Comments on: Keeping Me Updated: Deep Throat http://dallasdirt.dmagazine.com/2008/10/28/keeping-me-updated-deep-throat/ DallasDirt is a real estate blog with a focus on housing trends, realtor news, and photos of local fabulous homes from the editors of D Magazine Sat, 20 Mar 2010 11:00:46 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: dallas http://dallasdirt.dmagazine.com/2008/10/28/keeping-me-updated-deep-throat/comment-page-1/#comment-3589 dallas Tue, 04 Nov 2008 16:57:30 +0000 http://dallasdirt.dmagazine.com/?p=1429#comment-3589 The penalties for not complying with an IRS levy notice can be severe. According to the tax code, parties who have the obligation to respond to a levy but fail to do can be held responsible for the taxes, interest, and penalties on the levy. Non-complying parties can also be held responsible for collection costs and an additional penalty up to 50% of the tax due. The bottom line is that failure to comply with a levy notice could cause the unpaid taxes (and more) to be paid by the company instead. Hefty price tag in this case. The penalties for not complying with an IRS levy notice can be severe. According to the tax code, parties who have the obligation to respond to a levy but fail to do can be held responsible for the taxes, interest, and penalties on the levy. Non-complying parties can also be held responsible for collection costs and an additional penalty up to 50% of the tax due.

The bottom line is that failure to comply with a levy notice could cause the unpaid taxes (and more) to be paid by the company instead.

Hefty price tag in this case.

]]> By: disguys http://dallasdirt.dmagazine.com/2008/10/28/keeping-me-updated-deep-throat/comment-page-1/#comment-3582 disguys Mon, 03 Nov 2008 21:21:42 +0000 http://dallasdirt.dmagazine.com/?p=1429#comment-3582 texas, there are actually other agents in Dallas who don't pay their taxes? Imagine that! You said at your real estate firm you "get levies all the time on agents". If you were an office administrator I doubt your company would want you posting such information. And if you were an agent I highly doubt you would be privy to such information. Which leads me to believe you are an office manager/owner of a local real estate company. If my last assumption is true then you, sir or madam, have some cojones. Didn't someone post something a while back about Allie Beth getting tangled in a lawsuit with Eleanor? Surely...it couldn't be...nah... texas, there are actually other agents in Dallas who don’t pay their taxes? Imagine that! You said at your real estate firm you “get levies all the time on agents”.

If you were an office administrator I doubt your company would want you posting such information. And if you were an agent I highly doubt you would be privy to such information. Which leads me to believe you are an office manager/owner of a local real estate company.

If my last assumption is true then you, sir or madam, have some cojones.

Didn’t someone post something a while back about Allie Beth getting tangled in a lawsuit with Eleanor?

Surely…it couldn’t be…nah…

]]> By: texas http://dallasdirt.dmagazine.com/2008/10/28/keeping-me-updated-deep-throat/comment-page-1/#comment-3468 texas Wed, 29 Oct 2008 23:20:02 +0000 http://dallasdirt.dmagazine.com/?p=1429#comment-3468 But get this: DOJ “seeks relief… to file a lawsuit against Coldwell Banker for wrongful failure to honor levies served on it in connection with the Sheetses’ unpaid income taxes”. Coldwell Banker’s parent company is Realogy Corporation. ======= Well, it's about time. I've silently been wondering why in the heck weren't levies filed? I work for a real estate firm and I get levies all the time on agents. We MUST comply or else and we always have. I just knew that somehow Coldwell was turning a blind eye to the situation. But get this: DOJ “seeks relief… to file a lawsuit against Coldwell Banker for wrongful failure to honor levies served on it in connection with the Sheetses’ unpaid income taxes”. Coldwell Banker’s parent company is Realogy Corporation.

=======

Well, it’s about time. I’ve silently been wondering why in the heck weren’t levies filed? I work for a real estate firm and I get levies all the time on agents. We MUST comply or else and we always have. I just knew that somehow Coldwell was turning a blind eye to the situation.

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