IRS Liens

 

A federal tax lien is the governrment's legal claim against your property when you neglect or fail to pay a tax debt.  The lien protects the government's interes in all your property, including real estate, personal property and financial assets.  A federal tax lien exists after the IRS:                                                   1.- Puts your balance due on the books (assesses your liability.

2.- Sends you a bill that explains how much you owe (Notice and Demand for Payment) and

You

Neglect or refuse to fully pay the debt in time. Then

The IRS files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.                               Federal Tax Liens can really make your life miserable! When your taxes are not paid.

How a Lien Affects You

  • Assets- A lien attaches to all of your assets (such as property, securities, vehicles) and to future assets acquired during the duration of the lien.
  • Credit- Once the IRS files a Notice of Federal Tax Lien, it may limit your ability to get credit.
  • Business- The lien attaches to all business property and to all rights to business property, including accounts receivables.

Bankruptcy- If you file for bankruptcy, your tax debt, lien, and Notice of Federal Tax Lien may continue after the bankruptcy.                     

Avoid a Lien 

If you can't file or pay on time, don't ignore the letters or correspondence you get from the IRS.  Bring it to us and we will help you stop the liens.   

 

 

 

Get in Touch With Us.

Call us at 407-922-8899 with any questions or to schedule an appointment.

 

RR Accounting & Tax Services

2824 Michigan Ave., Suite A

Kissimmee, FL 34744

 

Or you may use our contact form.

 

Office Hours

You can reach us during the following business hours:

 

Monday to Friday 9 am to 6 pm Saturday by appointment only

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