IRS Tax Liens

A tax lien gives the IRS a legal claim to property as security or payment for your tax debt. A notice of federal tax lien is filed after:

• The IRS assess the liability;
• The IRS sends you a Final Notice - Balance Due - a bill that tells you how much you owe in taxes; and
• Your balance due goes unpaid, or arrangments to make payment are not signed

By filing a lien the IRS is publicly notifing your creditors that the IRS has a claim against all your property. This may include homes, vehicles, investments, accounts-receivable, and of course cash.

Internal Revenue Code Sec. 6321:  LIEN FOR TAXES

If any person liable to pay any tax neglects or refuses to pay the same after demand, the amount (including any interest, additional amount, addition to tax, or assessable penalty, together with any costs that may accrue in addition thereto) shall be a lien in favor of the United States upon all property and rights to property, whether real or personal, belong to such person.

Internal Revenue Code section 6322:  PERIOD OF LIEN

Unless another date is specifically fixed by tax code, the lien imposed by section 6321 shall arise at the time the assessment is made and shall continue until the liability for the amount so assessed (or a judgment against the taxpayer arising out of such liability) is satisfied or becomes unenforceable by reason of lapse of time.

We strive to save our clients money, time and stress.  Just as there are many different tax related problems, there are many options for tax resolution.  Call us at 888-902-0778 for a free consultation. In a few minutes we will help you to better assess what options are best for your unique situation.