State and Federal Tax Lien
In other words...
If you own a home, a tax lien lets any potential creditor or buyer know that the IRS is first in line to receive any liquidation proceeds.
A federal tax lien becomes an issue when applying for a home equity loan, or any kind of credit application(like a car or business loan.)
A federal tax lein also prevents the sale or transfer of a home to third party like a family member, or children in the event of death.
There are rare cases in which a "lien subordination" can be filed, allowing certain transactions to take place, however there is no guarantee with this type of legal action.
The best way to deal with a Federal Tax Lien is to avoid them altogether.
Our staff of Tax Debt Resolution Specialists can assist you in the best way to deal with your State or Federal Tax problems before they turn into something worse.
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