Information on Lien Withdrawals
On February 24, 2011, the IRS Commissioner announced that for unpaid assessments of $25,000 or less, the IRS will grant lien “withdrawals” for taxpayers entering into a Direct Debit, Installment...
View ArticleIRS Installment Agreements are Palatable in the Current Economic Climate
The Internal Revenue Service announced that interest rates for the calendar quarter beginning January 1, 2012 will be the following: 3 percent for overpayments [2 percent in the case of a corporation];...
View ArticleInstallment Agreements and Refunds
Question: I am in an IRS installment agreement for back taxes that I owe. This year, I am due a refund. Will the IRS take my refund? Answer: Yes. If you review your installment agreement, there is a...
View ArticleThe IRS May Issue Notice of Levy While Installment Offer Pending
In a recent US Tax Court decision, Renald Eichler v. IRS (“Eichler”), Docket Number 725-12L, the Tax Court affirmed that IRC 6331(k)(2) does not preclude the IRS from issuing the Final Notice of...
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