"So You Owe Taxes — Now What ?" Seminar at the Springfield Greene County Library Auditorium at 6:00 P.M., Tuesday, April 24, 2012 
12/26/11
For the second year, the Springfield-Greene County Library District is participating in Money Smart Week @ Your Library, a national week sponsored by the Federal Reserve Bank of Chicago and the American Library Association. Money Smart Week is a week full of personal finance courses for the community presented at their local library. We depend on partners like you to provide the financial expertise in presenting these financial literacy courses to the public. For more information see Money Smart Week.
I will present "So You Owe Taxes" with Dr. Sandra Byrd director of the Low Income Tax Clinic at Missouri State Universcity and MSU graduate students as part of Money Smart Week @ Your Library.
The Library Center Auditorium
4563 S. Campbell Ave., Springfield, Missouri
6:00 P.M., Tuesday, April 24, 2012
Presented by:
- Frank Carnahan, Carnahan, Evans, Cantwell & Brown, P.C.
- Dr. Sandra Byrd, director of the Low Income Tax Clinic at MSU
- MSU graduate students, and
- the Springfield Greene County Library
Topics include:
- becoming compliant
- assessing the status of IRS collection actions and dealing with liens, wage garnishments and bank levies
gathering information - completing IRS financial information forms and IRS collection standards, and
- reviewing options and establishing a plan to deal with the balance owed.
Specific collection options to be discussed include:
- Hardship or currently uncollectible – a temporary solution not requiring current payments
- Monthly installment payments
- The statute of limitations on collections
- Possible discharge of taxes in bankruptcy
- Offer in compromise – the IRS will take less than is owed is come cases
Abatement of penalties - Injured spouse relief
- Innocent spouse relief
- Discharge of property from IRS lien, which does not resolve your tax debt, but lets you sell your residence free of the lien, and
- Subordination of the IRS lien to new financing to allow you to refinance your residence on more favorable terms