Arizona

Tax Debt Blog

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By Michael S. Anderson of Anderson Tax Law logo for Arizona tax attorney Michael S. Anderson P.C.
  • Self Employed? Pay your estimated taxes monthly

    The Robert Burns’ poem To a Mouse, written in 1786, is an apology.  The story has it that Mr. Burns upended a mouse’s home while plowing a field and felt particularly bad about it.  To make amends, he wrote his feelings down as a poem. The most famous portion of the poem reads: But little…

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  • Avoiding IRS Seizure of Retirement Account After Bankruptcy

    There are dozens of issues that have to be recognized, discussed, and planned for… before a bankruptcy is filed.  For people with IRS debt and an IRS lien, the issue of avoiding IRS seizure of a retirement account after bankruptcy is a big one. First, some background: When you owe the IRS money, it will record…

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  • How much money can the IRS garnish from my paycheck?

    The most an Arizona creditor with a judgement can garnish from your paycheck is 25%.  The IRS is a different animal and isn’t subject to Arizona’s exemption laws.  As a result, it can garnish much more.  In some cases, the majority of the paycheck can be taken.  (See IRS wage levy page) In 2015, a…

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  • Chapter 13 Bankruptcy Can Be A Good Alternative to an IRS Payment Plan

    Dealing with a large IRS debt is difficult.  The IRS doesn’t want to “settle” and most people aren’t able to qualify for a real settlement.  They end up in a payment plan as a second choice.  That payment plan is often difficult as well, as the IRS isn’t taking into account all of the budget…

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  • How does the IRS know so much about me?

    The IRS is in the business of collecting money and it has some advantages that other money collectors don’t have.   Your employer submits a report of your income each year to the IRS.  If you are self employed, your vendors or others send the IRS a 1099 misc. form.  The bank sends the IRS…

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  • 9th Circuit BAP Reviews the Late Filed Return and Bankruptcy Issue

    Keith Fogg, at the terrific tax blog “Procedurally Taxing” has provided a short review of the Martin v. United States Case wherein the 9th Circuit Bankruptcy Panel (BAP) rejects the literal interpretation of Bankruptcy Code Section 523(a)(*).   You can read his review here. If you have tax debt, and have been following the issue…

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  • If the IRS can’t recover, it can’t seize or levy

    If the IRS can’t recover, it can’t seize or levy Pursuant to Internal Revenue Code Sections 6331(f) and 6331(j)(2)(c), the IRS cannot seize property or levy unless doing so will result in money for it. I recently represented a client who had some equity in a vacation home.  The IRS Revenue Officer wanted the home…

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  • Tax Withholdings – Use them to ensure you won’t owe again

    It’s easy to file a tax filing extension with the IRS.  A simple form is filled out, the amount you think you owe is included, and in theory… that amount and the form are sent into the IRS before the April 15th deadline. This allows you to put off filing the return until much later…

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  • Legislators consider private IRS debt collection

    The U.S. Senate passed it’s version of a bill meant to fund the highway system, but included language in the bill that would privatize much of the IRS’ collection responsibility.  The U.S. House of Representatives is working on it’s own highway bill and may just include a similar provision.  (The House GOP Wants Private Debt…

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  • IRS problems don’t just go away – put the fire out

    IRS problems don’t just go away.  The cartoon is a clumsy way of making the point. The point is that you have to do something.  You can’t ignore the problem and just go about your business. Your house is on fire and you may not realize it. The most common “house-fire” we see is that…

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