What’s a Tax Lien?
When the IRS thinks you owe them a sizable amount of money, they will attempt to send you notice of your outstanding payment. If payment is not made by the deadline given in the notice, the IRS may place a Lien on all your property. This means that the IRS, in effect, owns whatever portion of your house or other property necessary to repay the tax debt. If payment is still not received, the IRS may take the next step and issue a Tax Levy notice, meaning they intend to seize your property (by whatever means necessary) in order to fulfill the debt. Tax Liens affect your credit, your ability to get mortgages and loans, and remain even if you file for bankruptcy.
If you have received a Notice of Federal Tax Lien from the IRS, CONTACT US RIGHT AWAY! At DaleTax, we can negotiate your tax debt down through an offer in compromise, and set up a plan with the IRS to allow you to pay off your debt before they put a levy on your property.
It is also possible that the IRS has made a mistake and thinks you owe money in error. This can happen in cases of identity theft and other situations. If you think the IRS has made a mistake in calculating how much tax you owe, call us or fill out the short form to the right so we can help you set the record straight.
Learn more about Tax Liens