The IRS assesses a tax deficiency plus interest against Jane and Bill for their jointly filed...

 

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The IRS assesses a tax deficiency plus interest against Jane and Bill for their jointly filed Year 1 tax return on October 30, Year 3, and mails them a Notice and Demand on November 20, Year 3. A. The IRS files a Notice of Federal Tax Lien against Jane and Bill's property on January 5, Year 4, and sends a copy to Jane and Bill with a notice of their CDP rights on that same date. What are Jane and Bill's options? B. The IRS files a levy with Jane and Bill's bank on their joint bank account on January 5, Year 4, and sends a copy of the levy to Jane and Bill on that same date. What are Jane and Bill's options? The IRS assesses a tax deficiency plus interest against Jane and Bill for their jointly filed Year 1 tax return on October 30, Year 3, and mails them a Notice and Demand on November 20, Year 3. A. The IRS files a Notice of Federal Tax Lien against Jane and Bill's property on January 5, Year 4, and sends a copy to Jane and Bill with a notice of their CDP rights on that same date. What are Jane and Bill's options? B. The IRS files a levy with Jane and Bill's bank on their joint bank account on January 5, Year 4, and sends a copy of the levy to Jane and Bill on that same date. What are Jane and Bill's options?

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ane and Bills Options Scenario A Notice of Federal Tax Lien Filing a Notice of Federal Tax Lien This ... View the full answer