What are IRS Tax Liens? Chicago Tax Help

Steven Anderson Leahy

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Tax Lawyer - Chicago, IL

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Posted 11 months ago. 0 helpful votes


IRS tax liens are a tool used by the IRS to protect their interests when a taxpayer owes them money and is not making payments or will not be able to pay back the money within 10 years.

A lien is a legal device used, usually in regards to real estate property. It gives the IRS first rights to any profits that come when you sell the property. An IRS lien can ruin your credit.

The best way to deal with a lien is to not get one in the first place. If you owe money to the IRS they will usually work with you to get the money paid back. If you are actively working with them it is very rare that the IRS will put a lien on your property.

If you have already gotten notice of a lien, then you want to start working at paying your tax bill off. Even with a lien on your property there are many options to get free and clear of your tax bill and get the lien removed from your property.

If you've received notice of a lien or owe the IRS money, don't wait. Call Opem Tax Resolution - The Law Office of Steven A. Leahy, PC (312) 664-6649. Call Now to schedule your FREE 1 hour Consultation!

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Tax lien

Tax liens can be enacted by the state or federal government. But in both cases, the government establishes an interest in your property.

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