Understanding Property Liens & How a Tax Resolution Professional Can Help
Dealing with tax debt can be stressful, and one of the most serious consequences of unpaid taxes is a lien on your property. If you or someone you know has received a Notice of Federal Tax Lien (NFTL) from the IRS, it’s important to take action quickly.
Today we’ll break down what a lien is, how it affects you, and how working with a tax resolution professional like Tax Advising and Representation can help protect your assets and financial future.
What Is a Tax Lien?
A tax lien is a legal claim the IRS or state tax authorities place on your property when you fail to pay your tax debt. It serves as a way for the government to secure the money it’s owed and can apply to your home, real estate, bank accounts, and even business assets. The lien attaches to everything you own when it is filed and everything you acquire after it is filed.
Once a lien is filed:
- It becomes public record.
- The IRS has a legal right to your property before other creditors.
- Selling or refinancing your home becomes extremely difficult.
- It can escalate to a tax levy, where the IRS can seize your property.
Ignoring a tax lien can have devastating financial consequences, but the good news is you have options.
How a Tax Resolution Professional Can Help
At Tax Advising and Representation, we specialize in helping individuals and business owners resolve their tax issues before they get worse. If you have a tax lien, here’s how we can help:
Lien Subordination – We work with the IRS to allow other creditors to take priority over the lien, making it easier to refinance or sell your property.
Lien Discharge – We can help you remove a tax lien from a specific property, allowing you to sell, refinance, or transfer ownership without IRS interference.
Offer in Compromise (OIC) – We can negotiate with the IRS to reduce your total tax debt, leading to the removal of the lien. For example if we can demonstrate that the lien is causing you undue economic hardship.
Installment Agreements – Setting up a structured payment plan can sometimes lead to a lien release.
Appeals & Negotiations – If the lien was filed in error, or if you have extenuating circumstances, we can fight on your behalf to challenge the lien.
The key to resolving a tax lien is acting fast. The longer you wait, the harder it becomes to remove the lien or prevent further enforcement actions like a tax levy.
Take Action Today
If you or someone you know has received a tax lien notice, don’t wait until it’s too late. Contact Tax Advising and Representation today for a free consultation. We’ll review your case, explain your options, and create a personalized plan to help you get back on track.