When the IRS puts a lien on your assets, it is the equivalent of a public statement that you owe money to the United States government. The IRS may institute liens on your property once they have done the following: determined that you own unpaid taxes, notified you, and failed to receive payment from you. After these three events have taken place, you'll receive a notice in the mail informing you that the IRS has put a lien on your property. Click Here For IRS Liens!
IRS liens cover a wide variety of property, assets, and personal items, including your car, the money in your wallet, and the clothes on your back. Because IRS liens cover so many things, they can be especially frightening. If you've never dealt with a lien before, the first thing you'll need is a clear and concise explanation of your options. This is just what we offer you at Tax Tiger.
How to Deal with IRS Liens
If you have an IRS lien, it doesn't mean the IRS will be selling your house or walking away with your favorite suit. However, if you try to sell your house or car, you may find it hard to do so. A title check of your house will tell the prospective buyer that you may not able to sell to them legally. A DMV search will reveal similar information to prospective car buyers.
An IRS lien can affect more than just major purchases, too. If you apply for credit, you may find that lenders will not give it to you. Lenders willing to give you credit or a loan will likely charge high interest rates. For all these reasons, removing IRS liens should be a priority. If you cannot afford to pay your tax debt at once, there are still options. The experienced tax professionals on the Tax Tiger team can negotiate with the IRS for you and work out a program of installment payments. You are much more likely to get an installment plan you can afford when professionals negotiate for you. Give the Tax Tiger team a call today and let us help you take care of that lien!
