IRS Tax Lien Assistance

A federal tax lien is the IRS’s right to prevent you from selling your property when taxes owed are not paid. The government takes this step first to ensure you keep (or don’t borrow against) assets that can be used to pay your tax debt.

A federal tax lien can even apply toward future money you earn.

Once a tax lien is in place, your rights to the property identified in the lien are removed. The IRS then owns legal claim over the property and can sell it. If the sale doesn’t result in full payment of what you owe, the IRS can seize other assets and even take additional action, such requesting a wage garnishment.

Not only are tax liens public record, but they have a severe effect on your credit. So if you need a loan for a future purchase, approval won’t come easy.

You should take action as soon as possible when a lien is put in place against you. In order for the IRS to release a tax lien, your only options are to pay your back taxes in full, make a payment arrangement or settle your tax debt using a solution such as Installment Agreement.

An experienced tax attorney can help you figure out the best solution for your situation.