IRS Tax Lien Assistance with The Law Offices of Nick Nemeth
  • May 31, 2019
  • admin
  • 0

A federal tax lien is the IRS’s legal claim against the taxpayer’s property when they neglect or fail to pay their tax liability. The IRS uses liens to get people to pay the tax owed. It’s one of the many tools in their arsenal, and for many, it can be one of the worst penalties the IRS can inflict. If the IRS places a lien on your property, it can show up on your credit report and hampers your credit score. The worst part is you may not even be aware of the lien until you apply for a credit card, car loan, home loan, or to refinance. Continuing on the subject, in this blog post, we answer five commonly asked questions about tax lien assistance. Read on.

1. How do you find out when an IRS tax lien is placed?

Before the IRS places a tax lien, they assess the taxpayers with an unpaid liability and demand payment. If the taxpayer does not make any payment within 10 days of the demand, the IRS sends out a notice of federal tax lien. The IRS also sends a Notice of Federal Tax Lien in the mail after the tax lien has been filed or may sometimes try to contact by phone.

2. What assets are subject to a tax lien?

A tax lien covers all the property of a taxpayer along with any future assets they may acquire. The rule keeps it quite broad and open to interpretation and can pretty much cover anything, both tangible and intangible assets.

3. Can a tax lien be removed?

A tax lien can be removed but the IRS expects you to get back into compliance with your taxes. You can also release a tax lien by settling through an offer in compromise, paying in full, allowing the statute of limitations to expire on the tax debt, or offering a bond to IRS that guarantees payment of the tax debt. If you paid your tax debts, make sure to ask for your tax lien withdrawal instead of paid or released on your credit by contacting the IRS.

4. How can I avoid a tax lien?

You can avoid tax lien by staying in full compliance with the tax law. If you are unable to pay the taxes, contact IRS and make an agreement with them to pay your taxes through one of the various settlement mechanisms instead of avoiding IRS notices.

5. How is a ‘tax lien’ different from ‘tax levy’?

A tax lien is the government’s “invisible” claim on the taxpayer’s property but a tax levy is the actual seizure of their assets. With a tax levy, the IRS can take money from garnish wages, bank accounts, and even seize the physical property owned by the taxpayer.

The Bottom Line

IRS tax liens can make your life difficult only if you ignore it and do not take immediate remedial actions. A tax Lien may even make it impossible for you to sell your property as the buyer will be reluctant to buy, since the lien may become their liability. If a lien has been placed on your property or you have been served a notice for Federal tax lien, speak with the IRS tax lawyers at The Law Offices of Nick Nemeth. For a confidential, no obligation consultation, simply call (972) 426-2553.

Please follow and like us:

What Our Clients Have to Say

Susan WilsonSusan Wilson
03:27 25 Jan 23
I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.
Sarah HowardSarah Howard
03:44 14 Nov 22
I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.
00:33 07 Aug 22
I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.
Spoilly GirlSpoilly Girl
23:49 03 Aug 22
The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.
Eddie WaltEddie Walt
19:44 12 Jul 22
During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!
Quick Inquiry


    Enter the text you see above