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What Assets are Exempt from the IRS Tax Liens and Levies?

When you have an outstanding federal tax debt, the IRS will may seize your assets to acquire the money owed to them. Even if someone who does not owe money jointly owns an asset, the IRS can still seize it. However, the other owner is entitled to compensation for the loss of the asset. […]

By |September 1st, 2015|Tax Blog, Tax Levy, Tax Lien|0 Comments

What is the Difference Between Removing a Tax Lien and a Discharge of Property?

When you owe money to the IRS and do not pay, you will most likely end up with a tax lien on your property. This is an official notice that the IRS has priority over other creditors to your property, including your house, car, personal property, and other assets. This can make it difficult to […]

By |April 9th, 2015|Tax Blog, Tax Lien|0 Comments

Does Applying for Subordination Remove a Federal Tax Lien?

There are many choices for action when you receive a Notice of Federal Tax Lien. This is a public document that goes on your credit history. It puts the IRS as the priority creditor over any of your other creditors, including the holders of your mortgage or other lines of credit. A tax lien limits […]

By |March 16th, 2015|Tax Blog, Tax Lien|0 Comments

How to Get a Federal Tax Lien Withdrawal

If you have a federal tax lien, it can affect your credit score, making it difficult to get a loan or mortgage in the future. Although paying off your tax debt can remove the tax lien from your account, many people do not have the funds to do this. One option you have for removing […]

By |January 16th, 2015|Tax Blog, Tax Lien|4 Comments

The Best Ways to Remove a Tax Lien

When you have not paid your tax bill, then the IRS will file a Notice of Federal Tax Lien, which alerts all creditors their claim on your property. A tax lien is an official, legal claim by the IRS on your property that places them as the priority collector among any other collectors, including […]

By |January 6th, 2015|Tax Blog, Tax Lien|0 Comments