Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

I got a "Intent to seize property" notice, what is the best…

I got a "Intent to...
I got a "Intent to seize property" notice, what is the best plan of action? Just advise please.
Show More
Show Less
Ask Your Own Finance Question
Answered in 5 minutes by:
10/17/2017
bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 7,013
Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

From the IRS or CT?

Ask Your Own Finance Question
Customer reply replied 11 months ago
IRS

Because you received the notice, I assume you owe the IRS for back taxes. Is that correct?

Ask Your Own Finance Question

Were you on an installment agreement with the IRS and failed to pay?

Ask Your Own Finance Question

How much do you owe the IRS?

Ask Your Own Finance Question
Customer reply replied 11 months ago
I owe $93,000.00, I was on an installment plan but every year when I do my taxes I owe again so it's void and here we go again.

Don't worry. When you are on an installment agreement and file your tax return and owe additional taxes, the installment agreement goes into default.

All you have to do is call the number on the notice, and ask the IRS to include the new tax liability on your installment agreement. You may have to increase the monthly payment amount.

Ask Your Own Finance Question
Customer reply replied 11 months ago
Do I need a hearing?

Absolutely not. A phone call will do it.

Ask Your Own Finance Question

Call the number on the notice NOT the main IRS number.

bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 7,013
Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.
Verified
bkb1956 and 87 other Finance Specialists are ready to help you
Ask your own question now

Thank you for the positive rating of my answer. It is very much appreciated!

Just let me know if you have any other questions/problems with this in the future, and I'll be glad to help.

Ask Your Own Finance Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a financial professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask bkb1956 Your Own Question
bkb1956
bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 7,013
7,013 Satisfied Customers
Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.

bkb1956 is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,609 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,222 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,933 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< Previous | Next >

Related Finance Questions
I live in Florida, I have an SBA loan from 2004, that I
I live in Florida, I have an SBA loan from 2004, that I defaulted on 04/01/10. The business is closed, and I filed personal bankruptcy 05/19/2010, The loan was collatoralized by a different company of… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
Notice of intent to seize(levy) your property or rights to
Notice of intent to seize(levy) your property or rights to property from IRSIssue related prior my question: http://my.justanswer.com/question/index/6c7ea7144f4f461eb308885ae000c3e7?continueTheConvers… read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
Second opinion] relating to my Feb 7 question... in asking
Second opinion] relating to my Feb 7 question... in asking for a Writ of Execution, can I request that judge allow me to have Sheriff seize his property to sell in order to satisfy debt? must I name s… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I want to set up a direct debit for $500 per month to by
I want to set up a direct debit for $500 per month to by taken from my credit union account to pay an approximately $25,000 bill I owe the IRS. I live in Cedar Falls, Iowa. I have filled out a 433-D h… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
Received a cp504 notice dated 4/11/2016 year 2002 stating
received a cp504 notice dated 4/11/2016 for tax year 2002 stating I owed $5,274.59. This is the first notice I have ever received about this and the whole notice just doesnt seem right. I certainly do… read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
1 satisfied customers
I have an outstanding tax balance with the irs $13000 and
I have an outstanding tax balance with the irs for about $13000 and currently have an installment agreement with the irs that i have been paying for several years my wife and i are filing "married fil… read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
How would one get the california franchise tax board off
Hi, How would one get the california franchise tax board off their back when they send a intent to offset federal payments notice? Currently getting welfare and ebt food card, have two young kids. the… read more
bkb1956
bkb1956
Finance Enthusiast
7,013 satisfied customers
Here's the scenario: you've been making payments on back
Here's the scenario: you've been making payments on back taxes since 2011. You've made your payments every month, except a year or so ago, you got off track, and the IRS canceled your installment agre… read more
bkb1956
bkb1956
Finance Enthusiast
7,013 satisfied customers
My best friend had federal liens entered against m. He wants
My best friend had federal liens entered against him. He wants me to ask the IRS if they will assign the liens to me for me paying them. Can the IRS do this? Proof? Cites? I do not trust my friend so … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Hi Megan,You recently replied to me about receiving a penalty
Hi Megan, You recently replied to me about receiving a penalty letter for late filing of 2012 return (which was what another expert on here told me to do) for an LLC our Trust owned. This return shoul… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,222 satisfied customers
I want to know if this is do-able or am I just fooling myself.
I want to know if this is do-able or am I just fooling myself. My dad and I are talking about renovating the home I currently live in in order to make it more liveable as well as to accomodate a home … read more
Eric
Eric
Financial Manager
Bachelor's Degree
559 satisfied customers
Hello, My home loan is in foreclosure. I filed fpr Chapter
Hello, My home loan is in foreclosure. I filed fpr Chapter 13 in December, but got my case dismissed. I realiized that I would not be able to make current mortgage payments plus the extra $424 payment… read more
Eric
Eric
Financial Manager
Bachelor's Degree
559 satisfied customers
What can the State of Texas take if we owe sales tax What
What can the State of Texas take if we owe sales tax? What happens to the property that the business is located on?… read more
TaxTom
TaxTom
Accountant
Bachelor's Degree
14 satisfied customers
I want to notify my selling real estate that I want to take
I want to notify my selling real estate that I want to take my (desirable) house off the market. I am not living in it, and do not plan to sell it. I need to apply for bankruptcy. Is there anything le… read more
Dimitry K., Esq.
Dimitry K., Esq.
Attorney
Doctoral Degree
332 satisfied customers
I have a one-bed room condo that I was renting for $775.00
I have a one-bed room condo that I was renting for $775.00 per month in South Florida. However, my tenants broke their leases because the association is not maintaining the building due to lack of pay… read more
Milan Vaishnav
Milan Vaishnav
Consulting Technical Analyst
Bachelor's Degree
536 satisfied customers
I rented a vehicle for my cousin. I had nothing to do with
I rented a vehicle for my cousin. I had nothing to do with this, the vehicle was seized with drugs in it. The rental company charged me for 43 days it was impounded plus other charges I don't understa… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I was suppose to get 2100 . back from taxes. I wrote some ...
I was suppose to get 2100 . back from taxes. I wrote some cks, thinking I would hav the above amount to pay back or have funds in the bank. the problem was when I went to pick up my funds, found out c… read more
Dennis M. Smith
Dennis M. Smith
Retired
Bachelor Degree
1,293 satisfied customers
I have a safe deposit box at Comerica Bank an my husband ...
I have a safe deposit box at Comerica Bank an my husband name was added to it in error I only asked them to make him a beneficary. My husband has a judgement against him at the bank has seized my safe… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x