30 Jun '11, 10am

GrowSmartBusiness: IRS Changes Can Help Business Struggling With Taxes #li

GrowSmartBusiness: IRS Changes Can Help Business Struggling With Taxes #li

Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens. A federal tax lien gives the IRS a legal claim to a taxpayer’s property for the amount of an unpaid tax debt.This includes property owned at the time the notice of lien is filed as well as any property purchased after that. Since a lien can hurt a taxpayer or business’s credit rating, it’s crucial to pay taxes as quickly as possible to have the lien removed.

Full article: http://www.networksolutions.com/smallbusiness/2011/06/irs...

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