If back tax balances owed the IRS or state taxing authority goes un-addressed long enough, a Federal Tax Lien will be filed against current and future assets acquired by the delinquent taxpayer. The filing of a Federal Tax Lien issued to the local county recorder’s office is public notice to any potential creditor, contractor, vendor or business entity concerned with vetting an individual ability to be trusted.
Public and Government entities put on Notice of Federal Lien
A Federal Tax Lien is filed to prioritize claims for payment over other competing creditors affiliated with the Taxpayer. Consumer reporting credit agencies, county recorder’s offices and Secretary State offices are notified. Potential employers, Landlords and Lenders (Mortgage providers) utilize this information reporting to determine the viability of a potential individual.
Balances stemming from a “shared responsibility” penalties generated by the Affordable Care Act is not grounds for a Federal Tax Lien to be filed.
Federal Tax Lien vs. Tax Levy
A Federal Tax Lien is a collection action initiated by the IRS to make aware the Taxpayer does not comply with the most basic rule of the land…Paying your taxes on time and in full. A Tax Levy (Seizure), in the form of a bank levy, wage levy or vendor levy is the most frightening and last line of notice to gain the Taxpayer’s attention. Being blindsided by a levy is a cruel awakening. A series of notices of intent to levy is sent to the Taxpayer’s last known address. By sending these notices of intent to levy the IRS has accomplished its necessary diligence of advance notice IRS collection is eminent.
Levy or seizure action applies to personal and business property such as homes, cars and ALL bank accounts. Bank account levies are a one-time issuance, never reoccurring. However, having no money to pay your mortgage or rent is damage enough for motivation to resolve the tax account swiftly. If funds are actually frozen the taxpayer has 21 days to rectify the tax account and request for funds to be released back the Taxpayer.
FREE Tax Relief consultation call DWK Tax Group at 1-866-226-6102. https://dwktaxgroup.com
Representation with heart and character
DWK Tax Group: Tax attorney and Enrolled Agent help to resolve a problem that took years to establish. A reasonable expectation of resolution could be 1 day, 1 week, 1 month or 1 year pending the IRS collection variables in place. Call for a no cost consult today, DWK Tax does its diligence upfront and gives an honest assessment of a true expectation of resolution.
FREE Tax Relief consultation call DWK Tax Group at 1-866-226-6102. https://dwktaxgroup.com
Monday through Friday, 9AM to 8PM PST.
- No salesman, speak to the tax pro
- Unfiled tax returns
- Tax preparation completed in 48 hours
- Timely tax settlement so that the persecuted can move on with their lives
- Same day levy release, DWK will put a wall between the taxing authority and Taxpayer
- Never speak to a tax collecting agency again
- Price gouging is an unfair practice to the already stressed Taxpayer, pay for what is actually done
- Client representation pricing not based on taxpayer balance owed
Ready to get to work on a problem dogging you for years? Its “GO time.
FREE Tax Relief consultation call DWK Tax Group at 1-866-226-6102. https://dwktaxgroup.com