January 2011

IRS can really mess up business relationships AND seize your money when they go after your accounts receivable. Hooboy, you’ve sold goods or services to a customer of yours, and then the customer gets a notice from the IRS ordering the customer NOT to pay your invoice, instead ordering the…

After a Notice of Federal Tax Lien has been recorded, the IRS has the legal authority to come onto the premises of your business to seize assets ONLY by two methods: 1.      A court order called a Writ of Entry; 2.      Your consent. Once the IRS is legally on the…

The IRS can seize your bank accounts by, first, filing and recording a Notice of Federal Tax Lien , then second, serving a Notice of Intent To Levy to the bank where your money resides. You would have received notice that this was about to happen in most cases. When…