Vero Beach Tax Attorneys Assisting With Tax Liens In Fort Pierce, Stuart, Port St. Lucie, Jupiter & All of Florida
Each and every year Americans refrain from paying millions of dollars in tax debts, which the government goes to extreme matters to attempt to collect. The IRS is gravely serious when it comes to receiving tax debts owed to the government, and one of the most serious methods the IRS can undertake to collect taxes owed is by implementing a tax lien.
Liens are basically restrictions on a taxpayer’s personal property that prevent the taxpayer from transferring title or obtaining further financing. As an example, an individual with a lien on his house would be prevented from selling or refinancing. Tax liens also make it extremely difficult for a taxpayer to acquire credit. Eventually, the government may enforce the lien by taking control of the individual’s property under an administrative levy.
To impose such a lien and to ultimately collect on it the IRS must undertake a strict process demanding the following steps: 1) First, they are required to officially assess the taxpayer’s liability; 2) Next, the IRS must send a “Notice and Demand for Payment,” essentially a bill for the taxpayer’s debt; 3) 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.
It is important for the taxpayer to be aware of the fact that 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.
Even though this is an incredibly serious matter, taxpayers facing tax lien situations do have certain opportunities to rectify the problem. 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 Jupiter, Hobe Sound, Stuart, Port St. Lucie, Fort Pierce, Vero Beach, and areas throughout the Treasure Coast are ready to work on your behalf to find a solution to your tax problems. Contact them today for a consultation. Helping citizens of Indian River, St. Lucie, and Martin Counties, Yesner & Boss, P.L. is the preferred choice for tax problem resolution.
