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Changes Made to Lien Process | Tax Tip of the Week | No. 83 March 9, 2011

Posted by bradstreetblogger in : Tax Tip, Taxes , trackback

In an effort to help struggling taxpayers, the IRS has recently made changes to their lien system and other collection tools. The changes include:

• Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens.
• Making it easier for taxpayers to obtain lien withdrawals after paying a tax bill.
• Withdrawing liens in most cases where a taxpayer enters into a direct debit installment agreement.
• Creating easier access to installment agreements for more struggling small businesses.
• Expanding a streamlined offer in compromise program to cover more taxpayers.

More information can be found in IR-2011-20.

If you know of someone in trouble with the IRS for taxes owed, have them contact us.  You do NOT want to deal with the IRS directly on these issues.  This is a situation when you really need a CPA or Enrolled Agent to guide you through the process.

As always, give us a call if you have any questions.

You can contact us in Dayton at 937-436-3133 and in Xenia at 937-372-3504.  Or visit our website.

Rick Prewitt – the guy behind TTW

…until next week.


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