Legacy Tax & Resolution Services, LLC
Premier Tax Preparation and Resolution Services 480-907-6644|
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Lien ReleaseCall us today for a FREE phone consultation to discuss how to remove your IRS lien- 480-907-6644 Contact us immediately to keep the Federal Notice of Tax Lien off your public records! If you are in business there may be other solutions than paying of your federal tax lien. See our corporate restructure page. A lien can be defined as a charge or encumbrance that a person has on the property of another as security for a debt or obligation. A federal or state tax lien may arise when a taxpayer is liable to pay any federal or state tax after a demand has been made for payment. Before a Federal Lien can be filed the IRS must first: Make an assessment Appeal Rights The IRS is required is to send you a notice of your appeal rights for collection due process procedure 5 days after they have filed a Notice of Federal Tax Lien. An audit done by the Treasure Inspector General for Tax Administration has found that the IRS does not always follow the law. If it can be determined that IRS procedure was not followed we may be able to get the IRS to issue new notices. Lien Release It is very important to move quickly if you have received a Notice of Federal Tax Lien. There is a possibility to have the lien withdrawn if the result will put the IRS in a better position to settle your tax liability.
In general The IRS still has a right to Federal Tax Lien while there is an outstanding balance on your account even when you enter in to an offer in compromise, or installment agreement. Lien Subordination Lien subordination is when the IRS voluntarily takes a position below other creditors in their rights or claims to the subject property. The only time the IRS will allow subordination is when it is determined to be in their best interest.
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