Can the IRS Levy on VA Benefits or Social Security Payments?

A potential client recently contact me over concern whether her VA benefits and social security payments could be levied upon by the IRS to satisfy delinquent federal tax. Here is my response. Question: Are VA benefits subject to IRS levy for delinquent federal taxes? Internal Revenue Code exempts from IRS levy: IRC § 6334(a)(10) Certain…

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Montana Tax Appeal Board Carves Out Middle Ground on Property Tax Appeal

The Montana Tax Appeal Board is the final administrative arbiter of property tax values in Montana. The Montana Tax Appeal Board hears property tax appeals coming from county tax appeal boards, among its other duties. In Department of Revenue v. Leland, Case No. PT-2020-5 (Sept. 2020), the Montana Tax Appeal Board recently heard a property…

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IRS Enlarges Its “Expanded Installment Agreement” to $250,000

The IRS offers several types of installment agreements whereby taxpayers can pay delinquent income tax liabilities over time. Typically, installment agreements in excess of $50,000 require the taxpayer to provide a financial statement to the IRS and to negotiate the payment terms. In 2016, the IRS tested a new type of installment agreement that allowed…

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Obama-Era Methane Rule Struck Down

Crowley Fleck’s Oil and Gas Practice Group has released its latest newsletter titled ‘Obama-Era Methane Rule Struck Down’. Please read the full release here. Obama-Era Methane Rule Struck Down

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A Short Primer on 1031 Like-Kind Exchanges

A tax free like-kind exchange contains the following basis elements that must be strictly followed in order to insure tax free exchange of real property: Real Property Only. Since January 1, 2018, tax deferred like-kind exchanges are limited to only real property, not personal property.[1] Qualifying Property. Both the relinquished property and the replacement property…

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