When you don’t pay your debt to the IRS, a tax lien is filed against your property. A lien protects the government’s interest in your assets, including real estate and personal property.

Typically, a federal tax lien occurs shortly after the IRS assesses your tax and demands payment. Your creditors will receive a Notice of Federal Tax Lien informing them that the IRS is claiming property, including property you may purchase in the future.

When a lien arises, the IRS generally won’t release it until the taxes, penalties, and fees are fully paid. There are, however, actions you can take. Contacting us immediately may enable us to file an appeal with the IRS and have your lien reconsidered.

A member of our tax team will thoroughly examine your situation to determine whether a penalty reduction or payment is applicable to you. We can determine if the Statute of Limitations has expired or if your finances allow you to file as Currently Not Collectible. In case these options fail, we will attempt to arrange a payment plan and lift the lien.

an IRS notice of tax lien in New York

How does a Lien affect You?

    • Assets — Liens attach to your assets (such as property, securities, vehicles) and future assets acquired during the term of the lien.
    • Credit — If you receive a Notice of Federal Tax Lien, your credit eligibility may be restricted.
    • Business — All business property and its rights, including accounts receivable, are subject to the lien.
    • Bankruptcy — After you file for bankruptcy, your tax debt, lien, and Notice of Federal Tax Lien may still exist.

Call (866) 459-8026 or click below to schedule your FREE consultation to gather information and design a plan of action for you.

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