Tax Problems Archives - Page 5 of 7

January 30, 2016 By Tax Attorney

5 Convicted of Tax Fraud

COLUMBIA, SC

A federal jury in Columbia late Wednesday afternoon found five defendants guilty of committing various kinds of tax fraud in conspiring to get millions in IRS refunds and actually getting some $2 million before government agents discovered their scheme.

After five days of testimony and hearing from 27 government witnesses, the jury took just 90 minutes to find all five guilty of 36 out of 37 counts of charges related to various kinds of federal tax fraud. They will be sentenced at a later date.

During the trial, two of the five defendants took the witness stand to describe what even their lawyers admitted was a bizarre scheme whereby the defendants asserted their belief that the U.S. government has large stashes of cash accessible by people with secret knowledge of how to file the correct IRS forms.

The defendants face 10 or more years in prison each.

How Do I Get a Levy Released?

IRS Tax Levy

Contact the IRS immediately to resolve your tax liability and request a tax levy release. The IRS can also release a levy if it determines that the levy is causing an immediate economic hardship. If the IRS denies your request to release the levy, you may appeal this decision. You may appeal before or after the IRS places a levy on your wages, bank account, or other property. After the levy proceeds have been sent to the IRS, you may file a claim to have them returned to you. You may also appeal the denial by the IRS of your request to have levied property returned to you. For a full explanation of your appeal rights, see Publication 1660, Collection Appeal Rights (PDF).

The IRS is required to release a levy if it determines that:

You paid the amount you owe,
The period for collection ended prior to the levy being issued,
Releasing the levy will help you pay your taxes,
You enter into an Installment Agreement and the terms of the agreement don’t allow for the levy to continue,
The levy creates an economic hardship, meaning the IRS has determined the levy prevents you from meeting basic, reasonable living expenses, or
The value of the property is more than the amount owed and releasing the levy will not hinder our ability to collect the amount owed.

Please note: The release of a levy does not mean you don’t have to pay the balance due. You must still make arrangements with the IRS to resolve your tax debt or a levy may be reissued.

Contact Us for help with tax levy release requests, to resolve your tax debt, or to assist you in making arrangements with the IRS.

July 28, 2015 By Tax Attorney

Report Says IRS Mishandled 24,000 Tax Lien Notices

IRS tax liens are serious, spoiling your credit, preventing real estate closings, and damaging your reputation. They are usually correct, but not always. And they sometimes are not removed even after you have fully paid off the IRS. These are among the reasons you would be upset if you didn’t know there was an IRS lien filed against you. A new report, from the Treasury Inspector General for Tax Administration says some lien notices are mishandled.

In fact, the report says an estimated 24,237 taxpayers may have been adversely affected by tax liens where IRS notices went awry, appeal rights weren’t explained, etc. To be fair to the IRS, the report says in most cases the IRS mailed out the lien notices explaining the taxpayer’s appeal rights. IRS employees typically followed the correct procedures when a notice could not be delivered by the post office. Read more at forbes.com

Put Your IRS Tax Problems Behind you - NOW!

5 Convicted of Tax Fraud

COLUMBIA, SC

How Do I Get a Levy Released?

IRS Tax Levy

Report Says IRS Mishandled 24,000 Tax Lien Notices

Law Offices of Joseph M. Arndt III