I have a tax lien! What am I supposed to do? I need help NOW!

On: November 2, 2023

Did you just receive a notice in the mail from the IRS that you have a tax lien?

The IRS has the ability to issue a tax lien against you when you have unpaid taxes owed to them and this lien helps to secure the collection of owed taxes from you. Fortunately, you do have options available to you even once a lien has been filed.

IRS Tax Lien 

A tax lien is NOT the same as a levy. This means that the IRS is not going to remove money from your bank account as done in a levy. A tax lien is more of a placeholder for the IRS and the lien will be enforced when you attempt to sell something, receive an IRS tax refund, and similar scenarios. For example, if you sell your vehicle and the IRS has a tax lien on you, any profit you receive from the vehicle would be used to pay the IRS first.

Tax liens can prohibit you from refinancing your home loan, obtaining a new home loan, and even getting a loan or credit card in general.

How long will the IRS tax lien last?

An IRS tax lien will continue until the liability has been paid off in full OR if the lien is no longer enforceable due to a lapse of time such as the lien reaching the statute of limitations, which is generally 10 years.

How do I REMOVE a tax lien?

• Statute of limitations is reached
• Pay the amount due in full
• Bonded for the tax amount through the IRS
• Acceptance of an Offer in Compromise
• Have the lien withdrawn
• Have the lien discharged

Need a Tax Professional? Our Team Can Help! 

If you have received notice of a tax lien, it is best to work with an experienced tax professional to understand exactly what is going on and what steps you need to take. A tax lien is a serious matter and one that you do not want to try to spearhead on your own.

A tax professional is able to sit down and explore your options with you and help you choose the best one for your situation. At Leading Tax Group, our team is able to contact the IRS on your behalf and work out a resolution that will make you happy and keep the IRS content.

Having a tax lien withdrawn or discharged can be difficult! Don’t wait until it is too late and contact an experienced IRS tax professional today.

Leading Tax Group – Best Tax Lien Experts in California 

If you are in California and you are looking for a tax lien expert to assist you, you should call Leading Tax Group right away. Our team consists of a former IRS tax attorney, a retired IRS auditor, and an experienced tax accountant.

Our extensive knowledge in the tax industry has allowed us to help thousands of individuals and businesses with their tax liens, tax debts, and tax returns. We provide you with aggressive representation at every turn and will work hard to get the results you want. Our main goal is to get you a favorable outcome.

Leading Tax Group is ready to walk you through your options when a tax lien has been filed against you by the IRS. Call us today to discuss your options and to schedule a consultation with us.