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STRATEGIC TAX LAWYERS:  TAX BLOG

Tax Lien Information from Los Angeles Tax Attorneys

Wednesday, May 13, 2015
We are the Strategic Tax Lawyers, Los Angeles Tax Attorneys who specialize in tax liens.  In general, a tax lien is serious governmental action that will legally stake a claim on taxpayer’s income, asset or property if they fail to pay their taxes or if they owe money to the IRS.  The IRS will issue a tax lien to collect payment on any back taxes.  This also becomes a major problem for your credit and your tax record, but it makes sure that nothing will be overlooked. Federal tax liens are very significant and there are measures taxpayers can take to deflect a tax lien.

If the IRS has a payment plan with a taxpayer, they can still file a Notice of Federal Tax Lien in order to make sure that the IRS will collect the money.  Often, a tax lien will hinder an individual from obtaining any form of credit until it is paid off.  However, there are a few ways to remove a tax lien before it is fully paid.  The Strategic Tax Lawyers have helped clients eliminate a tax lien as well as appeal the filing of a tax lien.  This process will remove the lien from the taxpayer’s credit record. By law, a lien is required to be filed, which then can ruin the individual’s credit.  A taxpayer can be affected up to ten years making it extremely difficult to purchase cars, property, or other large items.

We advise that taxpayers try to resolve their tax liability so that a lien will become unnecessary.  If there are delinquent taxes with no attempt made for a payment plan, the IRS may issue an intent to levy.  The intent to levy is a final notice that demonstrates that the IRS previously tried to collect payment on any back taxes and was unsuccessful.  The IRS will then file a tax lien which is the next step to collect payment.

You can work with a tax attorney to before the notice becomes a lien.  This way the individual could avoid the nuisance and negative financial effects associated with the lien.  The individual may be able to reduce the amount owed by up to 50% by qualifying for penalty abatement.  If a taxpayer doesn’t take action, then the IRS will seize the assets.

Has the IRS filed a tax lien against you?  The Strategic Tax Lawyers, LLP are IRS Bank Levy attorneys  and Intent to Levy attorneys who specialize in the tax code with years of experience in tax-related and IRS issues. For over fifteen years, the firm’s IRS tax attorneys have assisted clients with levies.  So, if you have received a notification from the IRS or if you are at risk of having a tax lien placed against you, contact the Strategic Tax Lawyers today.  Call the Strategic Tax Lawyers at (800) 669-4775 for a free case consultation.