From time to time we play stump the stars. How many notices do you think the IRS sends out every year? The number is staggering, so it’s a good thing their postage is free! The IRS sends out 200 million notices a year, a HUGE number. Many of them are federal tax liens and federal tax levies. Looks like somebody is pretty busy.
Filing of the federal tax lien.
L.A. NOW
Southern California — this just in
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November 27, 2009 | 4:59 pm
A federal tax lien for nearly $80,000 filed against Gov. Arnold Schwarzenegger is related to “a minor paperwork tracking discrepancy,” and is expected to be cleared up quickly with no penalty assessed on the governor, spokesman Aaron McLear said this afternoon.
Public records show the lien was filed May 11 at the Los Angeles County recorder’s office for $79,064, according to a record in an electronic database that includes lien filings. The record lists the debtor as Arnold Schwarzenegger and the address as the governor’s home address in Brentwood.
The lien was reported Friday by TMZ.com, which posted a copy of a lien document that says it is from the county recorder’s office. That document shows that Schwarzenegger owes $39,047.20 from 2004 and $40,016.80 from 2005.
The document also lists a section of the IRS code that suggests the debt may be penalties for a failure to report certain business transactions.
In a statement, McLear said the matter had not been brought to Schwarzenegger’s attention until Friday. “The issue is completely unrelated to the payment of taxes, which the governor has paid in full and on time,” the spokesman said.
IRS spokesman Victor Omelczenko said he could not discuss the agency’s dealings with individual taxpayers.
–Michael Rothfeld in Sacramento
Great article. The bottom line is that he did not pay the tax.
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Many people want to know just how does the IRS get their levy information?
Actually, taxpayers turn themselves in. When you send in your tax return, you put your pay stub, where you write your check from to the IRS, interest and dividend information right on the tax return. So the taxpayer creates for themselves their levies sources by giving that information to the IRS.
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