Friday, March 27, 2009

I Have A Federal Tax Lien

You have just come home from a hard day of work and you see that the mailman has left a yellow slip of paper in your mailbox. You look at it and notice the IRS is trying to notify you about something. You go to your local post office and pick up a certified letter from the IRS and open it. As you read thru the letter you discover to your horror that the IRS has filed a federal tax lien against you! What do you do?

If you’re like most people you feel a shock wave of fear and confusion shoot thru your body and your anxiety level goes way up and all for good reason because this is a very serious matter. A federal tax lien will have a serious affect on your credit as well as your ability to obtain any type of loan or other financing. It may hinder your ability to get hired. You need this corrected and you need it corrected now! What should you do?

Perhaps the best course of action would be to contact a professional tax resolution firm and interview them as to what can be done to resolve a federal tax lien. If you have received a federal tax lien then the chances are very good that there’s more going on with your IRS file than meets the eye. In most cases what is needed is a thorough review of your IRS file to find out what’s going on and why. The possibilities are many and it does require the services of a tax professional.

In the vast majority of instances a federal tax lien can be removed only when the tax liability is paid in full. The most important thing however is to obtain professional help due to the fact that if the IRS has filed a federal tax lien against you then the possibility exists that you are subject to further IRS collection proceedings which could include the IRS levying your bank accounts and/or your wages. If you have a federal tax lien take action immediately.

1 comment:

Wilson said...

Nice post,

The local government that is responsible will hold an auction called as Tax Sale for the Delinquent Tax properties. Normally the general bid will be the total sum of the taxes that is owned, any administrative charges and also the interest on the amount that is owed. The bidder who will bid for more at the tax lien auction will be awarded with the deed of the property.