back tax matter with the IRS.

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Taxpayer Rights Power of Attorney – Representing individuals and businesses before the IRS

If you live in Las Vegas, then finding the right tax attorney can be crucial if you are facing tax issues. From filing your business tax returns to getting proper representation for an IRS tax problem, a qualified tax lawyer is a very valuable resource. A Las Vegas tax attorney will offer the aforementioned services as well as the following;

  • Back Tax Help
  • Innocent Spouse Tax Relief
  • IRS Help
  • IRS Tax Audit Representation
  • Tax Debt Settlement
  • Tax Negotiations & Resolution
  • Payroll Tax Problem Help
  • Unfiled Tax Returns
  • Wage Garnishment Release & More

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Taxpayer Rights Power of Attorney – Representing individuals and businesses before the IRS

If you live in the greater Orlando area, finding the right tax attorney can be crucial if you are facing issues with the IRS, starting up a new business, or simply need assistance with filing your tax return. The typical services offered by a tax lawyer start with basic assistance in filing business taxes along with the following;

  • IRS Help
  • IRS Tax Audit Representation
  • Tax Debt Settlement
  • Tax Negotiations & Resolution
  • Payroll Tax Problem Help
  • Innocent Spouse Tax Relief
  • Unfiled Tax Returns
  • Back Tax Help
  • Wage Garnishment Release & More

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Taxpayer Rights Power of Attorney – Representing individuals and businesses before the IRS

Tax representation by a tax lawyer

Did the IRS claim that you did not report all your income? Did they disallow some of your expenses or deductions? Have you been audited, and the bank deposits were more than what you reported in sales and revenue? The IRS would generally recompute your taxes, and add stiff penalties and interest as well.

If you were being represented by a power of attorney, tax lawyer, CPA or an EA enrolled agent, your representative would have been able to explain to the IRS that not every deposit is income. Many taxpayers transfer funds from credit lines to meet urgent expenses, others obtain loans to pay accounts payable. So, to sum, not every deposit should be income to be taxed on.

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Do you owe 941 employment and payroll back taxes?

The answer is:

Yes the IRS take a lien out on property for payroll taxes.

Under IRC §6321, the federal government can encumber property with a general tax lien. Generally, this lien can be used to encumber any property that the taxpayer owns (this is generally determined under state law). A tax lien will be imposed on a taxpayer when he neglects or fails to pay taxes after demand by the government.

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The IRS may seize all property and rights to property (except for exempt property), whether the property is real or personal, tangible or intangible, belonging to any taxpayer who neglects or refuses to pay back taxes, or any property on which there is a tax lien for payment of any tax.

Get professional IRS representation. Our firm represents taxpayers before all administrative levels of the IRS.

Please call us at 1-877-788-2937 or email us to schedule an appointment.

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A tax lien is a type of claim against property that secures the payment of a tax debt. A Federal Tax Lien is a non-consensual lien that gives the IRS an interest in the taxpayer’s property (this interest will allow the IRS to seize and sell the taxpayer’s property in order to satisfy an assessment). Under §6321, the tax lien is imposed in favor of the United States Treasury when an assessment has been made by the IRS, a notice and demand for payment has been made, and the taxpayer has neglected or refused to pay the assessment. Under §6322, the IRS tax lien arises at the time the assessment was made.

The lien attaches to all property and rights to property belonging to the taxpayer at the time the lien arises as well as any property acquired after the lien arises. The IRS files a Notice of Federal Tax Lien to put the taxpayer’s other creditors on notice that the IRS has a claim against all of the taxpayer’s property. The IRS lien continues until liability for the assessment is satisfied by payment or abatement, or the assessment becomes unenforceable by reason of lapse of time.

Get professional IRS representation. Our firm represents taxpayers before all administrative levels of the IRS.

Please call us at 562-204-6700 or email us to schedule an appointment.

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We provide IRS tax help, tax relief, tax resolution and IRS audit representation in the Inland Empire area of Riverside County, Cathedral city, Corona, Hemet, Indio, Jurupa Valley, Menifee, Moreno Valley, Murrieta, Palm Springs, Riverside, Temecula. We also serve clients in San Bernardino County, Apple Valley, Chino, Chino Hills, Colton, Fontana, Hesperia, Highland, Ontario, Rancho Cucamonga, Redlands, Rialto, San Bernardino, Upland, Victorville and Yucaipa.

The IRS has identified many individual and business taxpayers who fail to file income tax returns (1040 for individuals and 1120 for corporations) and employment tax returns (940 and 941) and effectively stop paying federal taxes as a serious concern to the US tax administration and the American economy as a whole. The IRS is actively pursuing non-filers owing back taxes with aggressive enforcement of the tax laws by issuing record numbers of tax levies and tax liens.

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The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please contact us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the impact of those that are unfavorable.

IRS has issued detailed guidance on the 2010 Tax Relief Act’s 100% bonus depreciation rules for qualifying new property generally acquired and placed in service after Sept. 8, 2010 and before Jan. 1, 2012. Overall, the rules are quite generous. For example, they permit 100% bonus depreciation for components where work on a larger self-constructed property began before Sept. 9, 2010, allow a taxpayer to elect to “step down” from 100% to 50% bonus depreciation for property placed in service in a tax year that includes Sept. 9, 2010, permit 100% bonus depreciation for qualified restaurant property or qualified retail improvement property that also meets the definition of qualified leasehold improvement property, and provide an escape hatch for some business car owners who would otherwise be subject to a draconian depreciation result.

Under the 2010 Tax Relief Act, a taxpayer that buys and places in service a new heavy SUV after Sept. 8, 2010 and before Jan. 1, 2012, and uses it 100% for business, may write off its entire cost in the placed-in-service year. A heavy SUV is one with a GVW rating of more than 6,000 pounds.

Do you owe unpaid back taxes? There are tax relief solutions to your IRS tax problems.

The IRS could file a federal tax lien to protect the US government from the back taxes owed by the taxpayer. Although the federal IRS tax lien attaches to all the taxpayer’s property, some property is exempt from the IRS levy. The following items could be exempt from levy to some extent:

(1) wearing apparel and school books,