Hi Anthony, hello Claudine. Today, we're talking about federal tax liens. The first question is, what is a tax lien? Well, a tax lien is something that exists, but what does the federal tax lien refer to? The federal tax lien is actually a federal notice of tax lien because the tax lien already exists between you and the IRS. It is crucial to understand that the moment you make a dollar, whether you're working or watching this, a federal tax lien attaches to it. It's crazy to think that the IRS is involved in everything you're doing. This is why I believe we cannot have both a limited federal government and an income tax. When you make a dollar, it becomes subject to someone else's claim, which weakens the concept of property rights. Anyway, the tax lien is a federal notice filed to inform the world that you owe money to the IRS. It includes all your property, such as real estate, personal property, and financial assets. Anything that the IRS believes it has a claim on can be subject to a tax lien. Now, let's talk about the steps the IRS takes to put a tax lien or notice of tax lien on you. First, they record your balance due on their books. Then, they assess your liability and send you a bill explaining the amount you owe. This is known as the notice and demand for payment. Finally, if you neglect or refuse to fully pay the debt within the given time frame, the IRS can initiate the tax lien process. However, this is just the general way the IRS handles tax liens. They have other methods at their disposal, which we'll discuss shortly. Congress has granted the IRS extensive power, making it difficult for taxpayers. The...
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Irs publication 4235 Form: What You Should Know
IRS Publication 4873, Notice of Federal Tax Lien Use this publication to determine which office to contact with questions about the status of a notice of Federal tax liability on the IRS Publication 6011: Information Regarding the Estate Tax (Form 2041) Publication 4233 (7/2011), Notice of Filing of Tax Return; Fax Number (PDF) Use this publication to determine which office to call with questions about the filing of federal tax returns with the IRS. This publication provides information on whom you would call to report information with respect to a notice of a Federal tax lien on behalf of the decedent. It also provides forms necessary to obtain the information, and addresses to write with respect to filing the notice. This publication provides information on whom you can contact with questions about a notice of a Federal tax linen on behalf of the decedent. It also provides forms IRS Publication 1443: Publication 1443 — Notice of Federal Tax Liens (PDF) Includes information for reporting Federal tax liens on a decedent's estate or for obtaining information to verify or correct the number of federal tax liens on a decedent's estate. This publication also provides information on how to report tax liens and how to obtain the name and business name of the creditor or assignee of the notice of a federal tax lien on a decedent's estate. IRS Publication 4235 (Rev. 8-2018) Form 2106 to file a Notice of Federal Tax Lien (PDF) and form 5498 to amend a Notice of Federal Tax Lien have the following information: The Notice contains a claim and a claim number for the claim. This number is for the claimant to use to file a complaint with any collection agency. The Notice contains an amount due. The federal estate and gift tax rates are based on the date the Notice is filed.
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