A tax lien is a lien imposed by the IRS on a taxpayer’s property to secure the payment of the taxes due. The amount of the lien will include not only the back taxes owed but interest and penalties and any additional amount the IRS deems it is due.
“Tax liens are essentially punishments for consumers who have fallen behind on their taxes,” says Michael Rozbruch, founder and CEO of Tax Resolution Services, Co. (TRS), a leading national tax relief firm. “While it is unlikely that the IRS can actually collect on unpaid back taxes with a lien, it is a wake-up call to taxpayers who are delinquent in filing a return, paying the back taxes, or both.”
“Resolving back tax issues before that notice of tax lien arrives is essential” states Rozbruch, and the first step he recommends is consulting with a Certified Tax Resolution Specialist or expert tax attorney who is best positioned to evaluate a particular taxpayer’s case and see if he or she qualifies for IRS programs such as the installment agreement plan or Offer in Compromise program to settle tax debt once and for all.
“A tax lien, even if ultimately uncollected, is a bruising penalty that can inflict a great deal of harm to a person if he or she seeks employment or applies for credit,” Rozburch said. “The IRS has made it clear that the time to resolve tax delinquencies is now, before the postman can deliver the bad news.”
Tax Resolution Services, Co., is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Our tax attorneys, CPAs, and tax relief professionals have successfully resolved thousands of cases since 1998 and are committed to making sure our clients’ experiences exceed their expectations. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call 888-851-5894.
Contact: Debbie Edwards, Phone: (818) 774-1813 ext. 326, Email: Debbie@taxresolution.com
Tax Resolution Services, Co