Month: April 2009

If you receive a Notice and Demand for Payment from the IRS, the 10 – day countdown begins as to what could potentially be one of the biggest financial nightmares one can face – a lien on your property by the IRS. When a lien is placed on your property, all of your creditors are notified that …

The most financially – catastrophic IRS debt collection method is on the rise. In 2006, the IRS reported 3,742,276 levies (garnishments), 629,813 liens, and 590 seizures. Garnishments show a 36% increase over the years 2005 and an 84% increase over 2004. As opposed to liens and seizures – …

On April 8th, Nathan Hochman, the Department of Justice’s Tax Divisions’ Assistant Attorney General, announced the creation of the National Tax Defier Initiative. This new initiative is meant to crack down on those deliberately trying to evade their federal tax obligations by rejecting the legal …

Numerous studies show that the money problems are the #1 source of arguments in marriage. Credit debt, loss of a job, unforeseen expenses – you name it…all can be stressful on a marriage. But if you toss IRS problem into the mix, you may have a recipe for disaster. The IRS has more far – …

Most people with IRS problems don’t deal with them – until something ugly happens – like they discover they have a tax lien filed against them, or their business is padlocked, or their bank account goes bye – bye. People with IRS problems have one thing in common – they’re afraid…very …

Did you know the IRS can take anyone’s Social Security to satisfy a tax debt? It’s true. If you owe money to the IRS, and you are receiving Social Security benefits, the IRS can take up to 15% of your Social Security payments to satisfy your tax debt.

Actually, I’m more inclined to believe ex – Sen. Phil Gramm’s observation that the current recession is more “emotional” than ‘”actual.” But just in case I’m wrong, as Americans struggle to make ends meet in a sluggish economy, many will be tempted to dip into the money that they should pay to …

Busting tax cheats pays well – just ask Heinrich Kieber. This former computer technician from the tiny country of Liechtenstein stole 3 CDs worth of banking data containing damning tax – skirting evidence against many of the world’s richest people. Twelve countries have paid him for the …