plano: Plano TX - How to get an IRS Lien Released, Withdrawn or Discharged - 12/08/19 03:30 PM
Many of the Taxpayer’s coming into our Richardson, TX tax office with IRS Debt have a Notice of Federal Tax Lien (NFTL) or are under threat of an NFTL. As you’ve learned over the past few weeks, the Notice of Federal Tax Lien (NFTL) is a powerful tool of the IRS and having an NFTL filed can wreak havoc over your finances and your life. Today we’ll cover the forms to have an IRS Tax Lien Withdrawn or Released.
 
Release of an IRS Tax Lien
Generally, the IRS issues a Certificate of Release of Federal Tax Lien no later than 30 days … (2 comments)

plano: Richardson TX - Why a Taxpayer MUST always request their CDP Rights! - 07/23/19 10:33 AM
There are certain opportunities during the IRS Collection Process where taxpayers are given an opportunity to invoke their Collection Due Process (CDP) rights. These opportunities include when a Notice of Federal Tax Lien (NFTL) is filed, or when the IRS issues a Final Notice of their Intent to Levy the taxpayer (typically Letter 11 or 1058). When these notices are sent to the taxpayer, the taxpayer has 30 days to respond by filing IRS Form 12153 to invoke their CDP rights. I believe that if a taxpayer is given this right, they should ALWAYS invoke their CDP rights.
 
When the Form 12153 … (0 comments)

plano: Richardson TX - What is an IRS Levy and How Does It Work? - 04/25/19 02:37 PM
How Do Tax Levies Work?
Probably the most frequent reason that I have clients come into my Richardson, TX office, related to IRS debt, are when they are levied by the IRS. Being levied, or even the threat of a levy, is a horrible experience for most people, and when it happens, taxpayers are either extremely frightened or angry when they come to my office. This is understandable and we often work with clients to remove the levies and get life back to normal.  Today, we’ll address the overall process. In our next blog, we will discuss in greater detail how to … (0 comments)