IRS Seizure Archives

March 16, 2018 By Michael

Steer Clear of These IRS Audit Red Flags!

A while back, we discussed some IRS audit triggers called the IRS Dirty Dozen list. This is a collection of filing no-no’s to avoid when you, or a tax preparer, is filing your tax return. They say the two most serious IRS audit red flags are falsifying income and using fake forms. And the bottom line is that ignorance is no defense – whoever dreamed up the scheme, YOU are on the hook when the IRS discovers the problem.

Now, let’s look at some other IRS audit triggers on the list.

Fraudulent Charities

The biggest offender here are those charities whose names sound like ones that are legitimate – but aren’t. These fake charities actually pull a double scam – they steal your well-intentioned gifts, and keep them away from the actual legitimate charities. So, steer clear of IRS audit trouble by doing your homework. The internet can help; in fact, the IRS has a helpful list to identify the known offenders.

Inflating Your Refund

If a tax preparer “guarantees” you a bigger tax refund before he even takes a look at your records – beware. Also be wary if your guy bases his fees on the size of your tax refund. And if he asks you to sign a blank return before he gets started – walk away.

Frivolous Tax Arguments

Got a beef with the Federal government? Save it for your blog, and NOT your tax return. If you want tax audit trouble, use your tax return as a forum for protest to avoid tax responsibility. Trust us, the IRS has heard it all, and they aren’t amused. Check out this IRS rundown of frivolous tax arguments.

Improperly Padding Your Deductions

In the midst of a tax panic, Homer Simpson once declared that “Lisa is now a clergyman, Maggie is seven people and Bart was wounded in Vietnam.” Avoid IRS tax problems – don’t be like Homer! Also, check out these IRS FAQs on proper Earned Income Tax Credits and child tax credits.

IRS Audit? Contact IRS Away Today

We’ll say it again: if you commit tax fraud knowingly, or an unscrupulous tax preparer leads you astray, YOU are ultimately responsible. The time to address your IRS tax problems is NOW. But you don’t have to go it alone. The IRS Away team offers you the peace of mind knowing that your tax problems are being dealt with effectively and professionally. Contact tax attorney Joseph M. Arndt III at (803) 771-4037 for a free consultation.

April 15, 2016 By Tax Attorney

IRS Tax Debt and Your Property

A Tax levy, under United States Federal law, is an administrative action by the Internal Revenue Service (IRS) under statutory authority, without going to court, to seize property to satisfy a tax liability. The levy “includes the power of distraint and seizure by any means”. The general rule is that no court permission is required for the IRS to execute a section 6331 levy. For taxpayers in serious debt to the IRS, the most feared weapon in the IRS arsenal is the tax levy. Using the powers granted to the IRS in the Internal Revenue Code, the IRS can levy upon wages, bank accounts, social security payments, accounts receivables, insurance proceeds, real property, and, in some cases, a personal residence. Under Internal Revenue Code section 6331, the Internal Revenue Service can “levy upon all property and rights to property” of a taxpayer who owes Federal tax. The IRS can levy upon assets that are in the possession of the taxpayer, called a seizure, or it can levy upon assets in the possession of a third party, a bank, a brokerage house, etc. All future statutory references will be to the Internal Revenue Code unless noted otherwise.

If you have tax problems and are concerned with a tax levy, contact us today.

May 6, 2015 By Tax Attorney

Many IRS Seizures Are Illegal, Government Report Concludes

But now, the increasingly popular Treasury Inspector General for Tax Administration reveals that 30% of IRS Seizures of Taxpayer Property don’t comply with the law.

Taking a taxpayer’s property for unpaid tax is called a “seizure.” Like any debt collector, the IRS can and does enforce collection in some cases. But there are many legal safeguards.

Read the full article >

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Tax Attorney Joseph Arndt can provide legal services should the IRS seize your property.

Put Your IRS Tax Problems Behind you - NOW!