What is an IRS Tax Lien?
The last entity you want to owe money to is the IRS. They can be very hardcore when it comes to getting what is owed to them. They can issue and file a tax lien and that means they can freeze and seize your assets. This includes your paycheck, your bank accounts, your home, your car, and more. They play hard ball so you have to do all you can to avoid an IRS tax lien.
The IRS isn’t the bad guy though as they often get the reputation for being. Instead, they are doing their job by filing a tax lien to make sure you pay your back taxes. If you are having trouble paying them, you need to take measures to resolve your unpaid back taxes. They are willing to work a resolution for taxpayers in financial hardships.
However, if you ignore them don’t be surprised if they issue an IRS tax lien. This type of lien can be applied against a person or against a business. If it is against and individual, any joint assets they have with a spouse can be taken. If it is against a business, the assets for all involved in it may be frozen. It does depend on the structure of the business though.
IRS Lien vs. Other Liens
You may be in dire straits right now when it comes to your financial situation. If that is the case, you may have plenty of liens on the horizon. The IRS usually takes precedence though over all of them. This is because of their status. Any competing liens would be prioritized underneath them as taxes are priority debts.
The IRS lien can remain in place until the entire amount due is paid in full or 10 years has passed. No one wants to have their IRS debt hanging over them for a full decade. There are also circumstances when they can extend that 10 year period too.
Get Help with an IRS Tax Lien
It can be very scary indeed to have an IRS tax lien issued against you. However, you don’t have to be trying to get through all of it on your own. Instead, you can turn to us to help you. We have experience with various situations, and we will take the time to help you find a solution for your particular matter. We can be the bridge between you and the IRS.
What you may not be aware of is that there are often changes to the IRS tax lien laws. We stay on top of them. This means when you come to use for help, we are able to offer you up to date information. We can help you to focus on your options so that you can get out from under this dark black umbrella.
Installment Agreements
The best way to make the IRS happy is to offer an installment agreement. We can help you with getting it all set up. This type of agreement means that you will be able to pay monthly payments of a set amount. With the installment agreement, the payments should be affordable so you can meet your other necessary expenses.
In fact, for certain taxpayers, we can help you to get the IRS tax lien withdrawn as soon as an automated debit installment agreement is completed. Keep in mind though that if you don’t have the funds in the account for them to take out, it can null and void that agreement.
With Tax Liens You Should Act Quickly
When you get an IRS tax lien notice, you have about 10 days to take action. That means you have to pay what you owe them or offer some other means that they would accept and or appeal the lien filing.
Call us at 877-788-2937 for a confidential consultation.
We help taxpayers with IRS federal tax liens in areas such as: Whittier, La Habra, Norwalk, El Monte, Santa Fe Springs, Downey, Pico Rivera, Montebello, Hacienda Heights, La Habra Heights, West Covina, Brea, Fullerton, Yorba Linda, Cerritos, La Mirada, Lakewood, Anaheim, Santa Ana, Long Beach, Compton, Torrance, Los Angeles, Pasadena, Beverly Hills, Santa Monica and throughout Los Angeles County, Orange County, Corona, San Bernardino County, Riverside County, the Inland Empire, the San Fernando Valley and the San Gabriel Valley.