Oct 3, 2018 | Tax Levies and Liens
Having a lien put on your assets by the IRS can be a scary thing. In this article, we’ll explain what a lien is and how you can get rid of it. Lien Vs Levy – The Crucial Difference Unlike a levy, which is when the IRS actually freezes your bank accounts...
Jul 30, 2018 | Back Taxes, Tax Levies and Liens
A tax lien is the government’s legal claim to seize all personal property and assets of a taxpayer who has failed to pay a tax debt. Tax liens are also public information so having one filed against you can have some pretty negative implications. However, no...
Jun 29, 2018 | Tax Levies and Liens
It’s been said of the federal government, “The only thing that saves us from the bureaucracy is inefficiency.” In general, this may be true. But when it comes to the age-old tradition of collecting taxes from America’s working class, the...
Jun 6, 2018 | Tax Consultation, Tax Levies and Liens
If you have received IRS Notice CP504 from the Internal Revenue Service, it means that you have an outstanding tax balance. The IRS sent the notice to inform you of its intent to seize, confiscate, or levy any state tax refunds that you may receive. Additionally, the...
Apr 3, 2018 | Tax Consultation, Tax Levies and Liens
According to the IRS, a tax lien is the government’s way of ensuring primary claim to your property when you do not pay your tax debt. When a tax lien is in place, it automatically becomes public record and credit bureaus prey on this kind of information,...
Feb 6, 2018 | Tax Consultation, Tax Levies and Liens
If you owe the IRS money, they may decide to place a levy on your property. For anyone who is not an accountant by trade, this can be pretty confusing. Many people do not understand what a levy is and do not know how to deal with them. The first step to taking care of...
