TITLE

Collection

AUTHOR(S)
Logan, Patti
PUB. DATE
August 2010
SOURCE
Journal of Tax Practice & Procedure;Aug/Sep2010, Vol. 12 Issue 4, p7
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article clarifies some disconnect between the stated objectives of the U.S. Internal Revenue Service (IRS) on Notice of Federal Tax Lien (NFTL) filings, releasing versus withdrawing liens and its long-term financial impact on individual income. It outlines the Taxpayers Advocate's recommendations to IRS and the U.S. Congress on the subject. The recommendations include rescinding IRS directions to file an NFTL on a currently not collectible hardship account and require managerial approval for NFTL filings in cases where taxpayers have no assets.
ACCESSION #
53957601

 

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