We Help Get Your Federal IRS Tax Lien Removed

By the time the IRS places a federal tax lien on your property, you are far along in the IRS collections process and probably in serious need of IRS tax help. The IRS files a notice of federal tax lien after they have sent you a demand for payment of back taxes and their records indicate that you have failed to respond or pay in a timely manner. The notice of federal tax lien is a public notice to all your creditors stating that the IRS has claim to all your property, including any property you might acquire after the notice is filed. No matter how you slice it, an IRS lien will cripple you financially and cause creditors to turn their back to you until you get the federal tax lien removed. An IRS lien is a serious tax problem that needs your immediate attention and may be accompanied by an IRS tax levy.

Tax Lien Defined

A tax lien is a lien placed on your property that is superior to any other lien holders. As first lien holder, the IRS effectively says to your other creditors and potential creditors that the IRS now owns first rights to all your property and its stated value. With a federal tax lien on your house, you cannot sell, refinance, or purchase a new house or property until you manage to remove the IRS lien.

A federal tax lien affects more than just your house. A tax lien attaches to every piece of property in your name and to all your rights to property, including accounts receivable if you own a business. A federal tax lien is the IRS’ way of freezing your finances in an effort to secure payment for the tax you owe. As anyone who has been in this situation knows, a tax lien is incredibly effective at getting your attention and forcing you to confront your tax problems.

TaxMasters Offers Relief from Federal Tax Liens

The good news is that TaxMasters has several solutions for handling tax liens. If you need to sell property to pay a tax debt, we can work with the IRS to subordinate the lien. This process enables you to go ahead and liquidate the property with the understanding that you will use the procedes to pay the tax debt. As well, TaxMasters can help you get an IRS lien removed after you have paid your tax debt in full or completed your settlement payments. There are several specific steps TaxMasters follows to remove a federal tax lien. The basic process involves regaining IRS compliance in order to show the IRS you are serious about handling your tax problem, then negotiating a repayment agreement. Our sales consultants are knowledgeable and will gladly walk you through the process required to remove an IRS lien.

TaxMasters can request a temporary lift of an IRS tax lien to allow you to refinance or sell your property. TaxMasters shepherds clients through a process that allows them to obtain a certificate of subordination. If the IRS agrees to subordinate their federal tax lien, it is far easier to cash out and settle your outstanding tax debt. Just recently, and in light of the credit crisis and real estate bust plaguing much of the US, the IRS promised to make tax lien subordination even more available than it has been in the past for taxpayers facing financial hardships. If you are facing an IRS lien, contact us so that we can talk seriously about getting you the lien subordination tax relief promised by the IRS.

The proceeds realized from a property sold after a lien of subordination has been granted will go to the IRS to satisfy the tax lien. If the proceeds are greater than the lien, you get to keep the balance. You can use lien subordination to leverage your equity in a property to pay off your accumulated tax debt, or even to pay off an offer in compromise or other tax settlement. Lien subordination also allows you to take advantage of lower interest rates than the IRS typically offers.

Tax Lien Reversal

TaxMasters may be able to reverse a federal tax lien if the IRS improperly filed the lien or if they didn’t follow the specific procedural order required by law. Another valid argument for reversing a federal tax lien is if the IRS based the lien on an incorrect tax assessment. Call us today so we can help you determine if the tax lien on your property is reversible. Understand that time may be limited for you to be able to reverse an improperly applied tax lien, so contacting us sooner rather than later is a good idea.