Join the 9 million people who found a smarter way to get Expert help

Recent Lien questions

I owe $80k to the irs taxes. I red an attorney to help me,

I owe $80k to the irs for back taxes. I hired an attorney to help me, and because of my financial situation the irs agreed to and put me in the "currently uncollectible" status!My question is, what are the odds that they would now agree to an offer in compromise? Say I was able to borrow about 13k to totally call it even and close my case? And, if they DID agree to that, would they immediately take off the liens against me?

Read more

Mark Taylor

Certified Public Accountant

Masters

star-full
324 satisfied customers
I invested in an LLC ( $ 600,000.00 dollars ) & the LLC has

I invested in an LLC ( $ 600,000.00 dollars ) & the LLC has been losing money every year since iitial investment in 2013. Can I deduct, as a member, any of the loss on my taxes?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: Yes. The LLC took advantage of me & I never knew they had 2 Federal Tax Liens or other important information.JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,742 satisfied customers
Tax Advance Advisor and knowledgeable: Fresh Start

Tax Advance Advisor and knowledgeable: Fresh Start Initiative IRS Program: I need to know how to apply for the Fresh Start Initiative Program. The IRS says I owe $31,000 and it has affected everything. They put a lien on everything and I do not know how to remove it. They now have said they will take 15% of my social security which I get $2,000 and they plan to take $300 per month leaving me with $1,700 left per month and there is no way for me to pay my rent and cost of living. I am 63 years old and have no other income I also owe student loans of $121,000 and credit debt of $30,000. All of my assets are in storage and the movers are trying to auction them. Please help and give me good knowledgeable direction.This information is urgent for me so I really need someone who is knowlegeable on this program and what I can do.

Read more

PDtax

Owner

Master's Degree

star-full
6,766 satisfied customers
I have a potential tax client who is living on a small

I have a potential tax client who is living on a small pension. She has an IRS debt because her now deceased husband filed their taxes incorrectly. She has about 30k tax debt from earlier years due to the mis-filing, and the IRS has been reportedly telling her she should sell the house and use the proceeds to reduce her debt. Other than the house, she is probably un-collectible. Is there any way the IRS can compell a house sale or force her to borrow on the house?. Her third is only worth 15gs, and she is a minority owner. Any advice for this situation?on.,

Read more

emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

star-full
3,724 satisfied customers
Getting a second opinion on this question, as I have

Getting a second opinion on this question, as I have received conflicting information.I have a federal tax lien, and I am about to set up payment arrangements with the IRS. The tax lien is keeping me from getting additional capital for my business, so in order to run my business, if I do not get the lien released, it will cause me some difficulty obviously. Am I better to set up thepayment arrangements myself first, then file to get the lien released, or request the lien be released while I negotiate the payment terms at the same time. The amount of the lien is $17,000from tax year 2014. I would like the payments to be monthly, set for 72 months to keep the payment low, but I can pay double payments. Thanks for your response

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

star-full
16,742 satisfied customers
I have a federal tax lien, and I am about to set up payment

I have a federal tax lien, and I am about to set up payment arrangements with the IRS. The tax lien is keeping me from getting additional capital for my business, so in order to run my business, if I do not get the lien released, it will cause me some difficulty obviously. Am I better to set up the payment arrangements myself first, then file to get the lien released, or request the lien be released while I negotiate the payment terms at the same time. The amount of the lien is $17,000from tax year 2014. I would like the payments to be monthly, set for 72 months to keep the payment low, but I can pay double payments. Thanks for your response

Read more

emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

star-full
3,724 satisfied customers
I am in the beginning stages of divorce - My husband has

I am in the beginning stages of divorce - My husband has significant back tax debts plus has not filed for the last 2 years as far as I know. He does have a repayment arrangement in place for the prior tax debt. I know he also has other debts related to his business that he sold over a year ago. I have filed my taxes separately for the last 5 years because I knew he was not paying his taxes. My question is - will I be responsible for these debts in the divorce?

Read more

Robin D.

Vocational, Technical or Trade School

star-full
20,596 satisfied customers
I have a client who left CA in April 2012 and is being

I have a client who left CA in April 2012 and is being assessed taxes plus interest,collection fees and ;penalties on a 1099 income.. He was out of state when many of the payments were received in his new home in Texas. The added costs are almost as great as the original tax.. CA FTB is threatening to file a lien or levy. My client did not realize he had any tax liability to CA. The Payer is from Calif. Do I simply take the amount he was paid when in CA and file a CA return pay tax based on that? No CA return was filed, as client only had this small CA income. How much CA 1099 income must he make to be subject to CA tax.? Any ideas or tips?

Read more

Barbara

Enrolled Agent, Paralegal

star-full
4,846 satisfied customers
My elderly mother put me and my brother's name on her

My elderly mother put me and my brother's name on her property in Oregon. When she passes on, what rights do I have if I want to sell. The taxes are a lot and he is living there already not keeping them up. I payed them for years myself does that benefit me in any way?

Read more

Anne

Master Tax Preparer

star-full
3,106 satisfied customers
View more tax questions
In The News