Tips to handle tax liens
  • February 10, 2020
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As a small business owner, there are a lot of responsibilities you need to handle on the daily. Among your many duties, filing and paying your taxes every year is one of the most important ones. Failing to meet your taxing obligations with the IRS will eventually lead to penalties and sanctions one of which is the dreaded tax lien. If, despite your best efforts, you’ve made a mistake and received bad news from the IRS, don’t despair. By getting informed and soliciting professional tax lien assistance, you can navigate your way out of tax problems such as a tax lien.

What Is A Tax Lien And Why Did You Receive One?

To attain an IRS lien withdrawal, you first have to understand what a tax lien is and where it comes from. In most cases, small businesses receive tax liens from the IRS when they have failed to fulfill their duties as a taxpayer.

Related Blog: Debunking 5 Myths Related to IRS Tax Audits

If you have been forgetful or neglected to pay your taxes and fees, at some point you’ll catch the IRS’s attention and may receive a lien, although it is a last resort for the government agency. Through an IRS tax lien, the agency lays claim to your business’s assets as a guarantee of payment. As the business owner, your personal assets are also on the line. No matter what the reason is for your lack of payment, whether negligence, lack of funds, slow profits, or a change in payment intervals, a tax lien is a serious situation. If you’ve received a tax lien, seek assistance from a tax lien attorney as soon as possible.

Are You At Risk Of Receiving A Tax Lien?

As a small business owner, you should be well aware of the warning signs that a tax lien might be coming your way. In fact, there are a lot of ways to find out whether you are at risk of a lien before an actual tax lien notice arrives in the mail. The first and most important risk factor that exposes you to tax liens is the failure to fulfill your taxpayer duties. Missing the deadline on your payments will inevitably lead to unwanted attention from the IRS.

Before you receive a tax lien, the IRS will send you a notice demanding payment. At this stage, penalties and interest will be added to your debt due to late payment. Paying your tax debt in full at this time can resolve the problem and prevent you from needing tax lien assistance. If you’re unable to pay off your entire debt, you can work out a payment plan with the IRS. In the absence of a payment or installment plan, the IRS will respond with a tax lien.

Related Blog: Procedural Map to an IRS Tax Investigation

How To Get Rid Of A Tax Lien?

Failing to resolve your tax lien is a huge risk for a business owner. The best way to protect your business assets and minimize damage is by taking prompt action. The fastest way to resolve the issue is to pay the entirety of your tax debt to the IRS immediately. However, if this is not an option for you, you need to seek tax lien assistance from a tax attorney. They can help you figure out the best course of action to get the issue resolved.

IRS Tax Lien Help

Are you a business owner looking to prevent or get rid of a tax lien? Our tax lien attorneys at the Law Offices of Nick Nemeth will help you resolve the situation to reclaim your financial health and peace of mind. Let us help save you time and stress that comes with navigating blind by offering top-shelf tax lien assistance. Call us for a free consultation at (972) 426-2553 today!

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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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