IRS Tax Liens

What is a tax lien?

A federal tax lien is the government’s legal claim against your property when you fail or neglect to pay your tax debt. If you owe taxes and cannot seem to pay your bills, the IRS will place a lien on your assets, your bank accounts, and your home without hesitation

If an IRS lien has been filed against you, you must contact us immediately to schedule an appointment without wasting any more valuable time. Once your needs are assessed , we will make sure your available options are identified and your eligibility determined for alternatives such as a devised IRS payment plan or Offer in Compromise Program available to you.

Lien vs. Levy

IRS Lien and IRS levy are often used interchangeably and easy to get the two confused. The two are very different from one another. A lien secures the government’s interest in your property when you do not pay your tax debt. A levy actually seizes and sells the property you own to pay the tax debt.

When Lien is Imposed

The IRS will impose a lien against all of your assets when your taxes are not paid giving them the right to seize all your properties, including your business, and everything you own.

The IRS will initiate the tax lien by filing a public notice document on your property and accounts alerting the creditors that that government now has a priority over your property and that is has the legal right to seize the property in the event that an IRS seizure becomes necessary to clear the tax debt. Any lien that is filed against you will also show up on your credit report and credit score thus preventing you from buying any property, making big purchases, opening accounts or borrowing money.