11-20-11 Forbes: IRS Collection Procedures
Chicago tax attorneyChicago tax lawyerfederal tax lienIRS attorneyIRS collectionIRS collection. IRS levyIRS compromiseIRS garnishmentIRS LawyerIRS leinIRS levyIRS lienIRS offerIRS seizureOffer in compromiseRobert E. McKenzietax attorneytax experttax lawyertax lawyer. tax attorneytaxpayer advocatetaxpayer assistance orderTop 40 tax advisors
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Installment Agreement and Other Options
The Internal Revenue Service Restructuring and Reform Act of 1998 requires the Secretary to grant an installment agreement, at the taxpayer’s option, if:
• the liability is $10,000, or less (excluding penalties and interest);
• within the previous 5 years, the taxpayer has not failed to file or to pay, nor entered an installment agreement under this provision; [Act § 3467; IRC § 6159)
Robert E McKenzie Quoted in Two Forbes Articles on a Supreme Court Tax Case 4-26-12
The taxpayer win in Home Concrete & Supply will have a huge trickle down effect too, not just impacting these cases. Robert McKenzie, tax lawyer with Chicago’s Arnstein & Lehr LLP said four clients of his firm with similar issues would likely reap tax savings approaching $40 million. Indeed, some reports say the case calls into question up to $1 billion in tax revenues.