Get Your Tax Liens Removed Today

A tax lien is imposed by law upon a property to secure the payment of taxes

. Tax Liens may be imposed for delinquent taxes owned on real property or personal property or as a result of failure to pay income taxes or other taxes. Many people in the United States have fallen prey to the IRS tax lien over the past several years. An IRS tax lien is a special lien wherein the IRS files a Notice of Federal Tax Lien against taxpayers who have not been fully paying their taxes. By placing a lien on the assets of the taxpayers, the IRS hopes to coerce them into paying. Additionally, the IRS can also place liens on vehicles, alimony, computers, furniture, securities and company receivables. A statutory lien filed by the IRS is public information and can be seen by credit reporting agencies.

Tax liens are especially important because they are first position liens. This means that if you sell property that has a tax lien against it, then the tax lien will be paid prior to all other liens. It is thus necessary that you make complete attempts to remove tax liens from your property. In order to do this, you must first be fully acquainted with the intricacies of the tax lien concept. You must understand how the lien was placed on the property and the procedure to remove it.

The impact of tax liens can be considerable. As soon as it is filed by the IRS, all your creditors are notified. This greatly affects your credit report and credit score. It becomes very difficult for you to get any kind of credit extended. However, the IRS has specified four reasons due to which you can remove tax lien from your property. Firstly, you are allowed to remove the lien if you will be able to borrow money for infusing fresh capital into the business. This is advantageous to the government because infusion of capital often translates into profits which can then be used to pay taxes. Secondly, tax liens can be removed if the IRS is ready to settle your debt for a lesser amount and if you are equipped to pay such amount. The third and the fourth reasons occur rarely. The third reason for lien removal can be that the officer who imposed it did so without the approval of his superior. The fourth reason is simply that the government wants the tax liens on you be removed.

Once you get approval to remove the IRS tax lien, you must first identify the agency that placed the lien on the property. After this, you may either call the agency directly or enlist the assistance of a tax relief specialist. It is recommended that you choose someone with considerable experience in negotiating taxes. The best place to find the best agencies to help you is the internet. It is quite essential that you research thoroughly about the agency to ensure its authenticity.

by: Andrew Allard.

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