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Tax Liens

Tax Lien
The government has the right to put a lien on your property if back taxes are not paid. As a public record, a lien will affect your credit and cause a roadblock if you try to sell the encumbered asset.

Think of a tax lien as the way the IRS secures a debt.  If you owe the IRS for back taxes, the IRS looks at what you owe to them as a debt that they intend to collect.  As with any debt, if you can secure the amount due with some sort of collateral, the more secure the debt is.  This is simply what a tax lien does.  It secures the debt you owe to the IRS.

A tax lien may sound simple, but it is the toughest IRS actions to deal with.  If you owe the IRS for back taxes, you need to deal with the issue as soon as possible because once a lien is filed; it is extremely difficult to have it removed.  It’s like owing the bank for a mortgage.  The bank will never release your house as collateral until the mortgage is satisfied.  It works the same way with the IRS.  In most cases, the IRS will not release a lien until the debt (taxes) is paid in full.

It really doesn’t matter what type of solution we negotiate with the IRS, it is difficult to stop a lien and once a lien is placed, it is almost impossible to have it removed.

Simply put, deal with the tax situation before a lien is placed on your assets.  If you do, you have a better chance at keeping a lien from being filed.

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I had not filed my tax returns since 2008.  My tax bill through 2008 was more than $60,000.  I own a small business and most of my accounting records were lost and I could not prove my deductions.  ETS was able to file the missing returns and because of my current financial and employment situation, ETS was able to negotiate a settlement of $100 per month.  Thank you!
KenMyrtle Beach, SC

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