Home | Tax Blog | Tax Evaluation | Resources | Common Tax Questions | Back Taxes | Contact Us

Tax Liens and You

June 13th

tax lienWhen you avoid paying taxes you are setting yourself up for a clash with big brother.  The IRS has some major abilities to collect on the tax debt of others.  One such way of collecting upon that debt is through tax liens.

Tax liens can be severe and devastating to an individual, and you should be cautioned to not put yourself in such a situation. If you do, you will undoubtedly be in the need of a tax debt attorney to assist you and possibly help you avoid the loss of your property.

What is a Tax Lien?

A tax lien is a lien imposed by the IRS and law upon properties of the debtor in an attempt to collect upon tax debt.  In other words, the IRS can take ownership of your properties as payment for your debt.  When a lien is placed you are left with a few options.  One option is to get into contact with a tax professional (i.e. a tax debt attorney).  In doing so, they may be able to work with the IRS to come to some sort of settlement that allows to you keep at least a portion of your positions under lien.  If you choose to not act upon the lien then you will lose those properties to your debt.  This consequence is one that most everyone wants to avoid if at all possible.

Your first step in avoiding a tax lien against your property is to attempt communication with the IRS.  Contact them about your options for repayment and work with them to set up a plan for repayment.  This will show them that you are making an attempt and they appreciate that fact.


Subscribe Now

Follow on FaceBook
News & Events
Monday, August 01, 2011

We are excited to launch our new site LeeTaxHelp.com.
Monday, September 05, 2011

If you think you might be need the advice of a Dallas Bankruptcy Attorney you can view on sister site at http://leebankruptcy.com
Back Taxes (5) General Tax Information (65) News (39) Payroll Taxes (5) Tax audit (10) Tax Debts (3) Tax deductions (16) Tax Fraud (4) Tax Laws (14) Tax Liens (10) Tax payment plans (14) Tax programs (21) Tax Scams (6) Uncategorized (2)
Recent Posts
Advantages of Using a Tax Debt Lawyer
Tax Debt Relief In 2014
Tax Debt Installment Agreements
Understanding the Five Tax Debt Strategies
Back Taxes: What You Can Do
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011