IRS Tax Lien
A Federal tax lien is filed by the IRS in order to secure their position as a creditor. This means they have a legal claim against property held in your name. The filing of this lien is one of the first steps of collection action. The steps to follow are much more aggressive. The lien is usually filed after several attempts have been made to contact a taxpayer and work on a resolution for the outstanding debt. If you have been sent a Notice of Federal Tax Lien letter by the IRS, please don't ignore it. There are a couple of ways to get rid of a lien, the easiest being to pay your tax debt in full. If this is not an option for you, be sure to contact us to determine what your options are.
Need help with an IRS/State tax issue? Contact us at:
Safietou D. Russell, CPA, EA, MST
SDR Consulting Inc.
516-255-6603