An IRS (Internal Revenue Service tax) lien is a legal claim for not paying taxes against your property. It has a certificate as a written proof that you have neglected, failed, or are unable to pay back taxes. A property that is protected by an IRS tax lien could be real estate, vehicle, personal belonging, and financial assets. As an example, you bought farmland in a state a couple of years ago, and your annual property taxes are $2,000. After some time, you are unable to pay your property taxes. As a reason, the government files a lien on your property for the unpaid taxes.
The worst part of the story is you cannot sell or transfer the farmland until the taxes are paid when a tax lien is placed on it. The taxing authority can even seize your property if the taxes are outstanding long enough. Such an event can traumatize you till the last breath. If you believe you need to clear up the tax mess in time, you should get advice from an IRS tax lien attorney. The law professional will help you deal with an IRS tax lien in a sustainable way for a long-term purpose.
Advantage of hiring tax lien lawyer against the tax law changes as per William D King – Some of the advantages of hiring a tax lien lawyer are given below:
The IRS is very excited about collecting outstanding tax debt. They will leave no stone unturned to put pressure on individuals who are in huge debt. In this scenario, the state tax lien relief company is the best option to help the person deal with the tax authorities. Read the following to learn the key benefits of hiring a tax lien lawyer.
Reduces the amount you owe
The IRS tax lien attorney from an experienced law firm will evaluate your situation to find out how much you have paid and the reason why you failed to pay. The lawyer will work out penalties and interest so that you don’t have to pay extra fees. You need a professional who is always updated with medications in the laws and how to tackle them.
Retain your property
IRS usually seizes property to use as the last straw to collect amounts owed. A well-trained state tax lien relief attorney will help you keep your property after the alarming situation of property seizure.
Avoid levied property
IRS can levy, seize, and sell your property and bank account if you don’t pay to settle your debt. They may send you notices before clearing out your bank account. As per William D King, you should immediately call a tax lien attorney if you received written notices and warnings from the IRS.
If you are looking for a reliable law firm, hire the experts at a standard fixed fee. These experienced lawyers know every aspect of resolving cases, including governmental entities and other tax attorneys under attack by the IRS.
