When you have a tax issue to resolve, it can be difficult to know if the matter is best resolved through a certified public accountant (CPA) or a qualified tax attorney. In most situations, the particular circumstances will determine if one or the other, or both, are...
Tax Liens
Rapper Nelly faces $2.4 million tax lien, fans rally to help
In mid-September, Grammy award-winning rapper Nelly (Cornell Iral Haynes Jr.) got hit with an IRS tax lien totaling more than $2.4 million. This was preceded by a lien from the Missouri Department of Revenue, although that was for almost $150,000.Sources say the St....
What to do if the IRS hits you with a tax lien
If the IRS has put a tax lien on your company, it can be very difficult to continue doing business. You may lose control of your accounts receivable, and suddenly be unable to obtain credit. Your business might not grind to a complete halt, but a tax lien can be a...
How a tax lien affects the taxpayer
If the IRS accuses you of failing to pay a tax debt, the agency may try to put a tax lien on your property. A lien can cause serious trouble, because it severely restricts your ability to use or transfer your assets, such as real estate or a small business, as you see...