You have the right of appeal when the IRS notifies you that it intends to file a Notice of Federal Tax Lien

When owing money to the IRS, a federal tax lien is placed on all of your current assets, including real estate and personal property, as well as any future assets acquired while the lien is in effect, securing the government's interest in your debt.

The IRS may file Form 668 (Y), a Notice of Federal Tax Lien (NFTL), to alert creditors of its legal claim to your property. This can limit credit access, impact your credit score, and prevent property sales or refinancing. Even bankruptcy may not remove the lien or tax debt.

The IRS must remove a tax lien within 30 days of full payment or if the debt becomes legally unenforceable.

Subordination doesn't remove the tax lien but allows other creditors to take priority over the IRS in claims against your property. While removing a lien or subordinating it can help with selling property or obtaining loans, tax liens can still have a significant impact on your credit score. Even if the lien is released, it can remain on your credit report for several years. It’s crucial to understand the long-term effects on your credit before making decisions about your property.

Release, discharge, and subordination of a tax lien are critical tools for taxpayers looking to resolve their IRS issues and regain control of their property. While release removes the lien entirely, a discharge allows you to sell specific property, and subordination allows other creditors to take priority over the IRS. Each process requires careful consideration and a clear understanding of your financial situation.

If you're dealing with a tax lien, our tax firm is here to help you navigate your options and find the best solution for your situation. Let our experienced professionals guide you through the process.

Facing a Tax Lien? Contact Us for Trusted Help

Dealing with a federal tax lien can feel overwhelming, but you don’t have to face it alone. Our experienced team can help you understand your rights, explore options like lien release, discharge, or subordination, and work with the IRS on your behalf. By using the Monitoring Program, we keep a lookout for any alerts 24/7 and notify you immediately if there is an alert regarding your account. Whether you’re trying to protect your property, restore your credit, or sell real estate affected by a lien, we’re here to guide you every step of the way. Contact us today for a confidential consultation and take control of your financial future.

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