In an attempt to collect back taxes, the IRS places a lien on the assets of a taxpayer. A Notice of Federal Tax Lien is filed to secure the government's place as a creditor. It also attaches to all of your property and can ruin your credit for years. Needless to say, an IRS tax lien can be emotionally devastating in the long term. No taxpayer's credit benefits from the presence of an IRS lien. Be aware of the fact that the IRS has, in most cases, displayed reluctance prior to seizing one's property. As a result, one is advised to work and cooperate with the IRS to reach a tax settlement before the actual seizure occurs. Liens leave stains that are extremely hard to wash out.
If you contact us before the IRS files its lien, an income tax settlement lawyer can in most circumstances get a commitment from the IRS that the Notice of Federal Tax Lien will not be filed on you.
If you already have a lien filed and are looking to refinance your home, we can often negotiate a Lien Subordination with the IRS that will allow you to complete your refinancing. We can also offer help in the event of wage garnishment and other penalties.
