Arizona

IRS Debt Blog

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By Michael S. Anderson of Anderson Tax Law logo for Arizona tax attorney Michael S. Anderson P.C.
  • 3 Problems IRS Liens create if a bankruptcy is filed

    When the IRS is owed more than $10,000.00, it will record a notice of federal tax lien in the County in which you or your real property are situated.  It will do this unless you’ve arranged a streamlined installment agreement, or you file a bankruptcy case before the recording occurs. The recorded document puts the world…

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  • What is the IRS Fresh Start Program?

    The IRS Fresh Start program was created a few years ago.  It’s claim at the time was that “struggling” taxpayers needed some help so it changed some of the ways it did business with taxpayers.  The changes were done in three areas.  IRS Liens, IRS Installment Agreements and IRS Offers in Compromise. It is debatable whether…

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  • How many years will my IRS currently non collectible status stay in place?

    When you are in an IRS currently not collectible status (CNC status) you are protected from IRS collection enforcement.  The IRS can’t levy or garnish and other than possibly filing a notice of tax lien, it leaves you alone. This sounds great,  but in order to be placed in this status you have to convince…

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  • How to Deal with an IRS Tax Lien

    IRS Regularly Records Tax Liens The IRS likes to file Notices of Federal Tax Liens. It will do it even when you don’t have any property, when you enter into an agreement for a payment plan and whenever your debt amount reaches a certain level…usually more than $25,000.00 IRS Liens Recordings Create Problems These Liens…

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  • Tax Debt as a result of IRS Audit? Do I have options?

    The result of an IRS audit is often a balance due.  We are often asked several questions at the end of an Audit as a result.  Questions like: Will the IRS accept an amount less than what I owe and forgive the balance? Will the IRS agree to a payment plan? Will the IRS place…

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  • 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…

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  • 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…

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  • IRS Lien Withdrawal – The $25,000.00 Rule

    IRS Lien Withdrawal – Get to $25,000.00 and it can happen The IRS Tax Lien hurts your credit.  It really does, and everyone is afraid of it as a result.  There are a few ways to get rid of it though or even avoid it in the first place for that matter.  Read more here…

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  • IRS Lien – 6 ways to deal with it

    The IRS Likes to Record Liens The IRS enjoys recording a Notice with the County Recorder that a Tax Lien exists. This is how it protects its ability to get paid as to any assets that exist. It likes to do it so much that it will file a Notice of Federal Tax Lien with…

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