Understanding Tax Lien
  • July 4, 2022
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There’s nothing more frustrating than the IRS putting a tax lien on your home. This is one of the worst IRS tax problems that a taxpayer can face. No matter your financial situation, the IRS may end up putting a lien on your property if you have tax debt. The best way to avoid a lien is to get up-to-date with your taxes or apply for a suitable IRS debt relief program. Dallas IRS attorneys can provide you with the best help when seeking IRS tax problems resolution pertaining to a tax lien. In this blog, we are going to share a concise guide to handling a tax lien on your home.

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What happens when the IRS puts a lien on your home?

Before imposing a lien on your home, the IRS will notify you about your tax debt through a Notice and Demand for Payment. In the event that you ignore the notice and don’t pay the debt within a set period of time, the IRS will impose a lien on your property. If you fail to respond after receiving a notice, the agency will file a “Notice of Federal Tax Lien”. This alerts creditors that the federal government has the legal right to your property. When this happens, you cannot utilize your home as a financial asset. You will face difficulties refinancing or selling your home until the lien is discharged. A lien can also restrict your approval for credit from lenders. It’s worth noting that even filing for bankruptcy will not get rid of a lien. This makes a tax lien one of the most frustrating IRS tax problems that definitely call for the help of a tax debt lawyer.

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Getting rid of a lien

If you want the IRS to remove a lien from your home, you need to take immediate action. Hiring a tax debt lawyer is the best route as you can leverage their experience in helping taxpayers resolve IRS tax problems. The simplest way to get rid of the lien would be to pay your due amount as soon as possible. The IRS generally releases liens within 30 days of full payment of outstanding taxes. If you are unable to pay the full amount, there are other options to get the lien lifted, such as applying for an OIC (Offer in Compromise) or IRS payment plan.

Final word

Whether or not the IRS will accept your request for lien discharge ultimately depends on your financial condition and how well you handle the case. This is where the expertise and experience of tax problems lawyers plays a crucial role. If you are looking to get IRS problems help from a trusted Dallas tax law firm, look no further than the Law Offices of Nick Nemeth. Our highly experienced team has access to all the IRS locations in Dallas. For a no-obligation consultation on how we can help you find the best IRS problem resolution, call (972) 426-2553 or fill out our contact form.

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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!
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