Understanding Tax Liens & Levies
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No matter the intricacies or depth of your financial strain, relief is attainable through our expert guidance and tailored solutions.
People nationwide comes to The Tax Help Experts to get professional result driven help with liens & levies.
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Liens & Levies
The IRS can place a lien on your property for unpaid taxes and may escalate to seizing assets if the debt remains unpaid.
The Tax Help Experts excel in achieving favorable results for clients, offering specialized lien and levy relief services, and providing solutions beyond conventional approaches.
When you owe unpaid taxes, the IRS has several methods to collect this debt, including asset seizure and claims against your property, known as liens and levies.
A tax lien is essentially a legal claim against your property that bars you from selling or refinancing it until the tax debt is settled. This can deter potential buyers or investors who discover outstanding taxes during a title search, often leading them to consider other properties.
Conversely, a tax levy involves the IRS actually seizing the asset—such as your home, bank account funds, etc.—to cover your tax debt.
To proceed with selling or refinancing a property under a lien, the IRS must first release the property from the lien, sometimes accepting the property’s equity in lieu of payment.
Property investors are typically cautious of tax liens and levies, as these properties are generally less desirable.
Most commonly, the IRS opts for a lien rather than a direct seizure of property through a levy. This approach restricts your ability to refinance or sell the property, effectively securing the payment of the owed taxes when the property is eventually sold.
Handling liens and levies on your properties can be an overwhelming ordeal. At The Tax Help Experts, our team possesses the expertise and experience required to help you navigate your unique tax challenges.
Contact us today to schedule your complimentary and confidential consultation to discover how we can help you prevent IRS asset seizures or eliminate liens and levies from your property.
