Bankruptcy Filing Tips

Child Tax Relief checks Important Fact

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Many people believe that a tax levy and a tax lien are one in the same; this is not the case. Simply put, a lien is placed on the home for security for the debt. With a tax levy the property is actually taken from the owner.

If your IRS case goes south or the tax attorney handling your case is a problem, you need to know exactly who you can complain to or who to seek redress from.

In fact, don’t bring to an audit any documents that do not pertain to the year under audit, or were not specifically requested by the audit notice.

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Just realize that in order to obtain an agreement, the taxpayer must be current on all tax filings. If you have not filed your tax returns there is no way to know for sure how much you owe and what your penalties and interest may amount to.

Because of this, you know that you are hiring someone with inside knowledge who can help you as only someone who understands the inner workings of an organization can. An EA can think one step ahead of either you or the IRS and help you hold on to as much of your money as possible.

If the cancellation of debt resulted from the disposition of your primary residence and you don’t qualify under the Act, you may be able to qualify under the insolvency exclusion.

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Lansing Lawyers Baumstark & Vincent

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