The IRS has placed a lien on your property or financial assets. What is your next move? How do you handle this situation? And, most importantly, can you dispute or stop a tax lien? Finding out there is a tax lien on your property – whether real estate, personal property, or financial assets – is… Read more »
If you’re having tax problems
Tag: tax liens
If you can’t pay your tax debt in full, you may still have options for avoiding an IRS tax lien. The IRS allows certain taxpayers to receive a lien withdrawal, lien discharge, or lien subordination.
An IRS installment agreement is one of the best ways to resolve your tax debt problems. You can avoid most types of IRS collection actions and pay off several years of tax debt as long as you make your monthly payment.
What we are going to cover: The IRS has many tools at their disposal for recovering a delinquent tax debt Among those tools, is the tax levy A tax levy is when the IRS seizes a taxpayer’s assets (monetary or otherwise) to pay off a tax debt 8 Ways to get an IRS tax levy… Read more »
What We Are Going to Cover: – Ignoring your tax debt won’t make it go away. In fact, it will only get worse. – The IRS is willing to work with taxpayers who have tax debts they cannot pay – 10 Reasons you shouldn’t ignore your tax debt: IRS notices Automated Collections Tax refund seizure… Read more »
You can get around an IRS lien by requesting a withdrawal, discharge, or subordination. Each of these strategies can be useful in different situations, depending on the reason you are trying to avoid the lien.
It is the right of the IRS to seek payment for debt you owe to the government, but it can be difficult going up against the IRS alone. Therefore, it’s in your best interest to take advantage of knowledgeable, experienced, and professional tax attorneys. Not only will you receive expert guidance, but it could… Read more »
IRS Levy Procedures The IRS must follow certain procedures before seizing your property. Typically, that process goes something like this: You receive a notice stating that tax has been assessed and asking you to pay it. You don’t pay or resolve the matter by the deadline. A Final Notice of Intent to Levy is… Read more »
What is a Tax Lien? The Internal Revenue Service frequently files tax liens (federal) against taxpayers with unpaid tax obligations. Federal tax liens are documents that are filed with county governments (often where the relevant taxpayer lives or conducts business) informing the public that the taxpayer owes money to the IRS. Liens are attached to a taxpayer’s property (both… Read more »