When local tax officials believe someone has failed to pay a property tax bill, they might issue a lien. At this point, individuals must work to resolve their debt, or they could have their property repossessed. Obviously, this can create an entirely different set of problems. After getting notice of a tax lien, many people maycontinue reading…
Tax Liens
Make sure to notify the IRS if you are moving
If you are planning on moving your business to a new address, make sure to file the appropriate paperwork with the Internal Revenue Service. In one recent case, a taxpayer’s failure to properly notify the IRS of an address change barred it from challenging a tax lien. A taxpayer moved from his primary residence and hecontinue reading…
Minnesota Senate’s sales tax bill passes with slim vote
Owning and operating a business involves so much more than a simple exchange of money for goods. One of the complex parts of business transactions involves collecting sales tax imposed by state and local governments. For business owners, it may feel like tax collection and in a way it is, because the business owner iscontinue reading…
Tax lien forces Warwick to say a little prayer, files bankruptcy
Responding to a tax notice is a decision that shouldn’t be made lightly. Why? Tax liens can have an effect on a taxpayer’s future, affecting credit, homes sales and overall finances. Dionne Warwick said that a million-dollar tax lien was a prominent factor in her recent decision to file for bankruptcy protection. According to a representative forcontinue reading…
Google’s $300k tax lien an “error,” says local tax official
Many of us in Minnesota use Google on a daily basis and news of the company reporting billions of dollars in revenue is nothing new. But after hearing the news that a $300,000 tax lien has been placed on the company, something just doesn’t add up. A tax lien can be local, state or federal,continue reading…
