6 chapters across the catalog
In 2005, the IRS filed a $2.4 million tax lien against a media executive, claiming a failure to file taxes while living in the UK since 1999. IRS agents reportedly entered the company's office with weapons drawn looking for the individual. It took six months of legal proceedings to prove the executive had been living overseas and to remove the resulting wage garnishment.
A personal story is shared regarding a $134,000 IRS tax lien resulting from a failure to file proper paperwork while living in the Netherlands and Belgium. Despite having paid all foreign taxes, the individual faced wage garnishment and a permanent mark on their credit report. The anecdote concludes with the practical frustrations of the lien, such as being unable to use a debit card for a Hertz rental car at JFK airport.
IRS Identity Confusion and Credit Worthiness Issues
John C. Dvorak recounts a phone call from an IRS agent who confused him with a different John Dvorak living in Kansas City. Adam Curry shares his ongoing struggles with credit worthiness due to a tax lien and identity confusion with other men named Adam Curry in Oklahoma and New York. Curry states he has "opted out" of the system and intends to rent property for the rest of his life.
Personal anecdotes regarding IRS audits and bank account freezes are shared, including a $187,000 tax lien resulting from time spent living abroad. The discussion covers the long-term impact of these liens on FICO credit scores and the strategy of using audit insurance through services like TurboTax.
A host shares a personal story about a $143,000 IRS dispute that resulted in a tax lien on all assets and a credit score of 320. The anecdote illustrates the difficulty of navigating the modern financial system and the "scam" of credit scoring, which requires individuals to borrow money to prove creditworthiness.
Adam Curry, IRS Tax Lien and Credit Score Issues
Adam Curry discovered a $143,000 tax lien on his credit report while attempting to rent an apartment in San Francisco. Despite having resolved the issue with the IRS years prior, the lien remained on certain credit reports, forcing him to pay six months of rent in advance to secure a loft.
