Story Pitch: The Effects of New Rules on IRS Tax Liens

Just last month the IRS announced that it would ease rules on liens for those who cannot pay their taxes on time. The threshold for an automatic lien has been raised from people who owe at least $5,000 to $10,000. The new rules will allow for people to have their liens withdrawn once they pay their tax bills. But, are they out of the woods yet? A member of the Pennsylvania Institute of Certified Public Accountants (PICPA) can explain what consequences can still arise from a tax lien for both individuals and small business owners. Contact Jim DeLuccia at jdeluccia@picpa.org or (267) 675-6261 to set up an interview with a CPA.