Expo Holdings Inc. (EXPH)

[mahatmapaul]

mike: unbelievable. Here is precisely the "we'll agree to disagree" that we were talking about a few days ago. Total obfuscation and deflection.

Here's from a post of mine from yesterday, concerning the IRS procedures re: tax liens:

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If the assessment letter is ignored, the IRS will follow up with four more letters, CP-501, CP-CP-503, CP-504, and finally LT11/L1058 in most cases. These letters will get more and more threatening as the numbers get higher. The final one of the CP letters mentions it's intent to levy.

After these letters are sent to the taxpayer and there is no response or the tax amount is not paid, the IRS determines that they are not able to collect the tax the conventional way, the IRS will then file a Notice of Federal Tax Lien (NFTL) and potentially move forward with a levy [mahatmapaul's comment: THE LIEN IS FILED AFTER ALL THE ABOVE DEMAND LETTERS HAVE BEEN SENT AND SUBSEQUENTLY IGNORED ... naughty naughty, JD].

Once you receive this tax lien, the lien has already been attached to your property. ... With a tax lien in place, it gives legal claim to the IRS over that piece of property that the lien was placed and removes your rights to the property...

*****

From the time you receive your first letter to the last letter is typically a period of four to six months, and after this the IRS will begin the collection process.... If you owe payroll taxes, the process will most likely be accelerated and the process can be as short as 2 months."