An IRS tax lien can significantly impact your financial situation. It attaches to all your assets, including real estate, personal property, and financial assets, making it difficult to sell or refinance your property. Additionally, it can affect your credit score, limiting your ability to obtain loans or credit.
Solutions for IRS Tax Lien Release with Expert Tax Lien Attorney
Don’t let a tax lien disrupt your financial stability any longer. Get comprehensive solutions to manage and resolve your tax lien issues efficiently. Our team of Tax Attorneys, CPAs, and Former IRS Agents, with 200+ years of combined experience is here to help. The relief you deserve is closer than you think!
Nearly 975,000 Americans Face Federal Tax Liens Each Year!
Looking at these statistics, it’s no surprise that more individuals are turning to professionals each year for assistance with tax liens. This number is expected to rise as more taxpayers remain in debt. A Federal Tax Lien can financially cripple you for up to ten years, making it vital to get it released as soon as possible.
While managing a tax lien on your own might seem straightforward, the complexity and frequent changes in tax laws mean that even minor errors can result in severe financial consequences, including additional penalties and prolonged liens. Getting help from a tax professional ensures your tax lien is handled accurately and efficiently.
How Can a Federal Tax Lien Affect You?
A Federal Tax Lien can have significant impacts on various aspects of your life. Understanding these effects is crucial to managing and resolving the lien efficiently. Here are some key ways a federal tax lien can affect you:
- Your Assets: A Federal Tax Lien attaches to all your current and future assets, including cars, boats, and any other property you own. This lien remains in place for the duration of the debt, potentially limiting your ability to sell or transfer these assets.
- Your Credit: Once the IRS files a Notice of Federal Tax Lien, it becomes a permanent part of your credit record. This can severely limit your ability to obtain credit, as the lien indicates to creditors that the IRS has a legal claim to your property.
- Your Business: The lien extends to all business property and rights to business property, including accounts receivable. This can hinder your business operations and your ability to secure business financing.
- Public Record: A Federal Tax Lien is filed at the courthouse where you reside, making it a public record. This public notice informs creditors that the IRS has a legal right to your property due to unpaid back taxes.
FEDERAL TAX LIEN VS. FEDERAL TAX LEVY
Understanding the difference between a federal tax lien and a federal tax levy is crucial for managing your tax issues effectively. Here’s a clear breakdown:
Federal Tax Lien
A federal tax lien secures the government’s interest in your property when you don’t pay your tax debt. It affects all your assets, including real estate and personal property.
Federal Tax Levy
A Federal Tax Levy is different and more severe. It allows the IRS to seize your property or assets to settle the tax debt. This can include taking money directly from your bank accounts or garnishing your wages.
Dealing with tax liens or IRS levies? Michael Sullivan offers personalized assistance to resolve tax lien release needs, IRS debt settlements, and IRS bank levy issues. Get in touch today and take the first step towards hassle-free tax relief. Immediate help is just a call away!
Get the IRS Tax Lien Attorney To Withdraw The Notice Of Federal Tax Lien
We can assist you in swiftly and effectively releasing your tax lien – thanks to over 60 years of direct Internal Revenue Service experience in local, district, and regional offices.
- We’ll Help You with Precise Documentation
- We make sure all required paperwork is properly prepared and submitted, lowering the possibility of mistakes that might cause a delay in the lien removal process.
- We’ll Ensure Full Legal Compliance
- Our team makes sure all actions adhere to current tax laws, minimizing the chance of additional penalties or legal complications.
- We’ll Prevent Future Liens
- We provide guidance and set up systems to help you avoid future tax liens, keeping your financial situation stable.
- We’ll Represent You Legally
- If disputes arise, we offer legal representation to protect your rights and interests.
- We’ll Improve Your Financial Health
- Removing a tax lien can significantly improve your financial health and credit score.
- We’ll Give You Preventative Guidance
- We advise you on how to avoid circumstances that could lead to future tax liens, securing your financial future.
Trust Michael Sullivan for all your tax lien release needs. Get guaranteed, hassle-free, and efficient removal of your tax liens. Plus, with expert wage garnishment attorneys and IRS tax consultants ready to assist, you’re in good hands everytime. Reach out today for immediate tax relief!
How to Remove a Tax Lien With the Help of Our Tax Lien Lawyer?
Step 1: Understanding Your Tax Lien
We start with a complimentary consultation call to get to know your financial situation and the specifics of your tax lien. This helps our attorney tax lien tailor our approach to your unique needs.
Step 2: Reviewing the Notice of Federal Tax Lien
Our federal tax lien attorney carefully reviews the Notice of Federal Tax Lien filed by the IRS to understand the details and implications, ensuring we have all the necessary information to proceed.
Step 3: Determining the Amount Owed and Exploring Payment Options
We’ll check how much you owe, including penalties and interest. While paying the full amount is the simplest way to remove the lien, we know it’s not always possible. If you can’t pay in full, we can help you explore other options like settling for less with an Offer in Compromise (IRS Form 656) or setting up an installment plan with manageable payments.
Step 4: Handling Property and Creditors
If you need to sell a specific property, our property tax lien attorney guides you to apply for a discharge of the lien on that property (IRS Publication 783). For better credit options, we can request subordination, allowing other creditors to take priority over the IRS (IRS Publication 784).
Step 5: Ensuring Compliance and Withdrawal of the Lien
Our attorney tax lien helps you request a withdrawal of the Notice of Federal Tax Lien (Form 12277), removing the public notice of the lien. Additionally, we’ll ensure all your tax returns are filed and up to date to prevent future issues.
We Understand the Challenges of IRS Tax Liens!
We know how stressful it can be to handle an IRS tax lien. Our team of Tax Attorneys, CPAs, and Former IRS agents is here to help you find the swiftest way to release your federal tax lien.
With 200+ years of combined tax experience, including working directly with the IRS, we have the knowledge to solve your tax problems quickly. Contact us today for a free consultation, and let us help you get immediate tax relief and peace of mind. We’ll take care of everything, so you don’t have to worry.
Get in touch and take control of your financial future with our expert help.
FAQs
Releasing an IRS tax lien involves paying the total amount owed to the IRS. Once the payment is made, the IRS will release the lien within 30 days. Michael Sullivan, our experienced tax lien attorney, can guide you through this process to ensure everything is handled correctly.
The removal of an IRS tax lien typically occurs within 30 days after the debt is fully paid. However, the timeline can vary based on individual circumstances. Consulting with a federal tax lien attorney, like Michael Sullivan, can provide a clearer understanding of your specific situation.
Having an IRS tax lien can have severe consequences, such as damage to your credit score, difficulty in selling or refinancing your property, and potential seizure of assets. It’s crucial to address the lien promptly with the help of a property tax lien attorney to mitigate these effects.
Yes, it is possible to negotiate with the IRS to settle an IRS tax lien. An experienced tax lien lawyer can help you explore options such as installment agreements, offers in compromise, or other settlement methods to resolve the lien.
A tax lien attorney, like Michael Sullivan, can provide invaluable assistance in managing and resolving your IRS tax lien. From negotiating with the IRS to ensuring all legal procedures are followed, an attorney can help you navigate the complexities of your tax situation and work towards a favorable resolution.
Consult Former IRS Agent Today!
Explore your options and start your journey towards assured tax relief.