When Does The IRS File A Tax Lien?
Tax season can be a stressful time for individuals and businesses alike. With taxes due and the possibility of an IRS audit looming, it’s essential to understand when the IRS will file a tax lien. A tax lien is a legal claim the IRS places against a taxpayer’s property as security for back tax debt. […]
What Is A Certificate Of Release Of Federal Tax Lien?
When a taxpayer cannot pay the taxes owed to the federal government, the government can file a federal tax lien on the taxpayer’s property to secure the money owed. A Certificate of Release of Federal Tax Lien is a document issued by the Internal Revenue Service (IRS) and certifies that the unpaid taxes have been […]
How To Find Out If You Have A Tax Lien
Tax liens are the government or a creditor’s legal claims against your property. If you have a tax lien, you are legally obligated to pay the debt, or you may risk losing your property. It is important to be aware of any tax liens against you so that you can take action to discharge or […]
Tax Lien: How Does It Work?
Tax liens are a vital aspect of the financial system, allowing the government to collect unpaid taxes. Understanding how a lien works is essential to comply with the relevant regulations. This blog will explain how does a tax lien work, how they are implemented, and the implications for those affected. What Is a Tax Lien? […]
How To Perform A Tax Lien Search
Tax liens are a crucial tool for the government to collect unpaid taxes from individuals and businesses. As a result, it is increasingly vital for individuals and companies to understand the process of searching for tax liens. This guide will walk you through searching for a tax lien search. That way, you can ensure you […]
Is There A Statute Of Limitations On IRS Federal Tax Lien?
Tax liens imposed by the Internal Revenue Service (IRS) have a profound effect on taxpayers, both financially and emotionally. A federal tax lien is a legal claim against taxpayers’ property when they fail to pay taxes owed to the IRS. The IRS has the right to use various methods, such as seizing property or garnishing […]
A Guide To Removing A Federal Tax Lien
No one likes to be in debt, especially when you owe that debt to the federal government. A federal tax lien can be incredibly stressful, as the government places this on any property or assets you own. This means the government legally claims your property if you do not pay your tax debt. However, there […]
Tax Deed Vs. Tax Lien: What’s The Difference?
Tax deeds and tax liens are two of the most common taxes collected by local, state, and federal government entities. In this blog, you’ll learn the critical differences between a tax deed vs. tax lien and the advantages and disadvantages of each. What Is a Tax Deed? A tax deed is a document issued by […]
Difference between state tax and federal tax
In the US, taxes are levied by federal, state and sometimes local governments. The only similarity between federal and state income taxes is that they apply a rate to taxable income. However, they differ significantly on the type of income that is taxed, the deductions and tax credits that are allowed, the rates of taxation […]