Tax liens are legal claims made by the government over your property to recover unpaid tax debt. It can cover all your assets, including real estate, financial investments and belongings. The tax lien may be placed by the IRS for non-payment of federal taxes and by local and state governments for unpaid sales or property taxes. From a legal point of view, there are many avenues for relief if you have just received a tax lien notice.
Do you need legal representation related to tax liens? Our taxation law attorneys are ready to help! Contact a taxation lawyer in your area today for more information.
If you believe you have a valid case, then you should get legal representation and appeal for a hearing. When you get the lien notice, you have the right to a CDP hearing for which you will have to file with the IRS Office of Appeals. At the hearing, you can explain why the tax was wrongly imposed. If the verdict goes against you, you have the option of taking the matter to tax court.
The hearing cannot be used if you have unpaid tax debt because you do not have the money to pay the tax plus interest and penalty. But in this case, there are other relief options, such as an offer in compromise, installment plan or penalty abatement. You may also successfully get tax liens released through a bankruptcy filing.
Do you have additional legal questions regarding tax liens? Our taxlawyers can help! Contact a local taxation law attorney today for more information.