Lift IRS Tax Levy, Tax Lien – Affordable Former IRS Agents – Levy, Lien Experts 1-866-700-1040
Do not be bullied by the Internal Revenue Service.
Call us today in hear the various tax options you have available to lift your IRS tax levy or the filing of the federal tax lien.
Everyone circumstance is unique.
There is no one particular way that is used on all cases. After a 5 minute review of your case we can tell you exactly how to remedy your individual problem on your individual case. We have over 60 years of direct work experience at the Internal Revenue Service and know every available option that you have. We also taught tax law at the Internal Revenue Service.
What is a Federal Tax Lien
A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt.
The lien protects the government’s interest in all your property, including real estate, personal property and financial assets. It help them and ruins you.
A federal tax lien exists after the IRS:
1. The IRS assesses your liability and a tax assessment is created,
2. The IRS sends you a tax bill that explains how much you owe this is called a Notice and Demand for Payment and,
3. You neglect or refuse to fully pay the debt in time.
The IRS will file a public document called the Notice of Federal Tax Lien to alert creditors that the government has a legal right to your property.
How to Get Rid of a Lien
Your options are as follows:
1. Paying your tax debt.
In full is the best way to get rid of a federal tax lien.
The IRS releases your lien within 30 days after you have paid your tax debt. If you pay by cashier’s check you can go to the local out office you can ask for immediate release of the federal tax lien.
When conditions are in the best interest of both the government and the taxpayer, other options for reducing the impact of a lien exist.
2. Discharge of property.
Allows property to be sold free of the lien. The seller or buyer can submit Publication 783, Instructions on How to Apply for Certificate of Discharge From Federal Tax Lien.
3. Subordination.
Does not remove the lien, but allows other creditors to move ahead of the IRS, which may make it easier to get a loan or mortgage. For more information review Publication 784, Instructions on How to Apply for a Certificate of Subordination of Federal Tax Lien.
Withdrawal.
Removes the public notice and assures that the IRS is not competing with other creditors for your property. If applying for a withdrawal, use Form 12277, Application for the Withdrawal of Filed Form 668(Y), Notice of Federal Tax Lien.
How a Lien Affects You
a. Assets. A lien attaches to all of your assets (such as property, securities, vehicles) and to future assets acquired during the duration of the lien.
b. Credit. Once the IRS files a Notice of Federal Tax Lien, it may limit your ability to get credit.
c. Business. The lien attaches to all business property and to all rights to business property, including accounts receivable.
d. Bankruptcy. If you file for bankruptcy, your tax debt, lien, and Notice of Federal Tax Lien may continue after the bankruptcy.
Avoid a Federal Tax Lien
You can avoid a federal tax lien by simply filing and paying all your taxes in full and on time. If you can’t file or pay on time, don’t ignore the letters or correspondence you get from the IRS.
If you can’t pay the full amount you owe, payment options are available to help you settle your tax debt over time.
IRS Tax Lien vs. IRS Tax Levy
A lien is not a levy.
A lien secures the government’s interest in your property when you don’t pay your tax debt.
A levy actually takes the property to pay the tax debt. If you don’t pay or make arrangements to settle your tax debt, the IRS can levy, seize and sell any type of real or personal property that you own or have an interest in.
How to lift an IRS tax Levy
There is a very specific way to lift an IRS tax Levy. If you are reading this the IRS is probably levied your bank account and/or your hard-earned wages.
To get your IRS levy lifted you will need to provide IRS with a detailed and documented financial statement. You can find that financial statement on our website. It is a IRS tax form 433-F.
IRS will also want to see your last 3 to 6 months bank statements, a copy of your pay stub all of the current expenses that you have.
The IRS will then make a determination after a careful review of your financial statement which category to put you in.
There are three (3) normal categories at the IRS puts taxpayers and after they sent out an IRS tax Levy.
IRS will either place you into an economic tax hardship, or into a installment payment, or let you know you are a possible offer in compromise candidate.
That financial statement that you are filling in giving to IRS the key to how your case will be closed off the IRS enforcement computer.
Contact us today and we will review your case for no cost and review your tax option so you can get IRS off your back permanently. We can guarantee a lifting of all tax levies.
We are comprised of tax attorneys, CPAs and former IRS agents. We have a combined total of 206 years professional tax experience and we are A+ rated by the BBB.
Lift IRS Tax Levy, Tax Lien – Affordable Former IRS Agents – Levy, Lien Experts 1-866-700-1040
