Why do Peter Stephan and the Tax Resolution Institute take the issue of unpaid payroll taxes so seriously? The consequences of not paying your payroll taxes and willfully withholding payment to the IRS can be severe. In the criminal case of a husband & wife hair salon owners in Orange County, the criminal withholding of payroll taxes led to stiff prison sentences. Such an outcome does not have to happen to you and your business if your payroll tax problems have just begun. We understand that meeting payroll taxes can be a challenge in a difficult economy. But if such a challenge arises, it must be addressed.

Paying Payroll Taxes

Laguna Niguel residents John D. Pham and Anna A. Nguyen were more than your average married couple. Since 1985, the couple operated numerous hair salons under the Fantastic Sams franchise name in cities across Orange County. By failing to pay their payroll taxes and defrauding the Franchise Tax Board of California and the Internal Revenue Service, the couple received stiff prison sentences.

On October 1, 2009, Pham was sentenced to over three years in prison after pleading guilty to willfully failing to account for and pay income and Social Security taxes withheld from the wages his employees. Although Pham and his wife had incorporated 10 companies from 1996 to 2004, all of which failed to pay payroll taxes, the main charge involved the employees of the Fantastic Sams franchises.

Hair Cutting Franchises in Orange County

Anna A. Nguyen, Pham’s estranged wife, was sentenced to five months in prison after pleading guilty to conspiring with Pham to defraud the United States by preventing the Internal Revenue Service from collecting taxes owed. Lasting almost a decade, the couple’s conspiracy added up to a loss of over $770,000 of payroll taxes that were never paid to the government.

In addition, the couple avoided paying their income taxes as well, and Nguyen pleaded guilty to owing more than $80,000 in federal income tax liabilities.  They diverted assets from the corporations they controlled for their own personal benefit. As a result, they will have to pay joint restitution in the future of over $620,000 to the IRS.

It is clear that the couple were part of an ongoing criminal conspiracy. If you are having payroll tax problems with your business, it does not mean that you are part of such a conspiracy. Instead, you simply could be experiencing the challenges of a tough economy. As a direct result, Peter Stephan and the Tax Resolution Institute are here to make sure the consequences do not threaten your financial security and the future of your company. Rather than wait for a miracle to happen, take a positive action today to find a resolution and avoid such drastic consequences.

Terry Hoskins bulldozed his home in Moscow, Ohio, after his bank began foreclosure proceedings. IRS tax liens on business properties owned by Hoskins were responsible. Hoskins had never missed a mortgage payment. The decision by the bank to foreclose on his home in response to the IRS tax liens enraged the homeowner. “When I see I owe $160,000 on a home valued at $350,000, and someone decides they want to take it — no, I wasn’t going to stand for that, so I took it down,” he told a local news station.

T-Shirts Made By Supporters of Tax Protester Terry Hoskins

With the amount owed to the IRS, Terry Hoskins could have avoided such craziness if he had consulted with a tax professional like Peter Stephan in the beginning. Business owners in a tax crisis often become stuck and do nothing. By taking action and working out a settlement with the IRS, business owners can avoid the horror that Terry Hoskins experienced.

The struggle between the Internal Revenue Service and Terry Hoskins was resolved when the RiverHills Bank purchased his Amelia carpet business for the opening bid of $666,666.67 at a sheriff’s auction. The deal had the bank clear all debts, including money owed to the IRS. Daughter Miranda Hoskins commented: “We’ve reached an agreement that both parties are happy with at this point.” Hoskins said that he hopes to rebuild the house that he tore down with the bulldozer. “I’ve actually hung my keys up for the dozer,” Hoskins said.

When asked about the Terry Hoskins case, tax professional Peter Stephan of the Tax Resolution Institute pointed out that such extreme emotional reactions never need reach such a point of volatility. It is like shaking up a coke bottle and being surprised when the carbonated soda shoots out when it’s opened. By not dealing directly with IRS tax problems, a taxpayer shakes up the financial security of their future. As Peter Stephan clearly explained, “If Terry Hoskins had called the Tax Resolution Institute when his tax crisis first arose, he never would have had needed the bulldozer in the first place.”

Documenting his actions on video, Terry Hoskins bulldozed his home in Moscow, Ohio, after his local bank began foreclosure proceedings. IRS tax liens on business properties owned by Hoskins were filed on his home. Hoskins had never missed a mortgage payment. In fact, he was never even late on a payment on his home. The decision by the bank to foreclose on his house in response to the IRS tax liens enraged him. “When I see I owe $160,000 on a home valued at $350,000, and someone decides they want to take it — no, I wasn’t going to stand for that, so I took it down,” he told a local news station.

In a Tax Protest, Terry Hoskins Bulldozes His Own Home

The bank moved to foreclose on the home, even though Hoskins claimed he had received a $170,000 offer on the property from an interested buyer. “As far as what the bank is going to get, I plan on giving them back what was on this hill exactly [as] it was,” he said. “I brought it out of the ground and I plan on putting it back in the ground.” There is no question that the reaction of Terry Hoskins to possibly losing his home and his property was extreme to say the least.

With the amount owed to the IRS, Terry Hoskins could have avoided such insanity if he had consulted with a tax professional like Peter Stephan. Business owners in a tax crisis often become stuck and do nothing. By taking action and having a skilled professional like the Tax Experts at the Tax Resolution Institute work out a settlement with the IRS when the crisis first arises, business owners can avoid the horror that Terry Hoskins experienced. And the story only gets worse…

Hoskins is now facing outstanding tax liens on his carpet business, and he is considering the option of continuing his demolition derby and taking out his business before the authorities can seize it. The IRS filed the tax liens against the business and his commercial property after his brother sued him as a former business partner. He leveled the home with a bulldozer, and Hoskins is threatening to do the same with the business before it goes up for auction next month.

When asked about the Terry Hoskins case, tax professional Peter Stephan of the Tax Resolution Institute pointed out that such extreme emotional reactions never need reach such a point of volatility. It is like shaking up a coke bottle and being surprised when the carbonated soda shoots out when it’s opened. By avoiding IRS tax problems, a taxpayer shakes up the financial security of their future. As Peter Stephan clearly explained, “If Terry Hoskins had called the Tax Resolution Institute when his tax crisis first arose, he never would have had needed the bulldozer in the first place.”

In Austin, Texas, a software engineer was so angry with the Internal Revenue Service that he crashed his small plane into an office building housing nearly 200 federal tax employees on Thursday, February 18, 2010. Officials said the crash set off a raging fire that sent terrified workers fleeing as jets of black smoke engulfed the air.

Plane Crashes Into Federal Building

United States law officials have identified the pilot who is assumed to have died in the crash as Joseph Stack. On his Web site, the insanely furious man outlines problems with the IRS, stating that “Violence not only is the answer, it is the only answer.

Stack continues his diatribe, writing on Thursday morning, “I saw it written once that the definition of insanity is repeating the same process over and over and expecting the outcome to suddenly be different. I am finally ready to stop this insanity. Well, Mr. Big Brother IRS man, let’s try something different; take my pound of flesh and sleep well.”

What remains a mystery is why anyone would have to go to such tragic extremes when it comes to dealing with a tax problem? Without question, dealing with taxes and the Internal Revenue Service can be a source of extreme frustration. However, there is no justification for resorting to violence. In addition, violence solves nothing, only increasing the severity of any problem.

If Joseph Stack had calmed down and talked to a tax professional like Peter Stephan, it is likely that most of his problems could have been solved. With years of experience and expert knowledge, a tax professional knows how to deal with the IRS on favorable terms. Instead of trusting such expertise, Stack chose a tragic path that now seems to have left his family homeless as well.

Earlier Thursday about five miles from the crash site, Stack’s $232,000 home was engulfed in flames. Law enforcement officials said Stack apparently set fire to his home before the crash. Neighbor Elbert Hutchins said a woman and her teenage daughter drove up to the house before firefighters arrived on the scene. “They both were very, very distraught,” said Hutchins, a retiree who said he didn’t know the family well. “‘That’s our house!’ they cried ‘That’s our house!’”

It appears that that Joseph Stack slammed into the Austin building on purpose in an effort to blow up IRS offices. “It felt like a bomb blew off,” said Peggy Walker, an IRS revenue officer who was sitting at her desk in the building when the plane crashed. “The ceiling caved in and windows blew in. We got up and ran.”

Billowing Black Smoke as Fire Rages

Andrew Jacobson, also an IRS Revenue Officer, was on the second floor when he heard a “big whoomp” and then a second explosion. “When I went to look out the window I saw wreckage, wheels and everything. That’s when I realized it was a plane,” said Jacobson, whose bloody hands were bandaged. On account of the smoke and debris blocking the stairs, Jacobson used a metal bar to bust a window so his colleagues could crawl out on a concrete ledge where they were rescued by the firefighters.

Austin Fire Department Division Chief Dawn Clopton said that at least one person who worked in the building was unaccounted for and two people had been hospitalized. IRS spokesman Richard C. Sanford stated that about 190 IRS employees work in the building and the agency presently was trying to account for all of its workers.

Onlookers who saw the crash were shocked to see the see the plane flying so low. “It was insane,” said Matt Farney, 39, who was in the parking lot of a nearby Home Depot. “It didn’t look like he was out of control or anything.” Reginaldo Tiul-Tiul said he had just gotten off a bus when he saw the plane crash.  Tiul-Tiul, 30, said in Spanish, “It went straight for the building.”

According to California Secretary of State records, Stack had a troubled business history with two self-started software companies in California that ultimately were suspended by the state’s Franchise Tax Board. In 1985, he incorporated Prowess Engineering Inc. in Corona. It was suspended two years later. He started Software Systems Service Corp. in Lincoln in 1995 and that entity was suspended in 2001. Stack listed himself as chief executive officer of both companies.

What is essential to realize is that such a tragic chain of events never has to happen. As we all know, tax problems with the IRS can generate a phenomenal level of frustration and fear. If Joseph Stack, however, had called the Tax Resolution Institute years ago when his tax troubles began, a workable solution could possibly have been found. Violence is never the answer. Although often unpleasant and frustrating, taxes are a reality. Such a reality never has to become a crisis with the help and guidance of tax professionals like Peter Stephan and the Tax Resolution Institute. Why crash a plane into a building, killing yourself and risking innocent lives, when a sensible answer could be only one phone call away?

Pop singer Aaron Carter, the younger brother of Nick Carter of the Backstreet Boys, has had two tax liens filed against him by the IRS for a total of over one million dollars in back taxes. Recently in the news crying on Dancing With The Stars after having his moves criticized by the judges, Aaron Carter now really has something to cry about. Having been eliminated as a contestant on the hit show, the teen idol will have to figure out a new way to raise the money to pay his back tax debt.

Aaron Carter's Tax Liens

After experiencing a history of criminal business management, Carter needs the help of a respected tax professional like Peter Stephan and the Tax Resolution Institute. With Peter Stephan by his side, Carter possibly can negotiate an Offer in Compromise or an Installment Agreement that will allow him to reasonably pay off the back tax debt without doing more damage to his reputation and his financial future. If Carter had been with Creative Arts Management, the business arm of TRI, his security would have been ensured through proper financial management.

The former teen idol reportedly owes the Internal Revenue Service more than $1 million in back taxes, including $963,000 on his 2003 income, according to the New York Post. In addition, to round off the amount owed to a cool million, he also owes $45,350.11 on his 2006 income taxes. Aaron Carter, like his older brother, had a successful recording career as a teenager. He also starred in the E! Reality series, House of Carter, with his four siblings. His current manager, Johnny Wright, told Entertainment Tonight, “It is unfortunate that while Aaron was a minor, his finances were grossly mismanaged by his previous team which has led to the current situation of which he was unaware of until today.”

Aaron Carter is known for media reports regarding his personal life, including his relationships with Hilary Duff and Lindsay Lohan, and his past legal problems, some involving his suing for emancipation from his mother as a minor. None of these problems, however, threaten his financial future like this new tax crisis with the IRS and the tax liens filed against him. With his family back in his corner, Carter is waging a publicity campaign to explain how he is the victim of a criminal manager who took advantage of a child performer.

Carter’s parents filed a lawsuit against former manager Lou Pearlman alleging that he failed to pay hundreds of thousands of dollars in royalties on Carter’s 1998 album. Pearlman, who discovered both the Backstreet Boys and *NSYNC, was declared in contempt of court in 2003 for ignoring a court order to produce documents related to the royalty payments. He is currently in federal prison serving a 25-year sentence related to a $300 million Ponzi scheme.

It is clear that what Aaron Carter truly needs is reliable and effective business and tax management in his corner, helping him to deal with the present tax problems and avoid future difficulties. Peter Stephan and the Tax Resolution Institute are not only about the diagnosis and treatment of severe tax problems; they also focus on prevention through business and asset management.

Despite the flood of bad press, former Dancing With the Stars partner Karina Smirnoff says that Carter is handling it well. Noting his age at the time of the tax bills, she added, “I don’t see why he can be held responsible. He was a baby when all that… happened.” With Peter Stephan and Creative Arts Management in his corner, Aaron Carter can guarantee that such a tax crisis will never happen again. Beyond the treatment of tax resolution to deal with the current crisis, CAM offers the preventive measures of healthy and reliable business management for an entertainer like Aaron Carter.

Aaron Carter Tearing Up on Dancing With The Stars

Robin Givens, actress and ex-wife of former heavyweight champion Mike Tyson, had a lawsuit filed against her in Tampa, Florida at the end of 2009 by the Federal Government. Representing the IRS, the Feds sued the 44-year-old actress over what is claimed to be $292,000 of unpaid federal taxes, interest and penalties that date back as far as 1996. It is clear that Robin Givens could have used the help of a tax professional like Peter Stephan and the Tax Resolution Institute before her tax crisis became so extreme. Nevertheless, with the proper representation and negotiation, an Offer in Compromise or an Installment Agreement could be worked out before further steps are taken and the financial situation worsens.

The IRS Tax Crisis of Robin Givens

In the May of 2009, the lawsuit was filed in order to record a formal judgment against Robin Givens on 39 separate tax assessments that cover a total of eight of the twelve calendar years from 1996 to 2007. Although her children attend school in Tampa, Givens is known to have residences both in Florida and New York. When asked about the lawsuit, the Los Angeles-based agent of the actress, Darryl Marshak, refused to comment, verifying only that Givens does use the Florida address as her primary residence.

Born in New York, Givens has had an up and down entertainment career that was highlighted by her paparazzi-dominated marriage to the heavyweight champion. Remembered for an extreme television interview with Barbara Walters where she described her marriage to Tyson as “worse than anything I could possibly imagine”, Givens received a huge financial settlement upon separating from the boxer. Since Tyson also has experienced problems in the past with the IRS, the ex-husband and wife now have more in common than ever before.

What remains intriguing about the tax problems of Robin Givens is that the IRS tax bill does not simply cover a single year of tax problems. Unlike Nicolas Cage whose tax problems rose from a single year of avoidance, Robin Givens has a long history of avoiding taxes that stretches back over a decade. Clearly, her business managers and advisors allowed the problem to worsen until it reached the point of public humiliation and a Federal lawsuit. With the guidance and help from an experienced tax professional, Robin Givens could have avoided such exposure.

However, Givens is no stranger to trouble when it comes to paying her taxes. Public records reveal numerous state and federal tax liens against her over the years in New York, Florida and California. Many of the Federal liens may be part of the new lawsuit against her. In some cases, the state tax liens have been released which implies that payments were made.

Will Grace Save Robin Protect from the IRS?

Robin Givens entitled her 2007 memoir, Grace Will Lead Me. If she is going to be led out of her IRS tax crisis, she will need a little more than grace. On the Forbes “star currency” list, Robin Givens currently ranks 1,224 out of 1,400 when it comes to worldwide bankability. As a result, there is the question of whether she can find the work that will provide her with the financial resources she now needs. Rather than fish for such a questionable catch, Robin Givens needs the guidance and help of a tax professional like Peter Stephan to help find a workable solution before the lawsuit leads to IRS levies and the seizure of her assets.

After a six-month intensive study, the IRS presented a sweeping reform of and a new blueprint for tax return preparation oversight. Regardless of credentials or licenses, all preparers who sign returns and receive compensation for their accounting work will have to register with the IRS. In addition, although unenrolled preparers will now be required to complete competency testing, they also will have to take continuing education. The registration process for preparers will be conducted online and the tentative start date is September 1, 2010.

Although the new requirements will not affect the 2010 filing season in theory, the IRS has instituted plans to immediately increase its internal oversight of preparers across the board. Since the new reforms will be expensive, a fee will be charged to preparers for both initial registration and ongoing renewal in the future. Unenrolled preparers also will be required to pay for their own competency testing.  Since interested members of Congress want the new requirements to include all tax preparers with no loopholes, legislation is being introduced to require universal registration.

In theory, the new blueprint will not increase the cost of tax preparation for taxpayers. Still, it remains unclear how these new fees will impact the prices of tax preparation. As the IRS tax code has increased in complexity, the number of Americans choosing professional assistance with their tax preparation has increased dramatically. In 2008, the IRS reported that professional tax return preparers processed over 87 million individual federal tax returns. In addition, there are over 1 million tax preparers working in America.

When it comes to the regulation of preparers, the federal government’s role traditionally has been limited. Rather than have IRS oversight, tax attorneys, CPAS and enrolled agents have been licensed by individual states. Luckily, from the perspective of Peter Stephan and the Tax Resolution Institute, California has been considered a model of tax preparation oversight on the national level for years. Unlike most states, California requires 60 hours of education from approved providers and for registered tax preparers to carry a $5,000 preparer surety bond.

As an indirect result, Peter Stephan’s advanced course on tax resolution has been such a success with tax professionals since it counts towards the education credit and continuing education hours. Since unenrolled preparers will be required to complete 15 hours of continuing education annually, there is no question that there will be a significant jump in the registration numbers for Peter Stephan’s Tax Resolution seminar.

Finally, the IRS plans to assemble a top-flight team to examine the role and influence of software in the process of tax preparation. Questions to be raised in relation to such software will include the following: the accuracy of such tax returns, issues of security and privacy in relation to proprietary financial information, and the overall reliability of computer filing. Since the tax preparation software industry remains unregulated, industry standards have not been firmly established.

Proper Tax Preparation Remains a Challenge

It looks as if the new IRS tax preparation blueprint is just the beginning of the changes that are to come. The overall implication is that a taxpayer should stick with trusted tax professionals who can demonstrate a history of reliability when it comes to the intricacies and challenges of modern tax preparation. Without question, when it comes to this implication, Peter Stephan and the Tax Resolution Institute perfectly fit the bill.

Drowning in a huge financial sinkhole, Pamela Anderson is desperately looking for a rescuer to throw her a life preserver. But no amount of press coverage or public adoration can save the desperate star. The former Baywatch babe, Playboy model and celebrity girlfriend had two huge tax liens filed against her in Los Angeles in 2009. The IRS has filed a $1,700,173 lien against Anderson with the Los Angeles County Recorder of Deeds in October. Earlier in the year, the state of California filed a $252,360 tax lien against her in Los Angeles.

Despite the liens and rumors about a possible bankruptcy, the 42-year-old mother of two, who was named by the Guinness experts as the world record holder for being the “most downloaded star” ever, continues to insist that she’ll be fine. If Pamela Anderson is going to be fine, she should contact a tax professional like Peter Stephan at the Tax Resolution Institute.

With extensive experience negotiating Installment Agreements and Offers In Compromise in huge tax cases with both the IRS and the State of California, Peter Stephan has the kind of experience Pamela truly needs in her hour of crisis. Once liens have been filed, remedial action has to be taken, or a levy and the eventual seizure of assets and property will follow.

A federal tax lien can only be filed by the IRS after the tax is assessed; a Notice and Demand for Payment is mailed; and the taxpayer neglects or refuses to fully pay the debt. If payment isn’t made after 10 days of receipt of the notice, the IRS files a tax lien for the amount of the debt. The lien attaches to property (such as Pam’s house) and puts other creditors on notice. State tax liens generally operate in the same manner.

Pamela Anderson owes over $1.7 Million Dollars to the IRS in Back Taxes

Pamela Anderson has survived personal storms before, including several divorces, spousal abuse and a hepatitis C diagnosis. Anderson admits that, “Mistakes may have been made in calculating taxes owed and we are now in the process of ensuring that any taxes owed are paid.” In addition to the taxes, the actress is reportedly $4.8 million in debt on account of expensive renovations on her Malibu dream home.

The original price tag for the property was a modest $1.3 million and change. But renovations have led to Anderson being sued by five contractors for not paying her bills. In an interview, Anderson said she had been hit by the recession and let down by a string of investments. “I’m a little girl with two kids – how could you screw me?” she asked of her contractors. Construction projects easily can destroy relationships: “It rips your heart out” she claimed in the emotional interview.

The former wife of Motley Crue drummer Tommy Lee and singer Kid Rock continues to put on a brave and deny that she is in real trouble. In a press statement, Pamela declared: “I am actually touched at how much concern has been expressed for me over this. It is true that I am in a dispute with some of the contractors working on my home.”

What Pamela does not realize is that there is a big difference between being sued by private contractors and having the IRS and the California Franchise Tax Board come after her with official tax liens. Rather than rely on her managers and lawyers, Pamela Anderson should look for help from an accomplished tax professional like Peter Stephan and the tax experts at the Tax Resolution Institute.

When it comes to paying his income taxes, Nicolas Cage seems to be in one huge mess after another. Less than a year ago, Cage celebrated what he called a “win” in a tax battle with the Internal Revenue Service.   The IRS was demanding $1.8 million in back taxes, penalties, and interest, and the actor ended up paying about $660,000.  Then again, with Peter Stephan and the Tax Resolution Institute on his side and the proper tax resolution strategies, Cage it is likely that he could have gotten a much lower settlement.

However, none of the above seems to matter all that much today because, less than a year later, Cage finds himself in even bigger trouble with the IRS. Having failed to cover the tax bills for two big movie checks, Nicolas Cage had an IRS lien filed against him for over $6.2 million dollars. Even for a super wealthy movie star, such a humungous tax bill is a lot to swallow.

In 2007, Cage starred in two movies,  “Ghost Rider” and “Grindhouse” and was paid a total of $24 million. The IRS claims the actor failed to pay taxes on that hefty amount of personal income. On July 14, 2009, IRS Revenue Agents filed a tax lien against him in the New Orleans District Court in Louisiana, for $6,257,005. East West Bank also filed a breach-of-contract complaint in Los Angeles Superior Court that claims Cage had failed to repay a $2 million loan that was extended this past August.
Nicolas Cage is desperate to sell his homes in New Orleans and in Hollywood to raise the cash to pay the tax bill. In April, Cage waved farewell to his Bavarian castle, selling it to his German advisor, lawyer Konrad Wilfurth. Cage also recently sold his New York City apartment that had been listed at $9.75 million for a substantially lower price.

In a lawsuit filed Oct. 16 in Los Angeles, Cage claims that his longtime business manager, Samuel J. Levin, “lined his pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin.” In the past, the IRS accused Cage of writing off  $3.3 million in personal expenses as business deductions. During the dispute, the same Samuel J. Levin told reporters that such expenses like hair care, make-up, clothing, manicurists, personal trainers, and bodyguards were “customary” in the entertainment industry.

In the new lawsuit filed against Levin, Cage says he “relied on Levin to handle his financial affairs to ensure that he and his family would have a financially secure future built on the foundation of the substantial monies Cage earned through years of hard work. He is now forced to sell major assets and investments at a significant loss and is faced with huge tax liabilities because of Levin’s incompetence, misrepresentations and recklessness,” the lawsuit alleges.

Once again, relying on corrupt and sycophantic management, a Hollywood star like Nicolas Cage finds himself in extreme trouble with the IRS. Again! If Nicolas Cage had relied on Peter Stephan for business management, he would never have had such a problem. If he had come to the Tax Resolution Institute after the IRS tax lien was filed, Peter Stephan could have negotiated an Offer in Compromise that could have done away with the penalties and the interest accumulated. Avoiding the bad publicity, Nicolas Cage could have settled his IRS tax debt for a fraction of the actual cost.

Since the holiday season is a time when everyone should be able to celebrate with family without the fear of an IRS Tax Lien or Levy, Peter Stephan and the Tax Resolution Institute present a gift of important tax relief information. From December 22 to January 2, there is an unwritten rule that no new IRS Tax Liens or Levies are filed or acted upon during this holiday period. Although they are the largest collection agency in the world, the IRS respects the family spirit of the Christmas season every year.

A Gift of Temporary IRS Tax Relief from the Tax Resolution Institute

If you owe a back tax bill and have been receiving notices and warnings from the IRS, you can take a breather for a moment and plan your course of future action. Peter Stephan and the Tax Resolution Institute have acknowledged expertise and extensive experience with tax collection issues, helping taxpayers with huge back tax liabilities find tax resolution. The goal of tax resolution is to protect the future security and financial freedom of you and your family. This gift of a holiday breather is the perfect time to take action and reach out for professional help like what is offered by the Tax Resolution Institute.

Even with the knowledge of this holiday breather, a majority of delinquent taxpayers, even with the devastating consequences of an IRS Lien and Levy waiting for them around the next bend, will remain stuck in a state of procrastination and do nothing. Once you have received a Notice of Intent to Levy from the IRS, you have 21 days to act before all financial accounts levied are frozen.

IRS Notice of Levy - 21 Days To Act Before Accounts Are Frozen

If you have already received a tax levy, this gift of the holiday lull by the IRS is the perfect time to take constructive action. An IRS Levy has to be addressed by professionals before a taxpayer enters into a dire situation where future financial freedom can be lost. It is a privilege for Peter Stephan and the Tax Resolution Institute to let you know about the unwritten: No New IRS Tax Liens or Levies are filed From December 22 to January 2.