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 government is well oiled, fine-tuned, and not to be reckoned with.
When the IRS doesn’t get its due, it has the full weight of the law behind it. If all else fails, the IRS will file a lien against your property. According to the IRS,
“A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt.”
In practice, it’s the government’s first-right claim to your house, car, or business.
Not to be confused with a levy–which is when the government seizes your bank accounts or garnishes your wages–a lien gives Uncle Sam the ability to collect the full debt amount before you can sell your property.
Before a tax lien is filed–usually with the county where you live or do business–the IRS will assess the liability and send you a bill demanding payment. If you don’t pay it, the government basically owns your house (or other property) until you do. Not only does the lien filing serve as a notification to lenders if you try to sell or refinance a home, but it can stay on your credit report for up to 10 years!
Obviously the best option for dealing with a tax lien is to not get into that predicament, to begin with. At Civic Tax Relief, we understand that life doesn’t always work that way. So, if you’ve already received notice that a lien has been filed, the sooner you act the better.
At Civic Tax Relief, we can help!
We’ll fight on your behalf to not only lower your overall tax balance, but to negotiate a repayment plan that releases the lien without breaking the bank.
Call now for free information on how Civic Tax Relief can help free you from the IRS!