I hope you’ve been enjoying my posts lately. I thought I might do something different today and rustle up a few bits of info from around the WWW. These are some of the news items and blog posts that have been popular over the last few weeks. Leave me your thoughts.

When Do You Need An IRS Tax Attorney | revistaminimi.com

Handling tax troubles is nerve-racking. Battling them on your own is tough, even so, doing nothing is risky. In addition, the climbing expenses and penalties are challenging to endure.

IRS Tax Debt – Do not pay the interest on IRS debt – 5 ways to …

Getting Out: the interests of the IRS are ridiculous. They were issued to punish those who breach the law. It is now used as a source of income to the IRS. Why, if the interests of tax debts to be so ridiculously high? …

IRS Tax Professionals Attorneys | IRS attorney

IRS Tax attorneys represent clients across the United States and many foreigncountries. They provide the highest quality of legal services and personalize their own individual circumstances of each taxpayer. Work directly with clients …

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Receiving a notice from the IRS stating that they are placing a lien on you for back taxes can be an incredibly scary and frustrating event. Before you call your IRS tax attorney for help remedying your situation, take a step back and educate yourself about IRS tax liens and how they actually impact your life.

What is an IRS Tax Lien?

You’ve probably heard two similar terms in reference to tax problems – liens and levies. When the IRS files a levy against you they actually come and take your personal property as payment for your debt. A lien, on the other hand, is an action that turns your property into security against the tax debt that you owe. If you do not respond by paying your debt the IRS will later come back and levy your property.

The Effects of IRS Tax Liens

Having an IRS tax lien placed against you can cause quite a bit of significant difficulty in your life. The tax lien is a matter of public record and will let anyone who accesses those records know that you owe the IRS money. The tax lien will also show up on your credit report, making it difficult for you to obtain any additional loans or any other type of credit. You may not even be able to sign a lease for a home or apartment.

Once the IRS files a lien you will not be able to sell your property or transfer it into anyone else’s name. The lien will not be removed from your title until your debts to the IRS are settled.

How to Have a Lien Released

There are only a handful of ways to have an IRS lien released. They will release the lean:

• After you pay the debt with cash,
• 30 days after you provide a bond promising they will receive payment,
• 30 days after you have the tax amount adjusted and then pay it,
• After you give the IRS rights to a mortgage worth 2x the cost of your debt, or
• 10 years after they file your tax assessment if they do not file the lien a second time.

What to do if you Receive an IRS Tax Lien

You must act very quickly if you receive notice of an IRS tax lien. In most cases you only have 10 days to respond or pay the bill after being notified that the debt has been assessed.

The first thing you should do is call a qualified IRS tax attorney or white collar criminal defense lawyer. He or she will review your IRS case history, help you to determine whether or not the IRS has made an error, help you make payment arrangements (if applicable), and communicate with the IRS on your behalf. Don’t ignore your lien notice. Otherwise, a situation that could have easily been remedied might turn into your worst nightmare.

Michael Krillman is an experience tax attorney to help you with stopping wage garnishment, tax liens, bank levies, and audit defense.