IRS Tax Liens
The IRS files for a federal tax lien when you owe back taxes. After determining how much you owe, the IRS will send a bill explaining the balance due. This is called a Notice and Demand for Payment. You will be asked to make a full payment within a specified amount of time. If the payment is not made, a federal tax lien can be filed. When a lien is filed, the IRS is making legal claim of your property. The federal tax lien extends to everything you own, including your house, car, furniture, TV, financial accounts, and any other personal property. It can also be humiliating as there is a public record of the lien which can impact much of your future financial life.
At Fine And Clear Tax Solutions, we have various resolution strategies that range from filing appeals, negotiating Installment Agreements, securing an Offer in Compromise, requesting ample time to pay the tax debt in full, and even a withdrawal of the lien itself.
This is a different procedure than an IRS levy. Learn more about .
If you owe money to the IRS, we can help you reduce penalties and get relief. Please contact the team at Fine and Clear Tax Solutions or call 516-247-9950.