Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-22-2011, 01:04 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,413
Blog Entries: 3
The IRS raises the dollar threshold before filing a lien for unpaid taxes!

The IRS is raising the dollar threshold from $5,000 to $10,000 before filing a lien for unpaid taxes. In order to help debtor’s credit ratings, they will withdraw more tax liens once the tax debts are repaid since a withdrawal expunges the lien immediately from their record.

Additionally, they are raising the dollar threshold for small businesses to $25,000 as well as giving them up to 24 months to pay.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Unpaid Licensed Minister hjarboe Filing Requirements 0 03-11-2011 04:19 PM
Which S Corporations are exempt from paying the New York fixed dollar minimum tax? TaxGuru New York 0 09-25-2009 11:48 AM
Unpaid Loans Made to Dissolved S Corp JohnD S-Corporation 4 02-21-2009 10:05 PM
IRS Lien delila1830 Miscellaneous 1 08-11-2008 10:00 PM
Income Threshold for Independent Contractors? maxwellg Income 0 05-28-2008 11:57 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.