Important Details on IRS Tax Liens

By dhinternational  /  April 25, 2013 / Comments Off on Important Details on IRS Tax Liens

Important Details on IRS Tax LiensThe Internal Revenue Service, or commonly known as IRS, is going to serve you a Notice of Federal Tax Lien if you owe them back taxes. In case you haven’t experienced this yet, it would be a very disastrous situation to be in. You would not be able to purchase a new property, car on credit, and borrow against your assets. A tax lien would definitely destroy your credit. And if you do not pay your tax bill on the said deadline, the IRS would file a notice of your debt in record at public offices of the counties you operate. However, you are given an opportunity to pay the IRS or negotiate a settlement. After all, the most appropriate decision is to avoid IRS tax liens.

There are ways for a tax lien to be released though. Here they are:

-Pay in full your tax debt
-An offer in compromise in which the IRS agrees to
-Ending of statute of limitations
-Filing for Bankruptcy

In thirty days, a certificate of lien release should be sent to you, and the lien filed against you must have a certificate. If there are none, then request from the IRS office where it was filed. Remember that you have the right to a hearing and can contest the lien. You may also appeal to the Federal district court or United States tax court if you are unsuccessful in avoiding the lien.

Be Sociable, Share!

Enter Below Now For FREE Instant Access To Your Kick Butt Tax Lien System

We respect your privacy. Your information is never shared or sold, we hate spam too.

This Tax Lien Training System Will Teach You
  • Exactly How To Start Buying Tax Liens Today
  • Tips For Tax Lien Auction Success
  • How To Avoid The Mistakes New Tax Lien Investors Make

Limited Time Only