IRS Tax Lien on Discharged Chapter 7 case
Thanks Dennis. If they don't abate is there any real harm to the debtor in the long run since the lien only attaches to the pre-petition assets?
Regards,
Tuan Le
[Tuan-Le-Email-Signature]
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Tuan.
Sometimes the IRS won't abate. Ask why? It may be the IRS says there is equity in an asset to which the lien attached. If it is not too much, the client can make a designated payment, or even pay it in a 13, or an installment agreement.
D
Sent from my iPhone
> On Apr 10, 2017, at 3:35 PM, Tuan Le tuanl@stevelopezlaw.com [cdcbaa] wrote:
>
> Thanks John and Mark. I have learned that IRS liens trump all. Could someone please share the special procedures contact information? I have only found the email online but it appears its for return of property. Thanks.
>
>
>
>
>
> Regards,
>
>
>
> Tuan Le
>
>
>
>
>
>
>
> DISCLAIMER: This e-mail may contain confidential information and may also be legally privileged. If you are not an intended recipient, as indicated above, please notify us immediately. In such event, you should not copy or use this e-mail for any purpose nor disclose its contents to anyone. Enclosed information and attachments remain the property of the LAW OFFICE OF STEVE LOPEZ. Opinions, conclusions, attachments, and neither information in this message that do not relate to the official business of the LAW OFFICE OF STEVE LOPEZ should be understood as my personal responsibility, and as neither given nor endorsed by the LAW OFFICE OF STEVE LOPEZ.
>
>
>
> Sent: Monday, April 10, 2017 3:26 PM
> To: cdcbaa@yahoogroups.com
> Subject: Re: [cdcbaa] IRS Tax Lien on Discharged Chapter 7 case
>
>
>
>
>
> Also understand that IRS is not subject to state exemptions. Lien remains on all property, including IRAs and house, with no acknowledgment of homestead, after bankruptcy is over. Having said that, yes, they will release the lien if there is a trivial amount of assets.
>
> - John D. Faucher
>
>
>
>
>
> On Monday, April 10, 2017 5:13 PM, "'Mark J. Markus' bklawr@yahoo.com [cdcbaa]" wrote:
>
>
>
>
>
> Depends on the amount and what assets it has attached to. They will usually release the lien after the BK if the amount is minimal (they have a pre-sent threshold amount).
>
> Contact special procedures to do a release of lien and abatement of tax.
>
>
>
> On 4/10/2017 3:08 PM, tuanl@stevelopezlaw.com [cdcbaa] wrote:
>
> Dear List,
>
> I have a client that received a Chapter 7 discharge but had IRS Tax Liens filed years before filing the bk petition. Is there anyway to have the IRS tax liens removed from the pre-petition exempt property or is it even worth trying?
>
> Thanks,
> Tuan Le
>
>
>
>
>
> Virus-free. www.avg.com
>
>
>
> --
>
> *************************
> Mark J. Markus
> Law Office of Mark J. Markus
> Mailing Address Only:
> 11684 Ventura Blvd. PMB #403
> Studio City, CA 91604-2652
> (818)509-1173 (818)332-1180 (fax)
> web: http://www.bklaw.com/
> Certified Bankruptcy Law Specialist--The State Bar of California Board of Legal Specialization
> This Firm is a Qualified Federal Debt Relief Agency
> ________________________________________________
> NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
> IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.
>
>
>
>
>
Sometimes the IRS won't abate. Ask why? It may be the IRS says there is equity in an asset to which the lien attached. If it is not too much, the client can make a designated payment, or even pay it in a 13, or an installment agreement. DSent from my iPhoneOn Apr 10, 2017, at 3:35 PM, Tuan Le tuanl@stevelopezlaw.com [cdcbaa] <cdcbaa@yahoogroups.com> wrote:
Thanks John and Mark. I have learned that IRS liens trump all. Could someone please share the special procedures contact information? I have only found the email online but it appears its
for return of property. Thanks.
Regards,
Tuan Le
The post was migrated from Yahoo.
If they filed a proof of claim, it will be on there. Otherwise, try
213-576-4400
On 4/10/2017 3:35 PM, Tuan Le tuanl@stevelopezlaw.com [cdcbaa] wrote:
>
>
> Thanks John and Mark. I have learned that IRS liens trump all.
> Could someone please share the special procedures contact
> information? I have only found the email online but it appears its
> for return of property. Thanks.
>
> Regards,
>
> Tuan Le
>
> Tuan-Le-Email-Signature
>
> DISCLAIMER: This e-mail may contain confidential information and
> may also be legally privileged. If you are not an intended
> recipient, as indicated above, please notify us immediately. In
> such event, you should not copy or use this e-mail for any purpose
> nor disclose its contents to anyone. Enclosed information and
> attachments remain the property of the LAW OFFICE OF STEVE LOPEZ.
> Opinions, conclusions, attachments, and neither information in
> this message that do not relate to the official business of the
> LAW OFFICE OF STEVE LOPEZ should be understood as my personal
> responsibility, and as neither given nor endorsed by the LAW
> OFFICE OF STEVE LOPEZ.
>
> *From:*cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com]
> *Sent:* Monday, April 10, 2017 3:26 PM
> *To:* cdcbaa@yahoogroups.com
> *Subject:* Re: [cdcbaa] IRS Tax Lien on Discharged Chapter 7 case
>
> Also understand that IRS is not subject to state exemptions. Lien
> remains on all property, including IRAs and house, with no
> acknowledgment of homestead, after bankruptcy is over. Having said
> that, yes, they will release the lien if there is a trivial amount
> of assets.
>
> - John D. Faucher
>
> On Monday, April 10, 2017 5:13 PM, "'Mark J. Markus'
> bklawr@yahoo.com [cdcbaa]"
> wrote:
>
> Depends on the amount and what assets it has attached to. They
> will usually release the lien after the BK if the amount is
> minimal (they have a pre-sent threshold amount).
>
> Contact special procedures to do a release of lien and abatement
> of tax.
>
> On 4/10/2017 3:08 PM, tuanl@stevelopezlaw.com
> [cdcbaa] wrote:
>
> Dear List,
>
> I have a client that received a Chapter 7 discharge but had
> IRS Tax Liens filed years before filing the bk petition. Is
> there anyway to have the IRS tax liens removed from the
> pre-petition exempt property or is it even worth trying?
>
> Thanks,
> Tuan Le
>
> https://ipmcdn.avast.com/images/icons/i ... avg-v1.png
>
>
>
>
> Virus-free. www.avg.com
>
>
> --
>
> *************************
> Mark J. Markus
> Law Office of Mark J. Markus
> *_Mailing Address Only:_*
> 11684 Ventura Blvd. PMB #403
> Studio City, CA 91604-2652
> (818)509-1173 (818)332-1180 (fax)
> web: http://www.bklaw.com/
> Certified Bankruptcy Law Specialist--The State Bar of California
> Board of Legal Specialization
> This Firm is a Qualified Federal Debt Relief Agency
> ________________________________________________
> NOTICE: This Electronic Message contains information from the law
> office of Mark J. Markus that may be privileged. The information
> is intended for the use of the addressee only. If you are not the
> addressee, note that any disclosure, copy, distribution or use of
> the contents of this message is prohibited.
> IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
> imposed by the IRS, we inform you that any U.S. tax advice
> contained in this communication (or in any attachment) is not
> intended or written to be used, and cannot be used, for the
> purpose of (i) avoiding penalties under the Internal Revenue Code
> or (ii) promoting, marketing or recommending to another party any
> transaction or matter addressed in this communication.
>
>
>
>
*************************
Mark J. Markus
Law Office of Mark J. Markus
_*Mailing Address Only:*_
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California
Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
________________________________________________
NOTICE: This Electronic Message contains information from the law
office of Mark J. Markus that may be privileged. The information is
intended for the use of the addressee only. If you are not the
addressee, note that any disclosure, copy, distribution or use of
the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
imposed by the IRS, we inform you that any U.S. tax advice contained
in this communication (or in any attachment) is not intended or
written to be used, and cannot be used, for the purpose of (i)
avoiding penalties under the Internal Revenue Code or (ii)
promoting, marketing or recommending to another party any
transaction or matter addressed in this communication.
The post was migrated from Yahoo.
Thanks John and Mark. I have learned that IRS liens trump all. Could someone please share the special procedures contact information? I have only found the email online but it appears its for return of property. Thanks.
Regards,
Tuan Le
[Tuan-Le-Email-Signature]
DISCLAIMER: This e-mail may contain confidential information and may also be legally privileged. If you are not an intended recipient, as indicated above, please notify us immediately. In such event, you should not copy or use this e-mail for any purpose nor disclose its contents to anyone. Enclosed information and attachments remain the property of the LAW OFFICE OF STEVE LOPEZ. Opinions, conclusions, attachments, and neither information in this message that do not relate to the official business of the LAW OFFICE OF STEVE LOPEZ should be understood as my personal responsibility, and as neither given nor endorsed by the LAW OFFICE OF STEVE LOPEZ.
The post was migrated from Yahoo.
Also understand that IRS is not subject to state exemptions. Lien remains on all property, including IRAs and house, with no acknowledgment of homestead, after bankruptcy is over. Having said that, yes, they will release the lien if there is a trivial amount of assets.- John D. Faucher
On Monday, April 10, 2017 5:13 PM, "'Mark J. Markus' bklawr@yahoo.com [cdcbaa]" wrote:
Depends on the amount and what assets it has attached to. They will usually release the lien after the BK if the amount is minimal (they have a pre-sent threshold amount). Contact special procedures to do a release of lien and abatement of tax.
On 4/10/2017 3:08 PM, tuanl@stevelopezlaw.com [cdcbaa] wrote:
Dear List,
I have a client that received a Chapter 7 discharge but had IRS Tax Liens filed years before filing the bk petition. Is there anyway to have the IRS tax liens removed from the pre-petition exempt property or is it even worth trying?
Thanks,
Tuan Le
| | Virus-free. www.avg.com |
--
*************************
Mark J. Markus
Law Office of Mark J. Markus
Mailing Address Only:
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
________________________________________________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication. #yiv3434250814
The post was migrated from Yahoo.
Depends on the amount and what assets it has attached to. They will
usually release the lien after the BK if the amount is minimal (they
have a pre-sent threshold amount).
Contact special procedures to do a release of lien and abatement of tax.
On 4/10/2017 3:08 PM, tuanl@stevelopezlaw.com [cdcbaa] wrote:
>
>
> Dear List,
>
> I have a client that received a Chapter 7 discharge but had IRS
> Tax Liens filed years before filing the bk petition. Is there
> anyway to have the IRS tax liens removed from the pre-petition
> exempt property or is it even worth trying?
>
> Thanks,
> Tuan Le
>
>
>
>
> Virus-free. www.avg.com
>
>
>
>
*************************
Mark J. Markus
Law Office of Mark J. Markus
_*Mailing Address Only:*_
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California
Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
________________________________________________
NOTICE: This Electronic Message contains information from the law
office of Mark J. Markus that may be privileged. The information is
intended for the use of the addressee only. If you are not the
addressee, note that any disclosure, copy, distribution or use of
the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
imposed by the IRS, we inform you that any U.S. tax advice contained
in this communication (or in any attachment) is not intended or
written to be used, and cannot be used, for the purpose of (i)
avoiding penalties under the Internal Revenue Code or (ii)
promoting, marketing or recommending to another party any
transaction or matter addressed in this communication.
The post was migrated from Yahoo.