Category: Back Taxes

The IRS will place a lien on your property to secure payment of your tax debt. A Notice of Federal Tax Lien may be legally issued by the IRS only after the following 3 requirements are met: The IRS makes an assessment against the taxpayer; The IRS sends the taxpayer a written Notice and Demand for Payment; and The taxpayer… Continue reading IRS Liens and How to Get Rid of Them

In these bad economic times few of us have any extra cash laying around after we pay our monthly living expenses. The IRS doesn’t care about that, right? Wrong. If you can’t pay your debt and can prove it, the IRS will stop (at least temporarily) attempting to collect the debt from you. Non-Collectible Status… Continue reading Unfiled Returns? Back Taxes? What are Your Options?

The Associated Press reports that singer Lauryn Hill pleaded guilty to failing to file tax returns on more than $1.5 million she earned from 2005 through 2007. Hill’s attorney said she plans on paying the back taxes, interest and penalties before she is sentenced in November. Ms. Hill claimed that she didn’t pay her taxes because “she withdrew… Continue reading Singer Lauryn Hill Guilty of Failing to File Tax Returns