Federal Tax Liens

For those who owe back taxes, the IRS has been known to place federal tax liens on homes. This means that they are first in line to receive any money from the sale of your house.

The IRS reports federal tax liens to credit bureaus and IRS tax liens badly damage credit ratings. In fact, it can prevent you from being approved for future credit accounts or at the very least cost you extra money in future interest. Therefore, federal tax lien problems are best avoided.

The IRS places a lien on property because they want delinquent taxpayers to pay their tax bills. However, a financial hardship or other situation often causes delays or difficulty in paying taxes and getting rid of IRS tax liens. The IRS must be made aware of these situations and a resolution must be sought or the IRS may continue their collections process, causing federal tax lien problems to persist, perhaps unnecessarily.

You may be eligible for a federal tax lien release, or even another strategy to remove any IRS tax liens. Fortunately, the tax professionals at FSI Tax™ are experienced in requesting federal tax lien releases and are ready to go to work on your behalf to solve your federal tax lien problems.

Contact FSI Tax™ and let our tax professionals assess your situation, explain your options and answer your questions.