Tampa Tax Attorneys Assisting With Tax Liens In Sarasota, St. Petersburg, Clearwater West Palm Beach and All of Florida

The IRS imposes tax liens to legally guarantee that the government will be paid for debts arising out of unpaid taxes. In essence, a lien is a restriction on the taxpayer’s property that prevents transfer of the title and obtaining further financing – for example, a taxpayer with a lien on their house would be prevented from selling or refinancing. Tax liens also make it extremely difficult for a taxpayer to acquire credit. The IRS may enforce the tax lien by taking control of the taxpayer’s property under an administrative levy.

The IRS must undertake specific procedures in order to impose and collect on a tax lien. They must first assess the taxpayer’s liability. After this assessment, they must send a “Notice and Demand for Payment,” which is in essence a bill for the taxpayer’s debt. Finally, if the taxpayer does not respond to the demand for payment within 10 days of the notice, the IRS may issue and file a tax lien against the taxpayer for the total amount of the tax debt owed. When the lien is filed the taxpayer’s creditors will be advised that the IRS holds a claim against the taxpayer’s property, and this information will be used in order to establish priority of debt in case the taxpayer files for bankruptcy.

There are methods for having tax liens released, and there are other solutions that may be negotiated with the IRS to settle tax debt problems. The best thing a taxpayer faced with a tax lien or any other federal or state tax problem is to retain professional and professional counsel – the knowledgeable tax lawyers at Yesner & Boss, P.L., serving Tampa, St. Petersburg, Clearwater, Brandon, Sarasota, New Tampa, and areas throughout Florida are ready to work on your behalf to find a solution to your tax problems. Contact us today for a consultation.