TAX LIEN
Has the IRS filed a Federal Tax Lien against you?
Tax Liens on your record can make everyday life very difficult. Obtaining credit, licenses or permits, taking out a loan, buying a car, purchasing a home, selling a home, etc. all become increasingly difficult when you have a tax lien holding you back. Once a Federal Tax Lien is filed against your property you cannot sell or transfer the property without a clear title.
Basically, Federal Tax Liens are public records that indicate you have a federal tax debt and give the IRS legal claim to your property as security for payment. Because they are public records they show up on your credit report. Having to explain the nature of a tax lien upon each of life’s pursuits makes it very hard to live the American Dream. That’s why we’re here to help. Liens can only be Released, Discharged, Subordinated or Removed.
The First step is resolving your tax debt. We will assess your financial condition to determine the best method to pursue. If you qualify for an Installment Agreement or an Offer in Compromise we can negotiate to reduce your liability and eventually have the lien released and/or removed from your credit. Most Liens are released after 10 years, if they are not re-filed by the IRS, which is very likely if significant portion of the debt is still outstanding. However if an agreement is reached, the release of the lien generally occurs after the tax debt has been paid in full through the installment plan or settled in full through an accepted Offer in Compromise.
Removal of a lien is not done very often. Generally the IRS would have to admit that the lien was filed erroneously from the beginning. However the expansion of the IRS Fresh Start Initiative has given taxpayers new hope. We will guide you to process of having of possible removal of the lien altogether.
If you have yet to have a lien filed against you, let us take action before it is too late. We can file a Collection Appeal to stop the lien before it’s filed.
LEVY
Has the IRS filed a LEVY against you?
Don’t Ignore an IRS Collection Notice. An IRS Levy is the action taken by the IRS to collect a tax debt, with the most popular levy being placed on taxpayer’s bank accounts. However other assets can be levied as well, for the purpose of seizure and liquidation. If a bank levy is issued, all the cash in your savings and checking accounts are seized. It is basically a one day sweep of all your liquidated assets that the found by the IRS. However this process will continue until the liability is paid in full or until you take action.
Once collection reach this point the IRS will become very aggressive in pursuit of payment of tax debt. The IRS can levy your wages or accounts receivable and all other sources of income. The person, company, or institution that is served the levy must comply.
Don’t let it get to this point. Tax Levies should be avoided at all costs. You must act quickly once you receive your collection notice to avoid this process. However, if there’s a levy already filed on your bank accounts or your assets, we can help you remove the tax levy.
Another type of levy is a wage levies filed with your employer to garnish your wages until the debt is paid or the IRS notifies the employer that the wage levy has been released. These continuous levies are financially crippling and can make it nearly impossible to maintain a minimal standard of living. We can help you stop an IRS levy or seizure.
