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Professional Help with IRS Tax Problems for Michigan Residents – Tax Liens

Among the major IRS tax problems Michigan taxpayers may face is dealing with a federal tax lien. A lot of people do not fully understand what a lien is, much less how it can greatly affect them. This is where an experienced and highly skilled tax attorney like Len Stauffenger, Esq., comes in: to help clients find their way out of inquiry, clear their name and credit of any tax-related issues, and get rid of their IRS problems in general.

A federal tax lien is the government’s recourse when a taxpayer fails or neglects to pay his debt. It allows the government to have a legal claim against one’s property such as real estate, financial assets, and other personal properties. A federal tax lien may be put on your properties after the IRS:

  • Assesses your liability
  • Sends you a statement or bill that indicates and explains how much you owe the agency; and finally,
  • If, after the IRS sends you the bill, you neglect or fail to pay your debt on or before the set due date.

Once the IRS decides to put a lien on your properties, it will also file a public document known as a Notice of Federal Tax Lien that will notify creditors that the government has legal claim to your property.

How a Tax Lien Can Affect You

A tax lien is certainly the last thing you’d ever want to see as a penalty for not being able to pay your debt. A lien attaches to all of your existing and current assets, from real property to securities. It also attaches to any future assets that you acquire during the lien’s duration.

This can also affect your credit score – it may limit your ability to acquire credit. And it also attaches to all of your business properties and to your rights to things such as accounts receivable. If you file for bankruptcy, a tax lien may still continue to be in effect.

Avoiding & Getting Rid of Tax Liens

As long as you file and fully pay your taxes on time, there should be no reason to be worried. If, for any reason, you failed to do so, don’t ignore the letters and correspondences from the IRS. The best course of action to take once you get notices is to seek the assistance of a qualified lawyer. A dedicated tax attorney can provide professional advice and assist you through the process of clearing your issues.

Get rid of tax liens as soon as possible by contacting Atty. Stauffenger and his team. Call (888) 582-4989 to resolve IRS tax problems Michigan taxpayers normally face.