IRS Liens
Owing money to the IRS can lead to a tax lien against you, which grants the government a secured interest in your property. Here’s how to handle it:
Steps in Filing a Tax Lien:
Before filing a tax lien, the IRS assesses your debt, sends a bill, and issues a Demand for Payment letter if ignored. A filed tax lien can affect you in various ways, including:
- Appearing on your credit report, affecting your ability to obtain credit.
- Attaching to current and future assets until the debt is paid in full.
- Not exempting you from tax payments even in bankruptcy.
Working with Yarborough:
Don’t ignore a tax lien notice. Instead, seek help from Yarborough, where experienced Tax Resolution Experts can negotiate with the IRS on your behalf. We propose repayment plans or settlements tailored to your situation, offering long-term solutions you can afford.
If you’ve received a Notice of Federal Tax Lien, contact us for a consultation. We’ll assess your case and provide the best solutions to resolve your tax lien issue.