A small-town auto service center located in Holyoke, Massachusetts hired Timberline in hopes of seeing fair resolutions of its $246,400 outstanding federal and state liabilities. The Enrolled Agent was successful with initiating a hold of enforced collection action through the IRS Revenue Officer that was assigned. Working diligently, it was also determined that there
A Real Estate Agent residing in Washington, D.C. hired Timberline Tax Group to facilitate release of ongoing commission levies, which were placed on the account for eight months prior to Timberline’s involvement. The Enrolled Agent was able to secure a hold on any additional levy action while negotiations occurred to release the funds and
An individual taxpayer residing in Alabama hired Timberline to help protect his accounts from enforced collection action along with overall account representation. The taxpayer had previously submitted an Offer In Compromise that was denied and potential collection action was pending. The Enrolled Agent immediately reviewed the account and knew that the client did not
The IRS has two primary ways to collect on tax debts: Tax Liens & Tax Levies. IRS liens are filed to protect the government’s interest in property that taxpayers own. When the lien is filed, it attaches to all tangible property that is recorded through the taxpayer’s local county clerk and recorder’s office. By filing this
The IRS will place your account into a “hardship” status if you are unable to pay your back-tax bill. This resolution is called currently not-collectible and it is used by thousands of Americans that cannot pay their tax liability. Whether you owe $1,000 or $1 million, if your financial statement shows that a hardship
Collection after assessment of a tax liability is defined in the Internal Revenue Code, Section 6502. Here it indicates that the government has the right to pursue collection of tax liability for a period of ten years after the assessments have been made. This is very good news if you, or somebody you know, have
