To stay in good standing with the IRS, you must avoid liens. But, what is a state tax lien and how can it be resolved? A lien of any kind is a legal claim on a person’s assets or property, to serve as collateral for a debt. In practical terms, liens effectively allow a creditor …
A lien can significantly and negatively impact your life, but when does the IRS file a tax lien and how can you remove them? Tax liens are issued against individuals with an outstanding tax balance who have failed to address their debt before a given deadline. For taxpayers with a tax debt of more than …
Receiving a Notice of Federal Tax Lien can be intimidating. Luckily, a professional tax attorney can help you navigate your taxes and help you determine your options. As an agency of the United States government, the IRS has unique tools at its disposal to collect tax payments – especially in cases of particularly tardy or …
There can be consequences of receiving a Notice of Federal Tax Lien. One of the main concerns is: how long does a tax lien stay on credit reports? The IRS utilizes federal tax liens as both a deterrent and a part of their collection process. When a taxpayer has a hefty unpaid tax debt, federal …
What is the difference between receiving a tax lien vs. levy and how can you resolve the issue? When the federal government finds that you are owing taxes and sends out a Notice of Deficiency, you have about 90 days to respond. In that time, you are encouraged to negotiate a payment plan with the …
Receiving a notice of a tax lien can be intimidating, but what is a tax lien and how can it be resolved? Here’s what you should know. When the IRS recognizes that a taxpayer is far behind on their obligations, they have extraordinary debt collection powers. One of the most important tools in their toolkit …