Not worried about an IRS tax lien? Well, you should be! When the IRS files a Notice of Federal Tax Lien, it gives them a right to seize your property through a levy. IRS liens can apply to bank accounts and other financial assets as well as tangible property. Once you neglect (or refuse) to pay your tax debts in a timely fashion, you’ll likely find yourself facing a tax lien.
When you receive notice of a tax lien, don’t just ignore it. Now is the time to take action to get your tax problems resolved before they become any worse. While you certainly don’t need to panic, you do need to take a lien very seriously. There are solutions when it comes to tax liens, but all of them require action on your part. Unfortunately, this problem isn’t just going to go away on its own.
It’s important to remember that a tax lien isn’t a levy, but it could turn into one. You need to take immediate action to resolve your tax debts to ensure your assets aren’t seized. There are a number of different ways to get rid of your IRS lien, including paying your back taxes in full. The Price Advantage Accounting team is here to help Orlando-area taxpayers with all types of tax settlements. We can also assist with lien withdrawals, discharges of property, and other approaches to removing an IRS lien.
For additional information, contact us now. Our tax help pros are standing by to serve you!