Category: IRS Collections
IRS collection actions can move quickly. These articles cover liens, levies, wage garnishments, revenue officers, and the collection due process rights that protect Dallas taxpayers.
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Do Assets Disqualify You from Currently Not Collectible Status?
Let’s say you have some assets, but you are not rich. What you have is a smattering of things that are, well, honestly, not worth that much. Maybe it is a house with a mortgage that needs a lot of repairs. Maybe it is a small retirement account that was left over from a prior…
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Short State Law Statutes Can Limit IRS Collections
Taxpayers may think that as long as the IRS has valid tax liens, the government can reach any property the taxpayer once owned, regardless of when it was transferred or how much time has passed. This assumption is not always true. While federal tax liens remain valid for their statutory collection period, the government’s ability…
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When Can You Challenge Your Tax Liability in a CDP Hearing?
The Collection Due Process (“CDP”) hearing is often viewed as a last resort for taxpayers facing IRS Tax Collections. While these hearings provide important taxpayer protections, one of the most misunderstood aspects is when a taxpayer can challenge their underlying tax liability. Many taxpayers assume they can always dispute how much they owe during a…
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The IRS OIC: How Lifestyle Choices Impact Your Offer
Owing back taxes to the IRS can be a stressful and overwhelming experience for many individuals. The financial burden of paying back a large tax debt can seem insurmountable, leaving taxpayers feeling hopeless and unsure of where to turn for help. One option that may provide relief for those struggling to pay their tax debt…