Tax Liens
What exactly is a lien?
It is a legal claim against your property to pay a debt. A lien does not change the ownership of the property; it identifies that the property has a legal claim against it.
tax lien – lien of which a tax collector may avail himself in default of taxes (analogous to a judgment lien)
lien – the right to take another’s property if an obligation is not discharged
federal tax lien – lien of the United States on all property of a taxpayer who fails to pay the federal government the taxes for which he or she is liable
state tax lien – a lien on the property of a taxpayer that the tax collector can use upon default of payment of taxes
How can you get rid of a lien on your property?
Of course, the IRS thinks the best way to get rid of a federal tax lien is to just pay everything they say you owe. The IRS will release all liens within 30 days after you pay your tax debt in full. If that is not possible for you there are other ways, but we recommend they are handled with a tax professional:
You have options to settle with the IRS, such as an Installment Agreement or an Offer in Compromise. We are experienced CPAs in IRS negotiations; we can help you get on the right track.
Why Do People Hire You To Help With Their Tax Lien?
We have seen thousands of IRS cases and promise we can help with your problem. We are a fully licensed CPA firm with 30 years experience and an A+ BBB rating. We have an internal system to assure we do not miss any important IRS deadlines. We have unique solutions to IRS problems. We will get the job done correctly and give you peace of mind that your IRS issue is being handled by professionals that care.
How long does a tax lien last?
The tax lien will expire by either paying the tax debt or the expiration of the statute of limitation on collection which is 10 years. The ten year statute may not be waived beyond the ten years by agreement except when the taxpayer is applying for an offer in compromise and agrees to extend the collection statute while the offer is being considered. Also if the taxpayer negotiates an installment agreement the collection statute of limitation may extend up to 90 days after the installment period.
IRS Approval Procedure for Tax Liens, Tax Levies, and Property Seizures
The IRS is required that the officer filing the tax lien must obtain the supervisor’s review before filing a notice of lien, notice of tax levy, or property seizure. If the procedure is not followed by both the employee may be subject to IRS disciplinary actions. The approval procedure must ascertain the tax debt, the taxpayer’s ability to pay and the value of the property to be subject to the tax levy and the tax lien.