Avoiding and Resolving the Effects of Liens and Levies

If you neglect or fail to pay a tax debt, the IRS can file a federal tax lien against you. Federal tax liens are filed with the County Clerk of your residence or place of business. The lien attaches to all of your assets (such as property, securities, and vehicles) and to future assets acquired during the duration of the lien. Once the IRS files a Notice of Federal Tax Lien, it will appear on your credit report and may limit or completely obstruct your ability to obtain credit. The lien also attaches to all business property and all rights to business property, including accounts receivable. Even if you file for bankruptcy, your tax debt, lien, and Notice of Federal Tax Lien may continue after the bankruptcy.

Another enforced action that the IRS can take to collect a tax debt is to levy your financial assets and various sources of income. For instance, the IRS can levy financial property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, and more). If the levy takes the form of a wage garnishment, then up to 80% of your wages, including commissions, bonuses, etc., can be forcibly withheld by your employer under the direction of the IRS until your tax debt is completely satisfied. If you have received a notice of lien or levy, then we can provide help, but timing is imperative. Please do not delay!

The mere receipt of a notice of lien or levy from the IRS does not signify an irreversible condemnation. However, there are time restrictions on certain resolution options that may be of great benefit to pursue. It is therefore critical to the protection of your assets that you respond immediately to any notice or threat of federal tax lien or levy. Contact Tax Muscle before the IRS follows through with the actual filing of the lien or levy and let our team of tax experts develop and negotiate a tax resolution plan that will help you avert these harmful actions.

If a federal tax lien has already been filed on your property, our skilled Tax Attorneys will negotiate with the IRS on your behalf to facilitate a release of the lien. If you are currently facing wage garnishment, our Tax Attorneys will promptly request a Stay of Collections, and then negotiate with the IRS to institute the most beneficial tax resolution option for which you qualify.