Tax Liens and IRS Seizure
By Taxation Solutions, Inc. on 2016-08-15
When you're behind on your taxes, the IRS can place a lien on your property. These tax liens give the government rights to your property and assets such as real estate, bank accounts, and vehicles. While it doesn't represent imminent seizure of your assets, a tax lien essentially puts you, and any other creditors, on notice that the IRS has a claim on your property.
But, if you don't take steps to address your tax liens and pay your tax debts, you could end up facing a tax levy. Tax levies provide the IRS with the right to seize and sell your property. That's why the most important thing to do when you receive notice of a lien or levy is to act quickly; bringing in professional tax help right away can help you deal with the situation before it results in IRS seizure.
The Taxation Solutions, Inc. team has been providing expert tax resolution assistance for more than 40 years. We're equipped to help you release liens and levies, negotiate tax settlements, and all-around resolve the issues surrounding delinquent taxes. Rather than facing the stress and very real financial threats of tax levies and liens alone, you can bring in our professionals for effective solutions and compassionate back tax guidance.