Tax Lien / Tax Levy
If you owe delinquent taxes, a lien may be placed on your personal or business property to secure payment for the tax owed. However, the IRS has the right to levy, or garnish property that they deem necessary for payment of taxes.
What you need to know
The IRS will inform you of the taxes owed prior to placing a lien on your property. If the taxes are not paid, then the IRS places a lien on real or personal property through various government agencies. The property lien may include your bank account or real estate. Consequences of a lien include:
• Inability to sell property until all of the taxes are paid
• Harm to business reputation
• Devastation of personal credit
When a tax lien is filed, you have the opportunity to appeal and keep the information out of public record. Seeking the help of a qualified professional can help you resolve the tax debt issue before the IRS freezes your assets.
A tax levy is more urgent and requires fast action on your part. By acting quickly, our firm can negotiate a postponement to avoid financial harm.
How we can help
Our highest priority is to shield you from further, direct IRS contact. This alone can give you peace of mind regarding a tax issue. The overwhelming burden of financial pressure can be lifted when we work together for your best solution. The steps we take are:
1) Listen and learn about your situation. Initially, we will schedule a complimentary interview to determine the extent of challenges with the IRS.
2) Sign a power of attorney. Allowing a professional to be the authority to represent you before the IRS takes stress off of you and your daily life.
3) Stop the annoying phone calls or notices. Our firm notifies the IRS that we are representing you, which requires the IRS to communicate with and contact us directly. Our focus is to stop any harassment and direct all correspondence through our office.
4) Make a plan. After meeting with you to diagnose the problem, we’ll recommend the best course of action based on our experience and knowledge of the options available. ?