Wednesday, April 2, 2008

Settling IRS Debts and your Home

QUESTION: Is it possible to settle tax debt to the IRS without giving up your home?ANSWER: You may establish various payment arrangements to pay your tax debt with the IRS. Regarding your residence, the IRS may not seize any real property used by you as a residence to satisfy a tax liability (including penalties and interest) of $5,000 or less

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7 comments:

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