TAX PROBLEMSTax Liens
If you owe the IRS and haven’t paid, the agency can gain legal right to your property by issuing what is called a tax lien. This is not the same as a levy, in which the IRS can actually seize your property, but is rather a way to secure interest in the property and establish that the federal government has the primary claim to it. This way, the IRS ensures that it gets paid before other creditors and lenders.
Getting Rid of Tax Liens
The best way to get rid of a tax lien is to pay the full balance of your tax debt, causing your lien to be discharged in 30 days. But if you can’t pay the full amount, there are other things you can do, like negotiating an installment agreement with the IRS or discharging the property with the lien, which moves the lien from one property to another.
A third option is subordination, which permits other creditors to move ahead of the IRS priority-wise in terms of security interest. This could allow you to refinance or secure a new loan and pay off your tax debt.
Get Help
Dealing with a tax lien can be an overwhelming experience. Schedule a free consultation with one of our tax associates and get your issue resolved.
Finding the right tax professional begins with asking the right questions.
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TaxQuotes is a specialized team of tax professionals committed to resolving IRS and state tax issues. As innovators in the tax industry with over 50 years of combined experience, we are experts at resolving a wide range of tax problems, including:
- Unpaid tax balances
- Unfiled tax returns
- Penalties and penalty relief issues
- Underreporter notices
- Business and payroll tax issues
- IRS and state tax issues
Our service costs vary based on the complexity of your situation. The first step is risk free — we get your IRS records, evaluate your situation, and provide a customized resolution plan according to your specific situation. The cost for this service varies but is backed by our 100% Satisfaction Guarantee.
Once we have discussed your situation with you, we will propose one fee to resolve your entire situation. You have no obligation to purchase unless you accept our plan, and you can pay your fees over the time it takes us to complete your case. Your tax consultant can estimate how long your case will take and the fee structure for our services.
Resolution time for tax issues varies based on the complexity of the case. Straightforward matters take a few weeks, while intricate issues may take a year or more. To streamline the process, our team will file a power-of-attorney authorization with the IRS, allowing us to work directly on your behalf.
When you owe back taxes, the IRS offers several options other than full payment. These include payment plans, extensions to pay, and hardship programs, such as not-collectible status and a tax settlement option called an Offer in Compromise. We will evaluate each option with you and get you the best option based on your circumstances.
Absolutely. Our tax resolution experts review your notice, assess your situation and work with you on a plan to resolve your situation. Once you engage us for services, we get right to work with you and the IRS. Our tax resolution specialists stick with you from beginning to end.
Each person’s circumstances are different. Our goal is to get you the best outcome available based on your circumstances. If you owe back taxes, we will review your unique situation for any potential relief.
