RECENT BLOG POSTS
How to deal with a Federal Tax Levy Last week’s article discussed how to avoid a federal tax levy. It is linked here. But what do you do if you already have been levied? My firm, By The Book Taxes, located in Norwalk, CT specializes in income tax preparation for individuals, families and self-emp...
10/09/2019
Avoiding a Federal Tax Levy As the IRS escalates its collection process, taxpayers receive letters called the “Final Notice” before a levy occurs. Depending on which area of the IRS is threatening to levy, the taxpayer may receive a “Letter 11”, a “Letter 1058” or even a “CP 90” or “CP 91”. The b...
10/02/2019
FEDERAL TAX LEVIES  It’s an awful feeling to go to the ATM, attempt to withdraw cash and get a message that there are zero dollars in your account. You contact the bank and are told that the IRS “levied” your account. A levy is a taking or seizure of your property in order to resolve tax debts. M...
09/25/2019
HOW TO GET A NOTICE OF FEDERAL TAX LIEN (NFTL) WITHDRAWN  Last week’s blog discussed how you could discharge an asset out from under the “blanket” of an IRS tax lien in order to sell a house. You can link to it here. This week’s blog will go into detail another one of the options available to tax...
09/18/2019
HOW TO DISCHARGE AN ASSET FROM AN IRS TAX LIEN Last week’s blog discussed how you could subordinate an IRS tax lien to another creditor in order to refinance a mortgage. You can link to it here. This week’s blog will go into detail another one of the options available to taxpayers to get around a...
09/12/2019
HOW TO SUBORDINATE AN IRS TAX LIEN Last week’s blog was an overview on IRS tax liens. You can link to it here. This week’s blog will go into detail about one of the options available to taxpayers to get around a tax lien. This option is known as subordination. My firm, By The Book Taxes, located ...
09/04/2019
HOW TO NAVIGATE AN IRS TAX LIEN  I am sure that potential home buyers, existing home owners and real estate professionals have been faced with the problem of trying to buy or sell a home that has an IRS tax lien attached to it. My firm, By The Book Taxes, located in Norwalk, CT specializes in inc...
08/28/2019
Last week I gave an overview of the “Equitable Relief” option of an Innocent Spouse. That article is linked here. This week’s article describes the Innocent Spouse filing available for taxpayers who live in the nine (9) community property states of California, Arizona, New Mexico, Nevada, Texas, ...
08/21/2019
INNOCENT SPOUSE RELIEF – EQUITABLE RELIEF  Last week I gave an overview of the “Separation of Liability” option of an Innocent Spouse. filing. That article is linked here. This week I will go into more detail on the third of the three types of Innocent Spouse. filings, known as “Equitable Relief”...
08/15/2019
INNOCENT SPOUSE RELIEF – SEPARATION OF LIABILITY  Last week I gave an overview of the “traditional” version of the tax resolution option called Innocent Spouse. That article is linked here. This week I will go into more detail on the second of the three types of Innocent Spouse filings, known as ...
08/07/2019
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Michael O'Leary, Enrolled Agent

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