Tax Resolution Blog

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By Michael S. Anderson of Anderson Tax Law logo for Arizona tax attorney Michael S. Anderson P.C.
  • After the IRS Audit – A Basic Guide

    IRS Audit – Some Background In order to make sure that Arizona taxpayers follow the law, the IRS conducts audits on a certain percentage of us each year.  The IRS has several methods to determine who gets selected.  The most common are: The Discriminate Information Function – A computerized scoring system Infection Audits – The…

  • Another Successful Offer in Compromise – $143,000.00 reduced to $22,913.00

    We received confirmation of another successful offer in compromise today.  Our client owed the IRS approximately $143,000.00 in income tax debt and was facing several years of installment payments before the IRS collection statute ran out.  He wasn’t a candidate for bankruptcy as the IRS had filed the returns in question before he was able…

  • Unfiled Tax Returns? Answers to your most basic questions

    I have written about unfiled tax returns quite a bit.  The reason?  Many Americans don’t file tax returns on time and a good percentage of those people have failed to file returns for several years or more. If you haven’t filed in quite a while and have questions, this article will provide answers to most…

  • An IRS Lien release won’t remove the Tax Lien from your Credit Report…you must ask the IRS to Withdraw it

    IRS Lien? The IRS issues Notices of Federal Tax Lien (NFTL) with great regularity.  It’s own rules allow it to issue the NFTL if you owe more than $10,000.00.  There are a tremendous number of Americans who owe the IRS more than $10,000.00 and there are lots of NFTLs as a result. I write and…

  • Small Business Owner? Behind on Payroll Tax? You may be committing a Federal Crime.

    The Internal Revenue Code (IRC) at 26 U.S.C. Sect. 7202 makes the willful failure to collect, account for, and pay over employment tax a felony.  See 26 U.S.C. Sec. 7202. 26 U.S.C. Sect 7215 makes it a misdemeanor for simply failing to pay the money collected. Yes…it is a misdemeanor to collect FICA and Income…

  • What is the difference between an IRS Tax Lien Release and an IRS Tax Lien Withdrawal? Can I have both?

    An IRS Tax Lien – What is it? The IRS has a number of tools in its box to help collect tax debt.  One of them is the IRS “lien”. If a tax debt exists and you fail to pay it after the IRS demands the money… a lien automatically arises or exists in favor…

  • Is bankruptcy the only way to eliminate tax debt?

    Bankruptcy can be a powerful tool in dealing with serious tax debt.  It can wipe away certain types of tax debt based on income, employment, transaction privilege, penalty and interest and we use it to help clients get rid of millions in tax debt. BUT…it isn’t the only way to get rid of tax debt…

  • Does the IRS have to leave me with a “livable wage” if it garnishes my paycheck?

    No, the IRS doesn’t have to leave you a livable wage. The IRS must only follow a table that determines how much money it must leave for you to live on each month.  See IRS Publication 1494. The amount that it must leave is small, and there are just 4 factors that play into the…

  • BIG MYTH – Tax Debt Can’t Be Discharged in Bankruptcy

    After many years helping people deal with tax debt and the IRS, and with all the information on the Internet about solving tax debt problems, I am still surprised when someone tells me that tax debt can’t be wiped out in bankruptcy.  But it happens all the time. The truth is that tax debt can…

  • IRS Tax Lien? – Short answers to the most common questions

    When you settle a tax debt, pay it off or discharge it in Bankruptcy, when does the IRS Release the underlying tax lien? If the debt has been settled, paid, or discharged, Internal Revenue Code 6325 tells the IRS to release the lien within 30 days. If it doesn’t you can contact the IRS Lien Desk…