Business taxes, Individual taxes, Liens and Levies, Tax Debts and Collections
A: A lien is a legal claim on property. A tax lien is a public record that puts your creditors on notice that the IRS has a claim against all of your property, including property you acquire after the lien is filed. The lien attaches to all of your property both...
Individual taxes, Tax Court
Foster v. Commissioner, 138 T.C. No. 4 (January 30, 2012) In a decision issued today, the Tax Court held that a couple was not eligible for the First Time Home Buyer Credit (“FTHBC”) because they owned a present interest in a principal residence within three years...
Business taxes, Individual taxes, International Tax
The IRS issued an announcement today to remind taxpayers that tax information is available online in a variety of languages. The IRS’ Multilingual Gateway offers information in Chinese, Korean, Vietnamese, Russian, and Spanish. The Gateway can be accessed via the...
