Showing posts with label IRC Code Section 6321. Show all posts
Showing posts with label IRC Code Section 6321. Show all posts

Thursday, June 22, 2023

Colorado Springs: How Can I Deal With Liens and Levies?

 


PANIC!! You have received notice of a federal tax lien or your bank account has been levied by the Internal Revenue Service.  Under Internal Revenue Code Section 6321 allows the IRS to file a notice for federal tax lien to protect the government's interest. How long does the Lien continue?  The lien will continue until: 1) It Expires; 2) It is Paid; or 3) It is Compromised.

What are the options are available for you?  Do you any unfiled tax returns?  Do you have unpaid taxes for prior years?

Work with a tax professional to represent you before the IRS help you to resolve the lien with the following options:
Option 1: Get into Compliance (required)
Option 2: Have an analysis to determine the payment options for which you qualify
Option 3: Possibly have the IRS subordinate to another lender
Option 4: Setup an installment agreement

Marcelino Dodge, Enrolled Agent, with Cash Tracks Financial helps taxpayers with unfiled tax return and tax liens.



525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com

Colorado Springs: Does Your Tax Professional Have the Right Ingredients?

  I was waiting for my pizza out back of The Next Us Building. I was able to get what I wanted on my pizza. I thought "Do taxpayers g...