Strapped for Cash and facing the IRS? Get Tax Lien Help
The power the Internal Revenue Service and state taxing agencies wield over the tax collections process can be frightening. These agencies collect back taxes by levying taxpayers' property after tax liens are created. It is crucial contact a tax attorney for tax lien help. The IRS must meet certain legal requirements; however when a person owes back taxes, the government can lay claim to all the taxpayer's assets with a debilitating tax lien. The lien is attached to all rights, title and interest. After the lien is established, it is enforced by a levy on the taxpayer's assets.
They are recorded with one or several county recorders and are public knowledge you owe back taxes. The government is extremely unwilling to release or even modify liens. However, if the taxpayer can get the IRS to subordinate the lien, he can at least borrow money against his assets to satisfy all or part of the debt, thus getting some tax lien help.
Occasionally the IRS will agree to subordinate its lien to another lender. You need the expertise of a tax attorney to negotiate with the IRS for a successful result. The effect of this would be to give the new lender's lien first priority on the property.
If the owner completely surrenders the property, he could apply for a discharge of the tax lien, provided the IRS receives any proceeds at closing. These options provide encouraging tax lien help.
Procrastinating is Costly
Ignoring the liability will result in increased penalties and fines which may double or triple your original debt.
ITS tax professionals are experts in negotiating with the IRS. Our experts can quickly determine if you qualify for other options available with the IRS.
IRS Tax Attorney
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