The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/donnai-am-more-and-more-often-running-into-30744812.aspx

Subject:  Re: IRS question Date:  6/22/2013  12:40 AM
Author:  Wradical Number:  118735 of 121095

(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.

Phil
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.

Bill
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us