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A Certificate of Release of Federal Tax Lien (“Release”) is a public notice that indicates that the tax liability is no longer owed. However, the Release does not remove reference to the filing, of the corresponding Notice of Federal Tax Lien (“NFTL”), from the public record. Consequently, even though the tax liability has been resolved and the Release has been obtained, a third (3rd) party…
If the Indiana Department of Revenue (“IN-DOR”) reasonably believes that the taxpayer has not reported the proper amount of tax due, then, based on the best information available, it shall make a proposed assessment, of the amount, of the unpaid tax, and issue a Notice of Proposed Assessment (“AR-80”). The taxpayer may challenge the AR-80, by filing a written protest (“Protest”),…
When spouses file a joint tax return, each spouse is responsible for the entire tax liability. This is referred to as joint and several liability. Joint and several liability survives the divorce of the spouses even if the corresponding Divorce Decree states that one (1) of the spouses is solely responsible for any particular tax liability. Injured Spouse Relief is available…
As soon as practicable after a tax return is filed, the Illinois Department of Revenue (“IL-DOR”) shall examine the tax return to determine the correct amount of tax. If the IL-DOR finds that the amount of tax shown on the tax return is less than the correct amount, then a Notice of Deficiency (“NOD”), which shall set forth the amount…