How to Get Rid of an IRS Tax Lien or Levy | Aversano Tax Resolution

If you’re asking yourself, what is a tax lien? An IRS Federal Tax lien is a like a marker that the IRS places on your home or other large assets to prevent you from selling them to claim their equity. Thankfully, as long as you don’t plan on selling your home in the near future. An IRS federal tax lien will only serve as a warning and is not permanent. But it does not mean that you are out of the woods yet.

Here are the steps that you will have to take in order to deal with your IRS federal tax lien.

The first step is to make sure you have filed all your tax returns that you are required to file. Having all of your necessary returns filed means you are in “tax compliance” with the IRS. Once you are “in compliance” you are the one step closer to dealing with your IRS tax lien.

The next step is for us to call the IRS collection department on your behalf, to assess the status of your tax lien. If a collection agent has been assigned to your case (which is likely) we will speak with them about what you owe and where you are with the collection department. If the assessment is newer, we have some time to discuss options for settling the debt via and Offer in Compromise*. However, if the federal tax lien pertains to a much older debt, then time is of the essence.

An older IRS tax lien means that the IRS might be pursuing the debt more aggressively due to the statute of limitations to collect. This statute for a standard tax lien is somewhere around 7-8 years. Therefore, it is key to note that every taxpayer’s situation is different, and a tax lien does not give us any indication of a person’s status with the IRS.

The last step is what you qualify for based on your current IRS tax debt. These options range from an Offer in Compromise, to a Reasonable Cause Abatement to setting up a payment plan. Regardless of how your situation should be handled, having a tax expert who can translate your IRS tax lien into plain English, is essential.

Receiving an IRS tax lien can be overwhelming but speaking to an experienced accountant can really be your guiding light to a future without any tax debt burden. Give us a call and settle your IRS tax lien today.

Hope that help in deciding how to get rid of your IRS Tax Lien!  You can always check out the IRS Lien page to see what that states as well.