If you fail to pay a tax debt, the IRS can place a federal tax lien against your property. This is done by filing a public document called a Notice of Federal Tax Lien to alert creditors that the government now has a legal right to your property.
Federal Tax Liens prevent you from borrowing any money in most cases. An IRS lien makes it harder to rent an apartment, get a car, or obtain any kind of credit. An IRS Lien can even jeopardize your job!
As you can imagine, the best pay to get rid of a federal tax lien is to prevent one in the first place! If you have unpaid taxes, you should consult with us immediately so that you can avoid a federal tax lien entirely! There are a number of ways you can avoid a lien. We can explain your options to you.
If, however, you didn’t consult us first and the IRS has issued a Notice of Federal Tax Lien, we can help with that too.
In some cases, we can request a Collection Due Process hearing or Equivalent Hearing and request collection alternatives such as an installment agreement.
Even without a Collection Due Process hearing, there are a number of ways you can release or resolve a federal tax lien. It can be “discharged” in certain cases. This would remove it from the specific property. It can be “subordinated”. This does not remove the lien, but would allow other creditors to take priority over the IRS which may allow you to borrow money. You can also have the lien withdrawn. This is a complete removal of the Notice of Federal Tax Lien.
In some cases, we can help to have the lien discharged or subordinated. In others we may be able to have it withdrawn. Entering into certain agreements with the IRS can trigger a lien withdrawal.
Call now to schedule your free consultation so we can prevent (or resolve) a Notice of Federal Tax Lien and start you on your path to relief. You can also request a free copy of our book, The Essential Tax Resolution Survival Guide.