connecticut: New Haven, CT: Can't Sell the House with a Tax Lien? Nonsense!
- 09/04/17 03:56 AM
GIven that the focus of my practice is civil and criminal tax repressentation, tax liens are something we deal with frequently. The refrain "I would love to sell my house but there is a tax lien" is one we hear so much it makes me nuts. The reality is this: you can absolutely sell the house. The IRS will be more than happy to allow the house to be sold. The only thing the IRS requires is that the seller who owes money to the government not walk away with money that the IRS should have received. So if the taxpayer owes money … (1 comments)
connecticut: LLCs in Stamford Connecticut: Connecticut Adopts the Uniform LLC Act
- 05/05/16 01:13 AM
We spend a significant amount of time representing Connecticut businesses in all sorts of transactions. Last night on May 4, 2016 the Connecticut State Senate voted to adopt the Uniform Limited Liability Act, impacting tens of thousands of Connecticut Limited Liability Companies (the Connecticut House of Representatives having already previously voted to adopt the Act). Upon Governor Malloy’s signing the bill (which is expected shortly) many Connecticut businesses will want to review the changes and see if the new Act operates in a way that works for their businesses. If not client’s should a written operating agreement in place before the … (0 comments)
connecticut: IRS Tax Debt Collection in Connecticut: IRS Collection continues to be a major issue that is exacerbated by the economic downturn
- 01/26/11 12:45 PM
<!--StartFragment--> We frequently represent clients in IRS collection situations, and spend a significant amount of our time helping clients in Hartford, Connecticut and elsewhere with installment agreements and offers in compromise to settle their outstanding federal tax debt. Based on the latest report to Congress by the IRS National Taxpayer Advocate, IRS Collection continues to be a significant issue for the government and taxpayers alike. The report cites statistics gathered between 2006 and 2010 that show an increasing federal tax debt with a taxpayer population that can ill afford to pay. Between 2006 and 2010 the IRS’s inventory of unpaid assessments … (0 comments)
connecticut: Connecticut Nominee Liens: Parking Assets in another's name? Beware the IRS Nominee Lien
- 09/25/10 02:57 PM
You're in Connecticut and not worried about the IRS collection letters because your assets are in somebody else's name? You may not be home free just yet: welcome top the dreaded Nominee Lien! A Nominee Lien is a lien that is filed against a third party by the IRS when a taxpayer who owes money to the IRS has assets titled in other people's names. A common instance of this arises when a husband is the sole wage earner paying all of the bills yet the house is titled in the wife's name. If the IRS Revenue officer (Collection) believes that the … (0 comments)
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GIven that the focus of my practice is civil and criminal tax repressentation, tax liens are something we deal with frequently. The refrain "I would love to sell my house but there is a tax lien" is one we hear so much it makes me nuts.
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