Tax Lien Assistance

If you have failed to pay your taxes, then you are in debt to the government. There are several collection tactics that the IRS can use in order to recover this debt and one of the harshest methods is to file a legal claim through a tax lien. By filing a tax lien, the government’s interests are protected ahead of other creditors. The lien attaches to all of a person’s assets, which can include:

• Bank accounts

• Retirement accounts

• Real property, including rental property and/or your home

• Vehicles such as cars or boats

What Is a Tax Lien?

A tax lien is a direct claim on your property or assets and is usually filed with the county or parish clerk where the property is located or where the taxpayer lives. This document gives notice to all potential buyers that there is a federal tax lien on the property. In other words, if the IRS files a tax lien, it means that the IRS has already taken steps to protect itself against other creditors.

How Long do Tax Liens Last?

Tax liens last 10 years from the date of assessment unless they are renewed.

How to Get Rid of a Tax Lien?

Pay Your Tax Debt in Full

Paying your tax debt in full is the fastest and easiest way to resolve a tax lien. Once your tax debt is paid off, the IRS will release your lien within 30-60 days and eliminate your tax debt.

Appeal Your Tax Lien

If the existence of the tax lien will make it impossible for a taxpayer to pay his taxes, then the IRS may consider removing the lien. There are some types of businesses where the filing of a tax lien will kill the business, thereby killing the goose that lays the golden eggs.

Apply for a Lien Discharge

A discharge removes the lien from a specific piece of property. The IRS will only do this if it is to their advantage to provide the discharge, like they are getting all of the equity out of the asset, or if they are protected by there being a tremendous amount of equity in other assets.

Apply for a Lien Subordination

With a lien subordination, the tax lien will still remain on the property. However, it allows other creditors to move ahead in the line above the IRS, putting their interests ahead of the federal government. This method is often used when a taxpayer needs to secure a loan or mortgage and requires a specific application process.

Apply for a Lien Withdrawal

If the IRS filed the lien incorrectly, or the lien will prevent the taxpayer from being able to pay the taxes, then the IRS may be willing to consider a lien withdrawal. There are several requirements in order to be eligible for a withdrawal, so it is best to consult with an experienced tax lawyer.

How an Experienced Tax Lawyer Can Help with Tax Liens and Levies

Taxes can be confusing, but they don’t have to be. The best way to navigate your taxes is to hire a tax lawyer who has experience in dealing with IRS issues and can help you understand how it all works.

At JD Tax Law, we are a full-service tax law firm with a proven track record of success. We represent individual and business taxpayers in all aspects of tax resolution, including tax liens. Our team has over 15 years of experience dealing with the IRS, and we have successfully resolved countless tax issues and provided relief for hundreds of clients.

To get a tax resolution plan that is tailored to your specific tax situation, please contact us for a free, no-obligation consultation.
Schedule a time that works best for you, or just give us a call now!