IRS Tax Lien

An IRS tax lien happens when the IRS wants to secure what it believes is owed to them by a taxpayer, for unpaid tax debt. After determining how much you owe, the IRS will send a bill explaining the balance due. This is called a Notice and Demand for Payment.  You will be asked to make a full payment within a specified amount of time. If the payment is not made, a federal tax lien can be filed. The lien is placed on the taxpayers Social Security number, which then attaches to any property the taxpayer owns. The most common situation we deal with in helping taxpayers with IRS Tax liens, are home mortgages, credit repair, and potential impact on a job application that requires some type of Security clearance. Getting a lien removed involves certain things that the IRS will want done first. Like filling past tax returns, or coming to an agreement on paying a back tax debt. Many of these options must be pursued first, before the IRS will budge on removing a tax lien. The IRS has a limited time to enforce the lien before it expires. The typical expiration timeframe is ten years, but it’s possible for the timeframe of the federal tax lien to be extended.