| The IRS does not mess around when you owe them | | | | But the IRS isn't going to offer you a compromise just |
| money. And they don't sit on their laurels just waiting | | | | out of the blue. You will need to ask for one. And you |
| for you to mail them a check. They take action, | | | | will need to come up with a figure that you think the |
| aggressive action. One of the things that the IRS can | | | | IRS will accept. Keep in mind that this may not be the |
| do to ensure that you pay your tax debt is to place a | | | | same amount that you can afford. You may need to |
| tax lien on your personal property or business. A lien | | | | make some sacrifices or raise some funds to make |
| may prevent you from selling the property until the | | | | this strategy work. |
| debt is paid in full. A lien is also very detrimental to your | | | | You may also choose to sell the property in order to |
| credit, and it is public record so your reputation may be | | | | pay the debt. If you decide to do this, you can ask that |
| tarnished as well. | | | | the IRS lift the lien temporarily so that you can sell the |
| If you have an IRS lien on your property, you do want | | | | property. This will free up the property so that you can |
| to delete the tax lien now. But how? Of course, the | | | | sell it, but you will have to hand over the money you |
| best way to do this is to pay your IRS tax debt in full. | | | | owe from the funds you earn from the sale. |
| But this is easier said than done. I'm sure you would | | | | As with all things, there is a time limit that the IRS can |
| pay off the debt if you had the money. So, what can | | | | hound you for money. A lien can only be place upon a |
| you do if you don't have the money? | | | | property for 10 years. So, if you have waiting power, |
| The first thing you may want to consider is an Offer in | | | | you may be able to wait out a lien. Of course, the tax |
| Compromise. This is an agreement between yourself | | | | lien will continue to do damage to your credit standing |
| and the IRS. You agree to pay a good portion of the | | | | as long as it remains in effect. Therefore, the best |
| tax debt in full and the IRS agrees to forgive the rest | | | | strategy is to delete a tax lien as soon as possible. |
| of the debt and remove the lien from your property. | | | | |