The Taxpayer Times

Tag: federal-tax-lien

  • Can the IRS Take My House?

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    by

    Joy
    in

    Several years ago, I met with a taxpayer who owed a substantial amount of money to the IRS. Like many taxpayers facing collection problems, he was worried about what might happen next. During our conversation, he asked a question that I have heard many times over the years: “Can the IRS take my house?” The…

  • Do I Go to Jail for Owing the IRS Money?

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    by

    Joy
    in

    Several years ago, a taxpayer came to see me after the IRS filed a federal tax lien against him. One of the first questions he asked was: “Do I go to jail?” He was completely serious. There was no joking or exaggeration. I could see the fear in his eyes. Over the years, I have…

  • How Federal Tax Liens are Removed and What Options Exist

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    by

    Joy
    in

    Introduction In the previous article, I discussed what a federal tax lien is, how it gets filed, and why taxpayers often feel caught off guard when they discover one. This article builds on that discussion by focusing on how liens may be addressed and what options exist after a lien has already been filed. Once…

  • Federal Tax Lien: What It Means and How It Gets Resolved

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    by

    Joy
    in

    When taxpayers receive IRS Letter 668(Y), their reaction is often immediate anxiety. The words “Notice of Federal Tax Lien” feel sudden and severe, especially when the letter arrives without any sense that this was about to happen. What makes this letter different from most IRS correspondence is the timing. By the time Letter 668(Y) reaches…