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IRS and the Recession: Promises and Reality
What has been the IRS's reaction to the recession? IRS issued a Policy Statement on January 6, 2009 addressing collection issues. IRS Commissioner Shulman stated: "Times are tough for many people, and the IRS wants to do everything possible it can to help people who have lost...
Are Taxes Bankruptable by High Income Taxpayers?
Taxes debts are unequivocally dischargeable by taxpayers regardless of income. The degree of ignorance by even some of the most experienced bankruptcy attorneys is absolutely appalling. Some of the bankruptcy trustees don't like to see a high income taxpayer discharge tax...
Will the IRS Release Bank Levies?
The IRS is difficult about releasing bank levies. A bird in the hand is worth two in the bush to them. The Government is under tremendous financial pressures because of it's deficits and debt. Once the IRS has it's hands on the money, it is reluctant to release it. It is not...
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