The Importance of Avoiding Tax Liens
If you have recently received notice that there is a tax lien against your home, you need to quickly contact a tax lawyer for IRS tax help. Receiving official notice from the IRS about a tax lien against your home means that the government has placed a legal claim against your home as a form of leverage to attempt to secure its interest in your assets to satisfy past tax debts. While this doesn’t mean that the IRS is going to take over your home and evict you, it does have some potentially negative consequences.
With the current housing market, tax attorneys in California often have to deal with helping homeowners get a tax lien removed so they can sell or refinance their home. The easiest resolution of this problem is where the proceeds of the sale or refinancing can fully satisfy the lien at closing. If this isn’t possible for financial reasons, an experienced tax attorney at the Law Offices Of Jeffrey B. Kahn, P.C. can request the IRS to release or subordinate the lien to allow the transaction to proceed if it can be shown that the IRS would be in no worse position by allowing the sale or refinancing to go through.
Once a tax lien is filed, it will stay on your credit history for seven years. However, the Law Offices Of Jeffrey B. Kahn, P.C. can help you negotiate a resolution through the IRS Fresh Start Program which offers a one-time way to get this mark removed from your credit.
If you are in danger of having a tax lien placed against your property, it’s urgent that you speak with an income tax attorney. The experienced tax attorneys in the Law Offices Of Jeffrey B. Kahn, P.C. know how to keep this from happening.