Resolve IRS Tax Liens
In our experience, tax liens are the most IRS tax collection powerful tools. The IRS and State taxing agencies can collect back taxes by levying on taxpayers’ property due to a tax lien. When a person owes back taxes, the IRS and State agencies gain a lien on all of that person’s assets after meeting specific statutory requirements. The lien attaches to all the taxpayer’s rights, titles, and interests. Once the IRS or the State tax agency has a lien on the assets, they may enforce that tax lien by administratively levying them.
Recorded with one or several county recorders, a tax lien tells the world that you owe back taxes and is generally devastating to the taxpayer’s credit. Liens make it very difficult to obtain credit or sell real estate. A lien may also affect employment and professional licensing, especially in the financial and insurance industries.
Although the taxing agencies are extremely reluctant to release or modify IRS liens, we might get the government to subordinate its lien to a lender, thus allowing the client to borrow money against his assets to satisfy all or part of the tax lien. Our attorneys also ensure the tax agencies have met all legal requirements for a legal tax lien filing. If any defects are discovered in the IRS lien process, our tax attorneys immediately appeal the filing of the tax lien.
Our tax lawyers have developed a proven plan of action for dealing with IRS tax liens:
- Make sure it is legal and all procedures have been followed.
- Evaluate the tax lien’s effect on the client.
- Determine the feasibility of appealing, subordinating, or discharging the lien.
- File the necessary forms to appeal, subordinate, or discharge the tax lien.
- Resolve the liability that gave rise to the lien.
