Notice of Federal Tax Lien
When the IRS puts a lien on your assets, it is the equivalent of a public statement that you owe money to the United States government. The IRS may institute liens on your property once they have done the following: determined that you own unpaid taxes, notified you, and failed to receive payment from you. After these three events have taken place, you’ll receive a notice in the mail informing you that the IRS has put a lien on your property.
IRS liens cover a wide variety of property, that includes your home, car, money in the bank, and other property you own or have right to such as your retirement or 401K. Because IRS liens cover so many things, they can be especially frightening. If you don’t protect your assets, the IRS may take them from you or place a Federal Tax Lien against them. If you’ve never dealt with a lien before, the first thing you’ll need is a clear and concise explanation of your options. This is just what we offer you at Detaxify.
The IRS will use tax liens to get you to pay your tax debt, and they will file a Notice of Federal Tax Lien with the County Clerk in your area. This lien is a public notice that you owe taxes to the IRS, and additionally, the Notice reads, “There is a lien in favor of the United States on all property and rights to property belonging to this taxpayer for the amount of these taxes, and additional penalties, interest and costs that may accrue”. The filing of the Notice can give you a major financial headache, and can cause problems such as making it difficult to obtain credit. Imagine the shock of opening the mail and finding a notice of Federal IRS Tax Lien, or attempting to sell your home and finding out just before you close escrow, that you have a tax lien that needs resolved.
If you don’t take care of a Federal Tax Lien by paying the IRS what you owe in back taxes or settle your liability through an “Offer in Compromise”, you will have no success in getting a release of this lien. If you need assistance subordinating the tax lien for the sale of your property, we can also assist with this service.
IRS tax liens generally last until you have paid the IRS the money you owe them. Tax liens can only last for a certain period of time, called a statute of limitations. IRS tax liens can also affect your ability to give your property away, even if you want to give your house to a family member, because the lien is recorded with the county you may be unable to transfer title in the house to someone else. While tax liens are not an aggressive tax collection method, they are upsetting and annoying.
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I was in dire straits with the IRS. My business owed over $35k in taxes and more in penalties. One could say my business existence was “toxic.” I was looking for help one night, I saw this ad to “Detaxify” my situation. I thought the phrase was super catchy and did some preliminary background research on John and his company. I reached out that night, and he personally called me back… THAT NIGHT. We had a plan of action in a matter of days! Picking up the phone to call John was the best business decision I’ve made in years. He not only helped me resolve my issues (saving me and my company THOUSANDS), he’s got me (and my company) compliant and on the path to making my company healthy and stable. No matter the issue, Detaxify has the solution!
Chad M.
I want to absolutely leave a glowing review for John at Detaxify and and recommend them to anyone I hear of that needs some Detaxifying. They pulled back the veil from a terrifying monster and showed me the tools to fight him with. In the end, after following [their] advice, the IRS actually owes me money. Thank you again, the time you spent with me. It may be “par for the course” to you, but it meant more than you know. Taking time, throwing someone a lifeline, and walking them through a complicated process is no small thing in the World we live in. For what it’s worth, you did well today John. Another human’s life was made better because you and your company took the time. Thank you Detaxify, and especially thank you to John.