Tax Liens

Facing a federal tax lien is one of the most serious consequences of unpaid taxes. Many taxpayers are unaware of how profoundly a lien can affect both immediate and long-term financial well-being. When the IRS imposes a federal tax lien, it is not simply an administrative action—it is a legal claim against all of your current and future property, from your home and car to your investment accounts and future assets.

When a taxpayer owes the IRS, they may the question, Is there a tax attorney near me? The tax laws create a tax lien that needs to be satisfied before it is extinguished. When balances owed reach certain limits, and after the IRS demands that you pay the tax debt, and the tax debt remains unpaid, the Internal Revenue Service will file a public notice that the tax lien exists.

An IRS tax lien is a kind of security interest granted over a property to secure payment of the debt. We can assist with obtaining a Release a Federal Tax Lien. A tax lien on a property is imposed to secure payment of tax debt. A tax lien may be imposed against delinquent taxes against property or on account of failure to pay taxes.

You may receive this notice for various reasons, including filing a tax return without full payment, IRS adjustments leading to additional tax liability, or unpaid taxes due to an audit. CP14A is a balance due notice sent to those with existing installment agreements, requiring no additional action unless the balance is incorrect.

The IRS Form 12277, Application for Withdrawal of Filed Form 668(Y), is used to request the withdrawal of a federal tax lien filed by the IRS due to unpaid tax liabilities. The form applies when you need to remove the public lien notice and qualify for withdrawal. To be eligible, certain criteria must be met, such as premature filing of the lien, entering an installment agreement, or ensuring the withdrawal leads to tax payment.

Yes, you can sell a home even if it has an IRS tax lien against it. However, there will be extra paperwork involved, and the IRS will have a right to the proceeds of the sale, up to the amount of your tax debt. There are a few different ways to navigate the sale, depending on the situation.

An alter ego levy is when the IRS seizes assets owned by your alter ego to cover your tax debt. If you've received notice of an alter ego lien or levy, you need to take action – this is not routine tax debt collection, and generally, the IRS only pursues this route when they believe you are hiding assets or they have the right to pierce the corporate veil due to co-mingling.

IRS Tax Lien Subordination is a strategic solution for taxpayers facing federal tax liens who need to pursue financial opportunities like refinancing, selling assets, or accessing home equity. While a tax lien signals that the IRS has a legal claim to your property due to unpaid taxes, subordination does not eliminate the lien but allows another creditor's claim—such as a mortgage lender's—to take precedence for specific purposes.

When someone owes back taxes to the IRS and tries to transfer assets, the consequences can be severe for both the person who owed the taxes (the transferor) and the person or entity who received the assets (the transferee). The IRS and other taxing authorities possess sweeping powers to trace, reclaim, and penalize improper asset transfers meant to sidestep tax debts.