Tag: IRS tax lien

Received a Federal Tax Lien? Here is the Way Ahead

IRS Tax Lien with nick Nemeth

A federal tax lien is one of the last things you would want to receive as a taxpayer. Under a tax lien, the IRS claims the rights to the defaulter’s assets, such as real estate, bank accounts, and vehicles. The lien may even limit the taxpayer’s ability to get credit in the future. Taxpayers, who file for bankruptcy, may still have to continue paying the lien. If you too have received an IRS tax lien, here are a few things that you need to know to find your way out. The Options at Hand When you are past the due

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4 Ways to Get Through IRS Tax Lien With Ease

IRS Tax Lien with nick Nemeth

When you are past the due date for tax payment, things can get much worse than you can ever imagine. In long overdue cases of nonpayment, the IRS holds the right to claim the defaulter’s assets, both tangible and intangible. An IRS tax lien can not only give you stressful days and sleepless nights, but also has a negative impact on your credit reports, as it causes your credit score to plummet drastically. Thankfully, there are a few ways to move out of this quagmire. Let’s talk about four such avenues. 1. Get an Overview of How Much You Actually

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Received a Federal Tax Lien? Here is the Way Ahead

Federal Tax Lien

A federal tax lien is one of the last things you would want to receive as a taxpayer. Under a tax lien, the IRS claims the rights to the defaulter’s assets, such as real estate, bank accounts, and vehicles. The lien may even limit the taxpayer’s ability to get credit in the future. Taxpayers, who file for bankruptcy, may still have to continue paying the lien. If you too have received an IRS tax lien, here are a few things that you need to know to find your way out. The Options at Hand 1. Pay Your Debt in Full

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