Sunday, March 29, 2009

7 tips for avoiding an IRS lien

If you owe the IRS money, the problem will only get worse if the IRS places a lien on your property to collect. Tax attorney and CPA Peter Pappas provides the following 7 tips for avoiding an IRS lien: 1. Respond immediately to all IRS notices (even the apparently nice ones). 2. Treat IRS collection agents with respect. 3. Get current with all of your tax filings. 4. Don’t lie to an IRS agent. 5. Pay a downpayment on what you owe. 6. Borrow the money to pay the IRS in full. 7. Consult with a tax lawyer or CPA.

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