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IRS Tax Lien Release – Part Three – Release and Subordination

Continued from IRS Tax Lien Release – Part Two – Lien Withdrawal Tax Lien Release and Partial Release of Lien  Second to getting the IRS to withdraw the lien entirely, you want to make sure that you get a tax lien release from the IRS. A tax lien release will still appear on a taxpayer’s credit, […]

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IRS Tax Lien Release – Part Two – Lien Withdrawal

Continued from IRS Tax Lien Release – Part One – Avoiding a Lien Strategies Once an IRS Tax Lien is in Place Once the IRS tax lien is in place, it generally will not release it unless the balance owed is paid in full or there is another justification for removing it (such as it […]

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IRS Tax Lien Release – Part One – Avoiding a Lien

Introduction to IRS Tax Lien Release One of the biggest debates in the tax practitioner community is the efficacy of IRS tax liens. On one hand, IRS tax liens help the government protect its interest in a taxpayer’s property and secure the underlying tax obligation with real or tangible personal property. On the other hand, […]

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Tax Payment Plan Criteria: How to Get Approved

Introduction to Tax Payment Plans When an individual cannot pay the full balance owed to the IRS, one of the most common solutions is to get that taxpayer set up on a tax payment plan. However, payment plans are not a matter of right, and taxpayers must meet several requirements in order to get their […]

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First Time Penalty Abatement Waiver Program

Introduction to the First Time Penalty Abatement Waiver Program Taxpayer penalties cause a lot of discord among my collection clients, who do not feel that it is fair that they pay a significant penalty to the IRS on top of their balance owed. However, penalties serve a significant purpose in encouraging taxpayers to comply with […]

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Penalty Abatements: Reasonable Cause Factors – Part Three

Continued from Tax Penalty Abatements: Reasonable Cause Factors – Part Two Tax Penalty Abatements Factor #5 – Undue Hardship (IRM 20.1.1.3.3.3) Undue hardships another factor that the IRS may use to abate a tax penalty. The IRS defines an undue hardship as something that is “more than an inconvenience to the taxpayer.[1]” In reality this […]

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Tax Penalty Abatements: Reasonable Cause Factors – Part Two

Continued from Tax Penalty Abatements: Reasonable Cause Factors – Part One Tax Penalty Abatement Factor #3 – Ignorance of the Law (IRM 20.1.1.3.2.2.6)[1] Although this factor is more difficult to use as a reasonable cause argument, ignorance of the law is still a factor that the IRS may consider when determining the validity of a […]

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Tax Penalty Abatements: Reasonable Cause Factors – Part One

My clients often get frustrated and take it personally when they receive a tax penalty from the IRS on top of their balance due. Tax penalties can substantially increase a balance that is owed to the IRS (coupled with the interest on top of those penalties) and turn a relatively small balance into a much […]

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Tax Levies and Property Exempt IRS Levy

Introduction to Tax Levies The IRS can be fairly aggressive when it comes to adverse collection action. The IRS uses certain tactics to usher taxpayer compliance and to reduce the size of balances that are owed on taxpayer accounts. Tax levies are one of these collection tactics. The general rule with tax levies is that […]

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Payment Plans: Partial Pay Installment Agreements

Introduction to Partial Payment Plans The IRS expects that taxpayer will pay any back taxes that are owed in full at the time that they are due or will get on a payment plan for the amount in question. However, the IRS does not like to wait long for funds and payment plans are generally […]

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