Federal Tax Liens can really make your life miserable!
When your taxes are not paid the IRS establishes a lien
against all of your assets (especially real estate). This
gives the IRS the legal right to collect taxes from the
sale of your assets, which includes just about everything
you own.
The lien can be against you, your spouse, or your company.
A lien against your company would seize your accounts receivables.
At this point everything you own is just one short step
away from becoming the property of the United States Government.
Liens filed against you by the IRS also show up on your
credit report and often prevent you from opening a checking
account or borrowing against any assets, like your home.
The banks don't want the extra work when the IRS comes
in to take your money.
With a Federal Tax lien on your record you can't get a
reasonable loan to purchase a car. Think about paying 18-22%
interest on a car that is already too expensive. You definitely
cannot buy or sell any Real Estate. The list is endless.
Get a Free Consultation on how to resolve
your tax lien problems by contacting us.
