How Does Federal Tax Lien Affect Credit Report
If you have an outstanding debt that you owe to the IRS, it may wind up on your credit report in the form of a Federal Tax Lien (“FTLâ€). What is a Federal Tax Lien? A FTL represents the government’s securitization, or claim, on or against your property for not paying a tax liability.  FTL’s […]
Recent Q&A
Question: I just received a letter form the IRS informing me they want to audit my 2014 income tax return.  I really didn’t need this right now.  What should I do? Answer: First, take a deep breath knowing there is expert help available to you.  As part of the IRS’s audit process they’ll ask […]
State of Oregon Tax Case Exposed Major Issues in the Department of Revenue
An Oregon woman, Krystle Marie Reyes received a state tax refund in the amount of $2.1 million in 2011 on her return where she claimed she had earned $3.5 million. On her previous 2 returns, for 2009 and 2010 she stated her income as less than $15,000. Reyes filed her return through Turbo Tax. Although […]