What is an IRS seizure and how to avoid it
The IRS can seize your property if you’re in debt to them. A quote from the IRS website: “If the IRS seizes your house or other property, the IRS will sell your interest in the property and apply the proceeds (after the costs of the sale) to your tax debt.” When your property is seized, it’s […]
Selling or Refinancing when there is an IRS lien
The dreaded tax lien is essentially an official statement telling you that the government has claim to your property until you pay your unpaid tax debts that you owe the Internal Revenue Service. Tax liens dramatically impact your refinancing and buying options more so than any other kind of debt. The odds of your getting […]
The Long and Short of It – This Attorney is Going to Jail
New Jersey attorney Douglas M. Long pleaded guilty to evading more than $250,000 in federal taxes on income generated from his law firm. Long, managing partner of Long & Marmero LLP, had primary control over the firm’s finances and supervised the firm’s bookkeeper. He used the company’s bank accounts to pay for school tuition payments […]