Our blog is written by Former IRS Revenue Officers, Enrolled Agents, and CPA’s to give the tax professionals tips on helping their clients deal with the most difficult IRS issues. Whether you are helping a client deal with an audit, offer in compromise, installment agreement, currently not collectible, levy, lien,…
The IRS offer in compromise program has been revised over the past year. It was revamped when the IRS announced the Fresh Start initiative in 2011. Since then the forms have been changed a couple of times. Thanks to professionals that advocate for tax payers and tax resolution issues, we…
Q: What is the difference between a tax lien and a tax levy? How do I explain lien vs levy to a client? A. Taxpayers often get confused when talking about a tax lien vs levy. They are both used as part of the collection process when taxpayers owe money…
If a taxpayer has paid the balance in full and received a release from the lien, is there a way to get that removed from the credit report, that way it can look like a withdrawal?
