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Thursday, October 15, 2015

Are You Facing Tax Lien Problems?

Millions of Americans are facing problems with the IRS due to unpaid taxes. When taxes go unpaid, eventually, the IRS will place a tax lien on your property. This can be a lien on your home, car, bank account or income property.

A Tax Lien Search
An IRS tax lien is a public record, but conducting a tax lien search is not always as straightforward as you might think. When you choose a reputable tax relief company, they will often start by conducting a tax lien search in order to identify potential problems.

How to Get a Lien Removed from Your Property
When a tax lien search finds property with an IRS lien, there are several ways this lien can be removed. The easiest and most straightforward solution is to simply pay your past tax debt. This will result in a clean tax lien search. Of course, for many people, paying all of their back taxes is just not possible. The good news is, there are generally other options available.

Discharge of Property – a company specializing in tax relief will be able to help you identify if any of your property is eligible for a discharge.

Withdrawal – a withdrawal removes your property from the results shown during a tax lien search, but the tax debt is still owed.

Subordination – this step does not eliminate the tax debt, but it will let other creditors take their place ahead of the IRS. This can help make it easier for you to get a mortgage or loan.



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