What You Should Know about Tax Liens
A tax lien is the government’s way to secure its interest in your assets and facilitate collection of your tax liability. In the simplest of terms, it’s a last resort action used to secure the payment of your individual or business taxes. When you have unpaid federal or state income taxes, the federal and state governments can legally file a tax lien. If you have unpaid local income or property taxes, local governments may also file a tax lien in that case.
After a lien is properly filed, the government has a right to all of your property, as well as any property or rights to property you acquire thereafter. Once its interest in your property is secured, the government can levy or seize your property as a means of collection. In addition to the prospect of a levy or seizure, taxpayers will often witness a significant decline in their credit score and an increase in difficulty in obtaining a loan or line of credit once a tax lien is filed.
How We Can Help
Although tax liabilities and tax liens often go hand-in-hand, we will help you determine if a lien has been filed and if you are in need of tax lien help. If a lien has not yet been filed, we will explain what actions you need to take to prevent one from being filed.
In certain circumstances, the government will allow a payment arrangement or a tax settlement without the need for a lien filing. In situations where a lien has already been filed, relief may be granted via a request for a lien discharge or a subordination of the lien under certain conditions.
Additionally, you may be eligible for a withdrawal. While you are still responsible for the amount due, a withdrawal removes the public Notice of Federal Tax Lien and assures the IRS is not in direct competition with creditors for your property.
You will also be advised if you qualify for a lien release under the new IRS Fresh Start program. In all cases regarding IRS tax liens, we will ensure your taxpayer rights are protected and, if necessary, file an appeal on your behalf before or after a lien is filed. At Landmark Tax Group, we offer services to work with you to understand your situation and explore all the options available to you. As former IRS Officers and IRS Auditors, we know how the IRS works and how to protect you and your assets.
If you are in need of tax lien help, contact us today to request a FREE consultation with our ex-IRS agents here or call us now at (714) 382-6780
“You have helped me so much! I went with my gut feeling and I’m so happy I did. I cant say thank you enough. ” – Fran L.
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For immediate assistance with tax liens, or another tax matter, contact us today at 1-714-382-6780 for a FREE and CONFIDENTIAL consultation.
We look forward to serving you.
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