Federal Tax Liens can really make your life miserable! When your taxes
are not paid the IRS establishes a lien against all of your assets
(especially real estate). This gives the IRS the legal right to collect
taxes from the sale of your assets, which includes just about everything
The lien can be against you, your spouse, or your company. A lien
against your company would seize your accounts receivables. At this
point everything you own is just one short step away from becoming the
property of the United States Government.
Liens filed against you by the IRS also show up on your credit report
and often prevent you from opening a checking account or borrowing
against any assets, like your home. The banks don't want the extra work
when the IRS comes in to take your money.
With a Federal Tax lien on your record you can't get a reasonable loan
to purchase a car. Think about paying 18-22% interest on a car that is
already too expensive. You definitely cannot buy or sell any Real
Estate. The list is endless.
Get a Free Consultation on how to resolve your tax lien problems
by completing the form below.