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By Michael S. Anderson of Anderson Tax Law logo for Arizona tax attorney Michael S. Anderson P.C.
  • Unfiled Tax Returns? Six things you need to know

    If you have unfiled tax returns and the IRS is looking for them as they always do, you should know a few things: 1.  The IRS has income and other information about you.  You can get the info from them. The IRS maintains a record of w-2 forms, 1099s, mortgage interest and other items that…

  • Will the IRS seize my home? Probably not.

    If you own a home, losing it may be one of your biggest fears.  If you own a home and owe the IRS a substantial debt, losing it is your biggest fear.  It is true that the IRS can take a home to sell and pay towards tax debt BUT it is hard for them…

  • 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…

  • 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…