Did you know that after the IRS demands you make a payment and you miss it, your assets could be subject to IRS seizure? The sad reality is that the IRS can place a lien on your assets if you ignore their correspondence and fail to pay them what you owe. Getting up to speed on how IRS seizures work will ensure you’re prepared if a lien is ever placed on your property by the IRS.
IRS liens are in favor of the United States government and may be placed upon all property and rights to property of the person who has unpaid taxes. Even if you have multiple creditors who want to place liens on your property, the US government has priority over any other party. To let creditors know there is a claim on your property, the IRS will file a Notice of Federal Tax Lien. This will ensure any claim made by the IRS is addressed first.
So what should you do if you have received notice that the IRS is placing a lien on your property? The answer is simple: contact Taxation Solutions, Inc. right away. You only have a limited amount of time to appeal this action by the IRS, and you’ll need our dedicated tax resolution experts to help you meet this deadline. We’ll work hard to make sure your property is protected and help you work out an arrangement with the IRS to deal with your unpaid taxes. Get in touch with us today to learn more about our tax help services!