A tax lien is a lien imposed by law upon a property, like a home, to secure the payment of delinquent taxes. A tax lien may be issued for delinquent taxes owed on real property or personal property, or more commonly as a result of failure to pay IRS income taxes or other state taxes. An IRS tax lien is the government’s legal claim against your property when you ignore or fail to pay a tax debt. The lien protects the government’s interest in all your property, including real estate, personal property and financial assets.
The IRS will send you many notices before a tax lien is filed in your matter. You must be proactive with the IRS and work with them from the first notice, not just put it in a drawer and wait for the next one to come in the mail. If you respond within the time frame allowed by the IRS, your chances of releasing the lien significantly increase.
A tax levy is where the IRS or any State secures back taxes owed to them by attaching the “levy or garnishment” to a taxpayer’s bank account, pay check or retirement. These types of situations can cause headaches for taxpayers and their families.
At Flat Fee attorneys our attorneys and experts in Tax Law have years of experience in dealing with IRS agents and releasing both tax liens and tax levies. After being retained on a case, we immediately start the communication process on your behalf with the IRS to get to the right department handling your case. We then work with the assigned revenue officer or collections officer in releasing the lien or levy in the most advantageous way to our clients. We follow the same process when another State garnishes a taxpayers Nevada paycheck.
What is key to note is that if you receive a levy or a lien, you have time to resolve your problems as the IRS and States must wait so many days until they can take your paycheck or the money from your bank account. This is where we step in. During this window of time, we can communicate on your behalf so that the IRS or a State does not take the money. Come see the tax professionals so we can be proactive and release the levy or lien within the time frame allowed.
If the time frame has already run, we can still help. There are many times even after a levy of wages or bank account goes into effect that we can step and release the levy within a matter of days, assuring the taxpayer their full paycheck or access back to funds in their bank account.
If someone receives a levy from another State that they used to live in, under law if you are no longer a resident of that State, that State cannot take your paycheck or your money. Now, there are certain situations where States are allowed to take money, but again with our expertise we can communicate on your behalf and give you the peace of mind you need.
We have one fee at Flat Fee attorneys, which means when you sit down with one of our tax attorneys we will examine the severity and work needed on your case and quote you a fee at that time. There are no hidden costs, just one fee to do all the work. The consult is free!