A Federal Tax Lien is a common IRS response to unpaid taxes. It is a legal claim against your property by the IRS. A federal lien protects the government’s interest and alerts creditors that the IRS has a legal right to your property. Property at risk includes real estate, vehicles, and financial assets.
How You May be Affected by an IRS Lien
Sometimes people who receive notice of federal tax liens, plan to pay the IRS by selling assets. A tax lien complicates this plan as it can prevent or delay you from selling any property or assets. Here are ways a tax lien may affect you.
- A federal tax lien may attach to a variety of assets including real estate, vehicles, retirement funds, investments or any other personal property.
- An IRS lien may limit your ability to obtain credit.
- A federal tax lien may survive a bankruptcy and might continue to attach to certain assets even after a bankruptcy has been discharged.
How We Help
Our tax lawyers can help guide you through the IRS maze of possible solutions to an IRS lien. Here are some of the ways we can help:
IRS Lien Withdrawal
Our attorneys can assist you in getting a lien withdrawal, which removes the public Notice of Federal Tax Lien and assures all other creditors that the IRS does not have a competing interest for your property.
A lien subordination does not remove a federal tax lien, but it allows other creditors to move ahead in priority of the IRS, which may make it easier to get a loan, refinance, or obtain a mortgage.
Discharge of Property
A federal tax lien discharge removes the lien from specific property. Nick Nemeth and his team are highly experienced IRS tax attorneys that can assist with obtaining a federal tax lien discharge under certain provisions.
Need Help with IRS Lien Removal in Dallas, Fort Worth TX? Contact Us, Today
Our law firm can help even if you cannot pay back what you owe the IRS in full. In fact, you have more options than you know. Let the lawyers at Law Offices of Nick Nemeth, PLLC find the right solution for your tax lien.