IRS Tax Liens

Problem With A Tax Lien

When a person owes back taxes, the IRS will often place a tax lien on the person. This tax lien can cause many issues with a person's credit and they will not be able to qualify for loans and may even have trouble getting a job. Tax lien problems are not easy to fix, but hiring an attorney can be the first step to correcting these issues.

When a person owes the IRS back taxes, the IRS will generally place a tax lien onto the taxpayer's assets. This is only done once certain requirements have been met. Not everyone is qualified for a tax lien to be put in place. But, once the tax lien is in place, the IRS will begin to levy the assets in an attempt to regain some of the amount that is owed.

Problems will arise for the taxpayer due to the tax lien being in place. They will begin to have problems dealing with anything that requires credit. It may even affect the ability of a person to sell their house even if that would mean that the profits would be used to pay back the debt. Because these problems are so severe for the taxpayer, avoiding a tax lien problem is the best course of action.

When Avoiding A Tax Lien Is Not An Option

When avoiding a tax lien is not possible, employing the help of a tax attorney can help alleviate the effects of the tax lien or even get it completely lifted in certain cases. In some cases, an attorney may be able to convince the IRS to release the lien with a particular lender allowing the taxpayer to take out a loan to pay back the IRS.

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