An IRS tax lien informs other creditors that the IRS is claiming a financial interest in your assets because they believe that you have an outstanding tax liability. A tax lien may prevent you from selling your assets without making payment to the IRS.
The IRS sends a Notice of Federal Tax Lien when they have filed a tax lien against you. This notice informs you that there is a lien against you, which can impact your credit and your ability to sell assets that are impacted by the lien. This notice also provides you with important additional rights if you would like to oppose that lien, but if that is the case, you must act within the deadline set forth in the notice. In most circumstances, if you have received a Notice of Federal Tax Lien, you may request a Collection Due Process Hearing. The Collection Due Process Hearing is your opportunity to tell the IRS that they should not have filed the lien because there are other options for them to collect the funds, or in some cases, because you do not owe the tax.
If you would like the lien to be removed, there are several options that may be available to you. We can request removal if you set up a specific payment plan with the IRS. The IRS may also be willing to remove or subordinate its lien if you are trying to sell an asset, and the IRS is not harmed by removal or subordination.
A Tax Lien Attorney from Komor Tax Law, LLC Can Help
If you have received a Notice of Federal Tax Lien, contact us for an analysis of your rights and whether the lien can be removed.