IRS Tax Lien Help | Remove (Federal Tax) or State Tax Lien – Principal Tax Partners

Definition of ‘Tax Lien’

A government entity’s legal claim against a noncompliant taxpayer’s assets. Tax liens are a final resort to force a business or individual to pay back taxes. To get a lien removed, the taxpayer should pay what she or he owes, have the debt dismissed in bankruptcy court or even get to an offer in compromise with the tax authorities. Federal and state governments might place tax liens for state income or unpaid federal taxes, while local governments might place tax liens for unpaid property or local income taxes. (source: investopedia)

Definition of 'Tax Lien': IRS tax liens | Federal tax lien

Liens are different than levies

There are people who use the words “levy” and “lien” interchangeably.

A tax lien’s a document that’s filed by the IRS into protecting the government’s ability to collect money.

A levy’s the forced tax collection, for instance by directly confiscating money out of a paycheck or bank account.

A tax lien can be one of the worst items to appear on your credit report.  It’s considered very negative and can cause your credit scores to drop significantly. Even worse, under federal law, unpaid tax liens could indefinitely stay on credit reports, though in practice credit bureaus might remove them after 10 years or so. (Once paid & released, a tax lien should be removed 7 years from the filed date.)

IRS tax liens | Federal tax lien

There’s a method to make tax liens vanish from your credit reports entirely, and fast, though. Unfortunately, not every taxpayer who’s dealing with this problem knows about it.

The IRS could take ownership of business or personal property when they fail to collect a tax liability. The process starts with a payment demand with 10 days to respond. If you don’t pay or reach an agreement, a tax lien gives the IRS legal rights to your property. Defense Tax Partners provides tax lien help to restore your property rights.

Preventing a Lien

Federal tax liens can be stopped from being filed in the first place by paying the tax entirely and before any lien is filed by the IRS. Liens also can be prevented by having an installment agreement all set up that meets the requirements of the IRS to avoid having to file a lien. The IRS would not file a federal tax lien if a taxpayer is setting up either a streamlined installment agreement or a guaranteed installment agreement. These sorts of installment agreements need that the balance that’s outstanding be $10,000 or lower in the case of guaranteed installment agreements or $25,000 or less in the case of streamlined installment agreements.

IRS tax liens | Federal tax lien

An IRS tax lien can result in the IRS taking control of your property, titles to vehicles and seizure of your property for auction, if the problem is not resolved swiftly. The tax lien can be released if the tax liability is paid, or a settlement is reached with the IRS to satisfy the debt. To protect your assets, it is essential to remove tax liens as quickly as possible.

We understand how hard you have worked to acquire your property and assets. Anything of value can be taken to satisfy the tax liability. We also understand the potentially devastating effects of a federal tax lien. This can damage your credit and make it difficult, if not impossible, to get a loan or credit. We will act immediately to remove the tax lien and block the seizure of your assets.

The IRS is represented by an army of attorneys. You should be represented by a qualified IRS Tax Relief Attorney when facing a federal tax lien. In many cases, we are able to remove a tax lien within 48 hours. Tax lien help is minutes away. Contact us by telephone or fill out the online contact form today, so an attorney can begin working on your case.

Get Tax Liens, Property Tax Lien & Bank Levies Help at Defense Tax.

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