The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: IRS question||Date: 6/22/2013 12:40 AM|
|Author: Wradical||Number: 118735 of 122316|
(Donna:)I am more and more often running into situations where the IRS is extending its lien.
That really surprises me. Accounts usually don't get more productive with age.
Rule Your Retirement Home Fool
No, they don't, but from the IRS' (and honest taxpayers') point of view, why not extend them? It costs relatively little to keep them in place.
And while IRS seems to be fairly liberal with installment agreements, I find they're not very flexible at all with offers in compromise, despite what I've been reading in the mass media.
IRS is never going away, and neither will their liens, in all likelihood, until a taxpayer dies and takes his property with him.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|