If you owe federal tax and fail to pay, the IRS has a federal tax lien on all of your assets. The lien can be a secret and exists even if the IRS has failed to file a Notice of Federal Tax Lien in the public records. This secret lien can take your retirement funds [...]
Federal Tax Lien
Bankruptcy can clear some types of tax debt. It will not clear a federal tax lien that has attached to your assets. However, when no tax lien has been filed, income tax debt can be discharged and cleared from your record if some very specific requirements are met in either a Chapter 7 or a [...]
The National Taxpayer Advocate is taking the position that IRS collection officers need to consider all alternatives in working with down on their luck taxpayers. Congress established the Taxpayer Advocate program as part of the Internal Revenue Service Restructuring and Reform Act of 1998, legislation often referred to as the “Taxpayer Bill of Rights III.” [...]
