Over the past few years, the IRS has become more and more aggressive with lien filings against taxpayers with IRS problems and back taxes owed. Before you get saddled with a federal tax lien, contact the Dallas offices of the Scammahorn Law Firm for a consultation on how to address back taxes before they get out of control.
What is a federal tax lien?
A lien is an aggressive tactic used by the IRS to collect on a past-due tax debt. A lien provides the government with a legal claim to your property, whether it’s a car, home, or other high-value item such as a boat or investment account. The IRS may also file a lien against your business, which means that it has a legal ownership stake in all property owned by the business, including income the business collects. Liens can even attach to property that you acquire after the lien is filed against you.
How can a tax lien affect me?
Whenever there is a lien against your property—whether filed by the IRS or another creditor who has obtained a judgment against you—you’ll be prevented from selling or otherwise transferring the property covered by the lien until the lien is released. IRS liens are rarely released without the back-due taxes being paid off in full, but the Tyler tax lien lawyers at the Scammahorn Law Firm may have other strategies that could result in relief from tax liens even sooner.
The IRS may also choose to file a Notice of Federal Tax Lien (NFTL) after you receive a statement of past-due taxes that you do not pay. The NFTL could show up on your credit report, hindering your ability to obtain a loan, lease, or new credit card by reducing your credit score. If you meet certain criteria, a seasoned Texas tax attorney may be able to help you have the NFTL withdrawn. For example, if you can prove to the IRS that withdrawing the NFTL would allow you to pay your past-due taxes sooner, you may be able to get it withdrawn. You may also be eligible to have it withdrawn if you can show that the IRS failed to follow established procedures in filing the lien, or if you are participating in a direct debit installment agreement to pay back certain types of taxes. Speak with the Dallas tax lien attorneys at the Scammahorn Law Firm as soon as possible if the IRS has filed a NFTL that is harming your credit.
Act on your past-due taxes before it’s too late by seeking qualified legal help
It may be possible to remove the tax lien through an offer in compromise, lien discharge, or installment agreement. However, once the lien is filed, it is very difficult to get the IRS to agree to remove it. Therefore, it is very important that you do not ignore IRS notices and get a competent tax lawyer working for you. The Internal Revenue Service is becoming more and more aggressive against individuals and small business owners. Do not let the IRS levy your bank accounts or seize your property. Contact a tax resolution attorney today to handle your back tax issues in Dallas,Texas. Contact the Scammahorn Law Firm today to put an end to the relentless collection activities of the Internal Revenue Service and resolve your IRS problems for good. We serve individuals and businesses throughout the State of Texas, including Tyler, Nacogdoches, Marshall, Longview, Palestine, Dallas, Fort Worth, Abilene, Odessa, Midland, San Antonio and Plano. The IRS has lawyers working for them. You should have a Dallas & Tyler tax lawyer working for you. Contact the Scammahorn Law Firm today.