Requesting a Tax Lien Release Can Ease the Pressure

Unfortunate taxpayers who have received a notice of a federal tax lien are no doubt in a tight situation. With today’s economy making it harder than ever to pay off debt, no one wants to owe back taxes to the government. A qualified tax attorney who knows the tax laws and can work with, not against, the IRS or State, can obtain a tax lien release. A tax lien certificate means the IRS has legal claim to all of your property, and your right to ownership has been removed. Your creditors will be notified of the lien, your credit rating could suffer and you might having trouble getting a loan. Now for the good news. Fortunately, the notice is only temporary. Read and learn how to find financial relief through a tax lien release.

IRS Tax Lien

Time Is of the Essence

The Notice of Federal Tax Lien stays in place until you pro actively take action to release it. Specifically, it will be released within 30 days if:

  • The debt is paid in full.
  • The amount owed is adjusted appropriately.
  • An accepted bond guaranteeing payment is provided.

A tax lien can actually be withdrawn if:

  • It is determined that the filing was not done according to procedure
  • The taxpayer chooses to participate in a payment plan (this is more easily negotiated with the help of a qualified tax professional acting on your behalf), or
  • It would be in the best interest of both parties to withdraw the lien.

Taxpayers have the right to appeal the filing and ask for a tax lien release.

The Appeals Process

The IRS must notify the taxpayer within five days after the tax lien is filed. Some of the circumstances on which an appeal can be based are:

  • The tax debt owed was paid prior to the lien being filed
  • The tax was assessed and the lien filed while the taxpayer was in bankruptcy
  • a procedural error was made during the assessment
  • The statue of limitations on the debt had expired before the lien was filed, or
  • The taxpayer was not given a chance to dispute the liability.

It is imperative to act quickly when seeking a tax lien release to avoid escalating penalties and fines or loss of assets. You need the help of a tax attorney now. A tax specialist has the current knowledge and experience to deal with the IRS for you. Do not get caught in a rising trend. In 2007, the IRS filed 683,659 federal tax liens; four times more than in FY 1999.

The IRS Can Confiscate Your Assets!

Strict guidelines must be followed to obtain a tax lien release. Lack of knowledge can put a taxpayer at risk. In serious or ongoing cases, the IRS may actually seize the property outright. When the IRS believes monetary value can be obtained from your assets, your property may be taken and sold at auction as payment for your debt. It is crucial to have a tax specialist guide you through this process to ensure accuracy and protect you from IRS intimidation.

Instant Tax Solutions Can Help

For help requesting a tax lien release, you need a tax expert. Unlike our competitors, Instant Tax Solutions (ITS) is interested in just one thing - you. With our expertise behind you, you have what is necessary to obtain a tax lien release. Our committed tax team will secure the quickest tax debt relief solution.

The IRS is interested in your tax liability repayment only and will use aggressive measures forcing you to pay your tax debt, whether you can financially afford it or not. You cannot chance leaving your financial future up to IRS dictation - you need ITS.