The IRS is permitted to file a Notice of Federal Tax Lien (“NFTL”) to perfect a tax lien that arises by operation of law under the Internal Revenue Code for unpaid federal tax. It may become necessary to obtain copies of the filed NFTL if the taxpayer, who should have […]
Plentywood, MT pharmacy rent expenses. The US Tax Court recently heard a case where a Montana pharmacy located in Plentywood, Montana, population 1,700, paid rent for a building owned by the same people that owned the pharmacy. While rent is typically a deductible expense, that is not necessarily the case […]
Taxpayers who owe delinquent taxes to the IRS or have tax liens on their property receive many different tax notices from the IRS in an attempt to collect. However, taxpayers may also receive other official looking notices that appear to be tax notices, but that are not from the IRS. […]
What is a Collection Due Process Hearing? A Collection Due Process Hearing (“CDP”) is an informal hearing with an Appeals Officer from the IRS Independent Office of Appeals, provided by the Internal Revenue Code, to permit taxpayers to challenge the process the IRS has employed in imposing and collecting taxes. […]
In a marriage dissolution (divorce) and property settlement, one of the spouses may be assigned to pay the outstanding tax liability of the divorcing couple or even the separate tax liability of the other spouse. If the spouse not obligated to the IRS for the tax becomes obligated under the […]