tax attorney: Can I sell a property in Mississippi with an IRS tax lien?
- 08/07/19 12:58 PM
Since I am a Mississippi tax attorney and my firm deals in civil and criminal taxpayer representation before the IRS and Mississippi Department of Revenue, a state or federal tax lien is something we deal with routinely. In fact, the majority of our clients do not find us until an IRS tax lien has been filed. Unfortunately, this means a large number of our clients are trying to sell the property to resolve their tax issues. Many also find the process may not be as simple as they first believe. But, the reality is, the IRS and/or Mississippi Department of Revenue will be more … (1 comments)
tax attorney: How to get rid of a IRS or Mississippi Tax Lien
- 08/07/19 12:23 PM
If you find yourself on the receiving end of an IRS tax lien, you’ll soon find the IRS takes a very firm stance, which can cause issues for the taxpayers. In general, the IRS will not remove an IRS tax lien without prompt action for the taxpayer, and in the meantime, the taxpayer's credit score and other economic factors will feel the brunt of the lien. An IRS tax lien can be removed under certain circumstances, but most will revolve around whether the IRS has a likelihood of collection tax revenue. The IRS has done its research, and the IRS knows that a tax … (0 comments)
tax attorney: Offer-in-Compromise in Mississippi: What makes an Offer-in-Compromise
- 08/07/19 12:14 PM
As a Mississippi tax attorney, we routinely work with clients throughout Mississippi to resolve their IRS federal tax debt and their Mississippi Department of Revenue state tax debt through the offer-in-compromise program. Of course, the first questions is always, how much do I have to offer? Unfortunately, the reality is, it depends. Before determining an offer amount, we must calculate was is called the taxpayer’s Reasonable Collection Potential, or “RCP.” It is this RCP number that will dictate the taxpayers resulting Offer-in-Compromise settlement amount.
So what is the Reasonable Collection Potential?
Well, for our clients in Jackson, Mississippi, and throughout Mississippi, we … (4 comments)
Since I am a Mississippi tax attorney and my firm deals in civil and criminal taxpayer representation before the IRS and Mississippi Department of Revenue, a state or federal tax lien is something we deal with routinely. In fact, the majority of our clients do not find us until an IRS tax lien has been filed. Unfortunately, this means a large number of our clients are trying to sell the property to resolve their tax issues. Many also find the process may not be as simple as they first believe. But, the reality is, the IRS and/or Mississippi Department of Revenue will be more … (1 comments)
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