How To Handle an IRS Tax Lien
Friday, March 24, 2017

How To Handle an IRS Tax Lien

Countless people throughout Fort Lauderdale are struggling with tax problems. Whether it is back taxes, an IRS audit or a bank levy, there are a variety of issues that can happen. Instead of taking care of these issues immediately, far too many allow their tax problems to remain unresolved. The results can be disastrous. One of the worst case scenarios is an IRS tax liens. Obviously, the first remedy is to avoid the situation in the first place. But there are also some helpful ways a Fort Lauderdale tax attorney can help.

What is a IRS Tax Lien?

Tax problems can happen to even the most responsible people. The loss of a job, a divorce or huge medical bills can place anyone in a difficult financial position. In far too many instances, it can cause many people to fall behind on their taxes. Some give up hope and don’t even bother to file. Regardless of whether a person can pay their back taxes, they are are required by law to file. An IRS tax lien is a claim the government can make on a person’s property to collect tax debt. It is important to understand tax liens do not happen overnight. The IRS will repeatedly try to notify the debtor. If the person fails to attempt to resolve their debt or ignores the issue, the government will take action.

If the debtor fails to respond to correspondence, the IRS will issue a Notice of Federal Tax Lien. The document will immediately impact a person’s credit report and restrict their ability to to apply for credit. Unfortunately, filing for bankruptcy may not be an option. Unlike tax levies, which allow the IRS to seize property to pay of debt, a tax lien secures the government’s interest in the property. Although facing a tax lien can be daunting, there are solutions.

A Fort Lauderdale Tax Attorney Can Help

Certain problems require immediate solutions. Tax debt is a problem that can easily get worse with procrastination and failure to take action. The first solution is to contact an experienced and knowledgeable tax attorney with a track record of protecting the rights of clients and looking after their best interests. One of the most important skills a lawyer brings to the table is their ability to negotiate. When most people see or hear the letters IRS, they immediately think the worst. They have visions of men dressed in black suits and sunglasses showing up at their door with bad intentions. That is hardly the case. The truth is IRS is not interested in putting anyone in financial ruin. The government agency is only interested in recovering the money it is owed.

In some cases, the IRS may allow those with significant tax debt to resolve their tax problems without paying the full amount. However, the debtor must prove they do not have the income or means to pay off the debt. In addition to negotiating with the IRS tax, a tax lawyer can work behind the scenes to accomplish the following:

  • Discharge of Property: By applying for a certificate for discharge, an attorney can help remove tax lien from a property.
  • Subordination:
    Although subordination does not completely remove a tax lien, it allows junior creditors the right to a particular property over the IRS.
  • Withdrawal: A tax attorney can file for a withdrawal, which would remove the public Notice for Federal Tax Lien. It also ensures the government cannot compete with creditors to claim the debtor’s property.

Contact the Legal Team at Zuckerman Law, LLC Today

Tax problems can often get complicated. The first step is to seek representation from a Fort Lauderdale tax lawyer that can help. Attorneys Ira L. Zuckerman bring a track record of more than 30 combined years of helping clients with some of the most complex tax problems. Together, they work diligently in the courtroom and behind the scenes to help clients resolve their tax problem and help them regain their financial independence. To learn more, contact their law office today and schedule a consultation to discuss your case.

500 E Broward Boulevard, suite 1710
Ft. Lauderdale, Florida 33394