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Has an IRS Tax Lien Have You on Lockdown? | Tax Relief Programs

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IRS Tax Lien vs. IRS Tax Levy: How Are They Different? Just about everyone uses the terms tax lien and tax levy interchangeably, but they are 2 very distinct IRS enforcement tools. A federal tax lien is a legal claim on your property in an attempt to secure payment of your back taxes should you attempt to sell the property. Think of a tax lien as a "passive collection tool." The tax lien is "there" but won't kick in unless to try and sell property. A tax levy is actually an order to seize your property to pay a tax liability immediately. A tax levy would be the enforcement tool that the IRS would use to seize your bank account(s) and paychecks. A tax lien will come into play if you disregard your tax bill or refuse to pay it. When this happens, the IRS will file a public document, the Notice of Federal Tax Lien. This basically tells all other creditors that the IRS has secured a legal claim to your property. Credit bureaus no longer include the notice in your credit report but there is a record of the tax lien filing at your County Recorder's Office. A tax lien could really "goof up" a security clearance application.


How to Handle an IRS Tax Lien, You May Ask. The IRS can place a tax lien not only on your existing assets, but also future assets attained while the tax lien is in effect. Even if you file for bankruptcy, the IRS lien may remain in place. The quickest way to remove a tax lien is to pay your taxes in full. But if this an option, most people would do this. Should you send a payment in full to the IRS, the tax lien will release the lien within 30 days. If paying your tax debt in full is not possible, you may be able to get relief through one of the tax relief options listed below. 1. Installment Agreement - If the IRS hasn’t filed a tax lien against you yet, you may avoid adverse action by setting up a guaranteed installment agreement ($10K or less) or a streamlined installment agreement ($25K or less). Your payment must be paid with a debit card. This allows you to make monthly payments over time to pay off your tax debt. Our tax professionals recommend you consult with a tax professional before entering into any payment plan. 2. Offer in Compromise - You may be able to dramatically reduce your tax debt through an Offer in Compromise #OIC). If successful, the IRS will remove the tax lien once the agreed-upon tax settlement is paid in full.


This article is provided by the tax professionals at Flat Fee Tax Relief who have been providing very valuable tax relief help at a very affordable fee for more than a decade.


Our tax pros are strategically located in Clearwater, Florida, as well as San Diego, California. Our tax relief programs are coast to coast. We are ready and able from 8 A.M. Eastern to 6 P.M. Pacific time. The extra hours are invaluable when stopping an IRS levy needs to happen in one day.

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you are facing an IRS tax lien, don’t feel overwhelmed. There are affordable options to help you get relief.

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IRS Tax Relief Programs