Understanding IRS Tax Liens & Levies:
What Are They and How to Resolve

A tax lien is a legal claim a government places on real estate or other assets when the owner is past due on taxes. Municipalities may sell tax liens to investors who pay the tax bill in return for the right to collect the money and interest from property owners. If you don’t take care of a federal tax lien, a tax levy could come next.

If you owe back taxes and the IRS socks you with a federal tax lien, here’s what could happen next.- Your creditworthiness could take a nosedive.- It can jeopardize a home sale or refinancing.- It can cost you a lot of time.- You can end up with a tax levy.

To get it removed:

A tax levy involves the government seizing property to settle owed taxes. When this occurs, the funds in your bank account may become inaccessible, meaning the government can control the available money without the account itself being frozen. However, apart from this restriction, the accounts will still function normally otherwise.

How can a Levy affect you?

How to stop a Levy?

What we can do to help you?

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