Tag Archives: Liens

Repeal of 3% Withholding Provision is Unanimous! Why?

HR 674 was passed by the House this week and sent to President Obama for signature. The AICPA is happy with this law. In a press release, Edward Karl, vice president of taxation for the American Institute of Certified Public Accountants said, “The AICPA commends Congress for recognizing that it makes sense to repeal the […]

National Standards

Today TaxMama hears several people who are having problems with the amounts IRS wants paid on their balance due, compared to the amount they think they can pay. In most cases, the amounts due are under $25,000.

IRS Levied Bank Account

Today TaxMama hears from Marhall in Alabama, who complains. “My bank paid an IRS Levy with no funds in my account. They mailed me a letter previous to sending the funds to the IRS stating my funds were being held. I was able to withdraw these funds through their ATM with my debit card, which […]