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Reverend Al Sharpton Has the IRS After Him for $4.5 million

Tuesday, December 2, 2014
“No matter whom your friends are and how famous you are, if the Internal Revenue Service is after you, there is no hiding” say the tax lien attorneys at Strategic Tax Lawyers.  The famous civil rights leader, Reverend Al Sharpton, has been accused of having to pay more than $4.5M in state and federal tax liens for his companies, one of which is Sharpton’s National Action Network. The IRS tax documents have revealed that the network owes the IRS over $800,000 in unpaid payroll taxes. On top of that, he owes the state of New York an additional $800,000 in tax liens plus over $450,000 in tax liens related to a business, Revals Communications, which he owns.  Basically, there are more debts that Reverend Sharpton owes which totals over $4.5 million.  However, Reverend Sharpton denies the accusations and claims that the media is misleading the public and the issues have been long resolved. He claims that the information is inaccurate and political backlash for being a close advocate of President Obama.  He does admit he owes no current taxes but has an IRS agreement and payment plan for unpaid back taxes which totaled $2.3 million in unreleased federal tax liens from 2007 to 2009.  This also doesn’t include any liability for state taxes or from his personal businesses.

The Internal Revenue Service can impose severe action against individuals that do not pay their income tax bill or have outstanding debt to state and federal entities by issuing a tax lien.  The IRS can issue a tax lien in order to put pressure on a taxpayer to pay the overdue taxes and monies that are owed.  With the use of a tax lien, the IRS can claim income, property and other assets.  The drawback is that once a lien is issued, it prevents the individual from being able to secure credit.  This is because the information that creditors receive comes straight from the IRS, including tax lien information.  No creditor will take the risk to give credit to an individual if a tax lien is issued against them. In addition, the IRS can remove a lien only if the money owed is resolved and the tax debt is paid.  However, if ten years pass, then the IRS will release the lien automatically due to the stature of limitations.  However for any taxes that were assessed before 1990, the statute of limitations states that the lien will be released six years after. There have been cases of the IRS refilling tax liens to extend them.  

The tax lien attorneys recommend removing any tax liens from your tax records by immediately paying the tax debt, including any interest and penalties that are related, or you can post a bond to guarantee a payment.  A qualified tax lien attorney could make a case to appeal the tax lien to try to remove it from a IRS documents so it will no longer affect credit scores.

If you need a qualified tax lien attorney to help with appealing or removing a tax lien, contact the Strategic Tax Lawyers.  The Strategic Tax Lawyers are experienced tax lien experts and tax lien attorneys that can help taxpayers with IRS-related problems.  Call them today at (800) 669-4775 for a free case consultation.