| If you are dealing with a tax lien against your property | | | | 3) If an installment plan has been agreed upon. |
| a tax relief attorney will work with the government to | | | | 4) If payment would be met by the withdraw. |
| remedy the lien. Notice of Federal Tax Lien is a claim | | | | Your tax relief attorney will be familiar with the rules, |
| taken against property to secure that a debt will be | | | | criteria, and procedures followed by the IRS in |
| paid. Usually to protect the governments interest a | | | | declaring tax penalties. The IRS can access penalties |
| notice to the public is filed. The lien is placed on the | | | | against you for not paying your taxes, for not filing a |
| property when a taxpayer is made aware of the debt | | | | return, as well as return related and information related |
| and does not pay it within 10 days. | | | | violations. Actually, they total over 140 different types |
| The lien is filed and the taxpayer's creditors, along with | | | | of penalties which they can use against you. |
| the general public, are made aware that it exists. After | | | | However, the reason they have the authority to |
| the tax lien has been filed the IRS must let the | | | | assess this large number of penalties is to encourage |
| taxpayer know within 5 days of the filing that he or | | | | the voluntary payment of taxes, to accurately prepare |
| she has the right to a hearing. If at the court hearing | | | | their tax returns, and to file them in a timely manner. |
| the taxpayer disagrees with the lien, the have the | | | | On the other hand, the taxpayers also have the right |
| privilege to contest the lien and if successful, appeal to | | | | to defend themselves against the IRS penalties |
| the U.S. Tax Court or federal district court. | | | | assessed against them by being heard and possibly |
| The tax lien is discharged when the debt is paid or | | | | being eligible for being released from the penalties. |
| time has expired on the IRS's behalf and they can no | | | | Through reasonable cause the taxpayer will have their |
| longer enforce the lien. Once a compromise has been | | | | case reassessed. All of the facts leading to the |
| accepted from the taxpayer by the IRS the lien no | | | | assessment will be reconsidered by the IRS If certain |
| longer exists. The taxpayer's credit report can be | | | | factors can be shown such as serious illness, death, |
| affected following the release no matter what the | | | | unavailable absence, the wrong advice form a tax |
| circumstances of the discharge were. | | | | advisor or from the service, service error, or disastrous |
| If the following circumstances apply then the IRS could | | | | circumstances and if in the end the taxpayer did use |
| withdraw the public notice of lien: | | | | care and discretion to complete their obligations to the |
| 1) If the notice was filed against the rules of | | | | IRS. |
| administrative procedures or was filed prematurely. | | | | No matter what amount you owe the IRS tax |
| 2) If the withdraw would benefit both the taxpayer and | | | | attorney can get the best possible solution to your |
| the government. | | | | problem. |