| Receiving a notice from the IRS stating that they are | | | | debts to the IRS are settled. |
| placing a lien on you for back taxes can be an | | | | How to Have a Lien Released |
| incredibly scary and frustrating event. Before you call | | | | There are only a handful of ways to have an IRS lien |
| your IRS tax attorney for help remedying your | | | | released. They will release the lean: |
| situation, take a step back and educate yourself about | | | | - After you pay the debt with cash, |
| IRS tax liens and how they actually impact your life. | | | | - 30 days after you provide a bond promising they will |
| What is an IRS Tax Lien? | | | | receive payment, |
| You've probably heard two similar terms in reference | | | | - 30 days after you have the tax amount adjusted |
| to tax problems - liens and levies. When the IRS files a | | | | and then pay it, |
| levy against you they actually come and take your | | | | - After you give the IRS rights to a mortgage worth |
| personal property as payment for your debt. A lien, on | | | | 2x the cost of your debt, or |
| the other hand, is an action that turns your property | | | | - 10 years after they file your tax assessment if they |
| into security against the tax debt that you owe. If you | | | | do not file the lien a second time. |
| do not respond by paying your debt the IRS will later | | | | What to do if you Receive an IRS Tax Lien |
| come back and levy your property. | | | | You must act very quickly if you receive notice of an |
| The Effects of IRS Tax Liens | | | | IRS tax lien. In most cases you only have 10 days to |
| Having an IRS tax lien placed against you can cause | | | | respond or pay the bill after being notified that the debt |
| quite a bit of significant difficulty in your life. The tax lien | | | | has been assessed. |
| is a matter of public record and will let anyone who | | | | The first thing you should do is call a qualified IRS tax |
| accesses those records know that you owe the IRS | | | | attorney or white collar criminal defense lawyer. He or |
| money. The tax lien will also show up on your credit | | | | she will review your IRS case history, help you to |
| report, making it difficult for you to obtain any additional | | | | determine whether or not the IRS has made an error, |
| loans or any other type of credit. You may not even | | | | help you make payment arrangements (if applicable), |
| be able to sign a lease for a home or apartment. | | | | and communicate with the IRS on your behalf. Don't |
| Once the IRS files a lien you will not be able to sell | | | | ignore your lien notice. Otherwise, a situation that could |
| your property or transfer it into anyone else's name. | | | | have easily been remedied might turn into your worst |
| The lien will not be removed from your title until your | | | | nightmare. |