Has the unthinkable happened to you? Are you in a panic (or perhaps a rage) trying to figure out how or why the Internal Revenue Service attached a Federal Tax Lien to your Detroit area home? Or perhaps you have received another menacing letter threatening that if you do not pay your Federal Tax Debt immediately, a Federal Tax Lien will be levied against your property. And to make matters worse, you might not even agree with the Internal Revenue Service that you actually owe this debt.

Should the Internal Revenue Service actually levy a Federal Tax Lien against your property, they will provide you with written notice of:

• The property address against which the Federal Tax Lien is filed;
• The Federal Tax Lien amount;
• The county in which the lien is recorded; and
• Contact information for the Internal Revenue Service.

What Does This Mean?

First of all, you may not even be certain what a Federal Tax Lien is. When you owe the Internal Revenue Service money and cannot pay them, they may attach a Federal Tax Lien to your property. They use the Lien as an insurance policy of sorts to guarantee that they will eventually get your money. The Lien is a legally binding maneuver that puts the Internal Revenue Service first in line—ahead of you (the property owner) and even the mortgage company (should you still owe on a mortgage)—to receive profits from the sale of your home.

The Internal Revenue Service uses liens because they work. If you are having enough financial problems that you cannot pay your Federal Taxes, more than likely you cannot pay other debts as well. One of your first options may be to sell your home and purchase a cheaper one. And that will be when the Internal Revenue Service will swoop in and collect all the funds from the sale of your home needed to pay-off your Federal Tax Lien. If it was up to you, you might use the profits from the sale of your home to pay a little bit on several of your debts, the Internal Revenue Service included. But once a Federal Tax Lien has been levied against your property, it is not up to you what happens to your home sale profits. The Internal Revenue Service just steps in and takes over.

And do not think that just because the Federal Tax Lien has been filed against you that the Internal Revenue Service will ease up its pressure on you. You will be pursued relentlessly until your Federal Tax Lien is cleared. Until you pay your debt, expect that any or all of these situations may befall you and your loved ones:

• Three major credit-reporting agencies (Equifax, Experian, and TransUnion) may be advised of your Federal Tax Lien. Once that happens, expect your all important credit score to decrease. Then you could be facing higher interest rates on future loans, or be denied credit, insurance or employment.
• The plans you had to use your home’s equity as a financial asset later in life, perhaps for retirement, have just been shattered. The Internal Revenue Service will be the one to benefit from your hard-earned equity, not you.
• You could end up in the nightmare scenario of selling your home and still owing the Internal Revenue Service on your Federal Tax Debt. Especially in today’s declining housing market, the profit from the sale of your home may not be enough to satisfy your Federal Tax Lien. What could be worse than selling your home, having nothing to show for it—no money to purchase another home—and still owing the Internal Revenue Service!
• In an ironic twist, your Federal Tax Lien could even prevent you from paying your Federal Tax Debt. Imagine being offered a better paying job, one that would allow you to quickly pay-off your Federal Tax Debt. You just need to sell your home and buy a new one, as this fabulous new job is in another city.  But much of the money you need from the sale of your current home to buy a new home near your new job may go straight past you to the Internal Revenue Service. So you may never be able to take that better paying job because you cannot afford to move. Can you see how your Federal Tax Lien makes you a prisoner in your own home with the Internal Revenue Service holding the keys?
• And worst of all, should you still owe on your home’s mortgage, you may still owe on it even after your home sells. Once the Internal Revenue Service takes what they need to pay-off your Federal Tax Lien, there may not be enough leftover to pay-off your mortgage. Imagine your despair as you see the equity in your home effectively transferred to the Internal Revenue Service, leaving you nothing to purchase another home, and still owing on your old home.

How Do I Stop This Disaster?

Before you do anything else, contact a Detroit area attorney licensed in Tax Law. You may consider yourself to be quite experienced in legal or financial matters, particularly if you have survived past legal battles or financial difficulties. Clearing a Federal Tax Lien is nothing like fending off a lawsuit or aggressive creditors. You aren’t fighting a lawsuit or a bank; you are in essence fighting the United States Federal Government! Whatever expertise you may have, if it was not enough to prevent the Federal Tax Lien from being levied against you, consider getting the help you need to fight the Internal Revenue Service.

Not only are you fighting the Internal Revenue Service—a behemoth—but your adversary does not always tell you the whole truth about your options. A Detroit area attorney licensed in Tax Law knows that the Internal Revenue Service often settles Federal Tax Liens for pennies on the dollar, since getting a little money from you beats getting no money from you at all. Did the Internal Revenue Service mention that in any of their countless letters and phone calls to you?

Fighting a Federal Tax Lien is unlike anything you have ever faced before. Do not be naive or foolish by thinking that it is embarrassing to talk about your tax problems. Contact a Detroit area Tax Attorney today. You need a fighting chance.

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You can avoid these common goofs if you will pay close attention or get qualified help in preparing your tax return. Any of these costly mistakes can not only cost you money, but they may cost you an audit and confrontation with the IRS. They are:

1. Claiming the wrong filing status. Your filing status determines a number of tax benefits like the child tax credit, earned income tax credit and dependent exemptions. Filing status choices are single, married filing jointly, married filing separately, head of household, and qualified widow with dependent child. Each choice comes with requirements. Making the wrong status choice can cost you money and a date with the IRS.
2. Claiming ineligible dependents. Make sure your dependents qualify for such, because if they do not have Social Security numbers, the IRS may disallow the exemption.
3. Failing to report all income. This means you should report every source of income, even if you don’t get a W-2 back from an employer, or a 1099 form from someone else you did work for. If these sources are ever found out, the penalties are stiff and can carry criminal prosecution.
4. Bad Math. Although your bad math may be an honest mistake, the IRS takes your returns very seriously. Make sure to double check your math and know your figures are correct. Failures in figuring you taxable income, tax amount, deductions, capital gains, credits, or money you owe or due as a refund are all red flags to the IRS. Making these “honest” mistakes can cost you an audit or a penalty.
5. Not filing the right forms. IRS instructions go to a lot of trouble to spell out who has to file which form. Filing the wrong form raises a red flag for an audit. The IRS makes publications that will instruct you in which forms to use. Supporting documents and schedules must be filed for certain deductions, credits and other items. One of the most neglected forms to file on time is the self employment tax forms. They have to be filed correctly and timely.
6. Using the wrong social security numbers. If you miss write or incorrectly use the wrong social security numbers, they will not match your government records. The IRS may disallow exemptions, credits, and deductions when this happens.
7. Failing to sign and date your return. If you do not sign or date your return, the IRS does not consider the return filed. Even E-filed returns have to be electronically signed.
8. Not claiming or misusing the earned income tax credit. Millions of low-income families qualify, but do not claim it for a variety of reasons. There are many who do not understand the requirements for claiming the earned income tax credit and do anyway.
9. Failing to report documented workers. Some taxpayers do this to avoid paying Social Security taxes or Medicare taxes for their workers, but it is against the law. It will cause the IRS to not only audit you, but they can even charge you with criminal violations.
10. Failing to check whether or not you are subject to the alternative minimum tax. If your deductions and taxes are so high as to wipe out much of your tax liability, it is a good chance you may be subject to the alternative minimum tax. This relatively new tax is a parallel tax system designed to make sure the wealthy pay their fair share, but you do not have to have vast wealth to fall under the tax. It is best to check.

If you live in or around the Santa Fe area of New Mexico, and you are facing an audit due to one or more of these common mistakes, you may need legal representation in the form of a tax attorney. Contact us today, and we will get you in touch with a tax lawyer in your area who will be able to help you answer all the questions you may have about tax law.

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The Internal Revenue Service may have you in its sights to file a Federal Tax Lien against your St. Louis property if you are behind on your Income Tax payments. You may have discovered that they do not care if you agree with them or not about the amount of the Lien; they can still file one against your property. Read below to learn how serious a Federal Tax Lien really is, and consider contacting a St. Louis Tax Law attorney for help.

When the Internal Revenue Service attaches a Federal Tax Lien to your St. Louis property, you will receive written notice of:

• The property address against which the Federal Tax Lien is filed;
• The Federal Tax Lien amount;
• The county in which the Lien is recorded; and
• Contact information for the Internal Revenue Service.

How Can a Federal Tax Lien Harm Me?

Even after being threatened with a Federal Tax Liens, most St. Louis residents still do not understand how the Lien works. Simply stated, it is an insurance policy for the Internal Revenue Service to ensure that, sooner or later, they will collect what you owe them. With the filed Lien, they step to the front of the line to collect profits from your home sale, before you or your mortgage company can collect a dime. If you are facing a Lien, you probably have other financial problems and may have considered selling your home. This is why the Lien is so effective in helping the Internal Revenue Service collect from taxpayers.

You may think the Lien filing is the worst thing that could happen to you, but your situation can actually get worse:

• If credit-reporting agencies like Equifax, Experian, and TransUnion learn of your Federal Tax Lien, they may downgrade your credit score. You could end up paying higher interest rates or even lose out on employment, insurance or credit opportunities.
• Any plans you have for your home equity, like retirement, may change. The Internal Revenue Service’s plans for your equity—paying off your Federal Tax Lien—now come first.

• If your home has lost value recently, selling it may not be enough to clear your Internal Revenue Service and/or mortgage company debt. Imagine selling your home, not having enough to pay-off your Federal Tax Lien and possibly even your mortgage; you could be left without even enough for a down payment on another home.

• Paying off your debts is hard, but a Federal Tax Lien can make it even harder. A better paying job might be the assistance you need, but if that job requires you to relocate, you might not be able to afford to move. If selling your home would not leave enough for a down payment on a home in your new job’s city—after the Internal Revenue Service takes the Lien amount—you may feel like a prisoner in your own home.

How Can I Clear this Federal Tax Lien?

Step One is contacting a St. Louis Tax Law attorney. Do not foolishly assume you can resolve this yourself. Do you have experience with Internal Revenue Service protocol? How many Federal Tax Liens have you negotiated? Ever persuaded the Internal Revenue Service to settle a Lien for a small percentage of the Lien amount? Clearing your Lien quickly, successfully and perhaps even for less than what you owe takes practice and prior knowledge, things that most taxpayers do not have. If you could not prevent the Internal Revenue Service from filing the Lien, how can you get them to remove it without losing everything you have worked so hard to attain?

Fighting belligerent bankers or fending off litigants does not give you the skills need to fight a Federal Tax Lien. Take on the Internal Revenue Service, and you take on United States Federal Government. How can you successfully do that without risking your financial future and your family’s security?

Turn over a new leaf today. Get the help you need. Find a St. Louis Tax Law attorney. We rarely regret getting good advice, but almost always regret the lack of it.

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Are you the recent recipient of a Federal Tax Lien from the Internal Revenue Service against your Philadelphia area property? Or has the Internal Revenue Service threatened you repeatedly to attach such a lien against your Philadelphia area property if you do not pay your Federal Income Taxes right away? In all likelihood, you are probably unable to pay your Federal Tax Debt, angry at the Internal Revenue Service and more than a little frightened about the consequences the Federal Tax Lien will create for you.

Should the Internal Revenue Service attach a Federal Tax Lien against your property, you will receive written notice that confirms:

• The property address against which the Federal Tax Lien is filed;
• The Federal Tax Lien amount;
• The county in which the lien is recorded; and
• Contact information for the IRS.

Federal Tax Liens: What Are They? Why does the Internal Revenue Service Use Them?

In layman’s terms, a Federal Tax Lien is an insurance policy that the Internal Revenue Service uses to increase their odds of getting money from you to pay-off your Federal Tax Debt. More precisely, the Federal Tax Lien is a binding legal document that gives the IRS first priority to receive money from the eventual sale of your property—priority ahead of you, the property owner. Once your property is sold, whether that happens tomorrow or years from now, the Internal Revenue Service will legally get full payment of the Federal Tax Lien from the sale of your home before you ever get a dime. And it is possible that the profit from the sale of your home may not completely cover your Federal Tax Lien, in which case you will still owe the Internal Revenue Service more money! So it is possible that you might not receive any proceeds from the sale of your own home. For most Philadelphians, this is unthinkable that their greatest asset—their home—is at risk.

Just because the Internal Revenue Service has attached a Federal Tax Lien against your property, they probably are not done harassing you and attempting to collect your Federal Tax debt.  Internal Revenue Service agents are nothing if not determined; they will not leave you alone until they obtain every possible dollar required to pay-off your Federal Tax Debt. A Federal Tax Lien is one of their most powerful tools to attempt to collect your debt, and its effects on you and your family can be significant:

• Expect that your Federal Tax Lien may appear in any or all of the three major credit report agencies’ (Equifax, Experian, and TransUnion) files. Once it does, you may see your credit score drop considerably. This could raise your interest rates on future loans or cause you to be denied credit, insurance or employment.
• Expect your opportunities to sell your home to be drastically impacted. Any homeowner understands the simple process of selling one’s home: find a buyer; agree on a contract; close the sale; pay off whatever the mortgage company is still due; and deposit your profit in the bank. Everything changes with a Federal Tax Lien.  Now, once you do sell your home, any profit first goes to the Internal Revenue Service—ahead of the mortgage company and you—until the Federal Tax Lien is paid-off.  Whatever profits you’d been dreaming of just changed.

• Believe it or not, the Federal Tax Lien often keeps you from paying-off your Federal Tax Debt. For example, should you realize that you could never pay your Federal Tax Debt on your current salary, you might look for a better paying job. If you find one that happens to be in another city or state. All you need to do is sell your home, buy a new one closer to your new job, and pay off your Federal Tax Debt quickly, right? Wrong. You will never be able to take that higher paying job because you cannot sell your home without immediately paying the Federal Tax Lien. Once you pay the Lien from the proceeds of the sale of your home, you probably will not have the money to buy a new home closer to that great job, and you have lost the home near your current job. Thanks to your Federal Tax Lien, you are stuck in your current home until you have the money to pay your debt to the Internal Revenue Service.

• Like many Philadelphians, you may still be paying on your mortgage. Should you sell your home before it is completely paid off, you would expect the sale of your home to yield enough profit to pay-off your mortgage, right? Think again. With a Federal Tax Lien in place, the funds available to you after the Lien is paid-off often are not enough to pay-off your mortgage. Do you realize what that means? You will still be paying on a home you do not own anymore, while still needing another home to live in. This is a nightmare.

So how can I remove a Federal Tax Lien from my property?

First and foremost, contact a Philadelphia attorney licensed in Federal Tax law. No matter what financial problems you may have had before, this one is different: you are not fighting a bank or a creditor; you are fighting the Internal Revenue Service. In effect, you are fighting the United States Federal Government. This is serious, and you need serious help. The Internal Revenue Service is highly skilled at collecting as much as possible from taxpayers, regardless of how it impacts real people like you and those you love. But an attorney licensed to practice Tax Law in Philadelphia can advise you on options that the Internal Revenue Service often does not offer you. For instance, your attorney can advise you that the Internal Revenue Service would rather get partial payment of your debt, even a token amount, than get no payment at all. Such a settlement requires skilled, experienced negotiations.  You can expect the Internal Revenue Service to get more and more aggressive in its efforts to collect what they maintain you owe them. Are you really prepared, on your own, to fight them and win?

You need someone to help you fight for your rights and the best possible settlement. We can help you find an advocate to fight for you.

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The IRS offers a variety of IRS tax settlement options which may allow Wyoming taxpayers to repay their tax debt for a fraction of the full amount owed. The federal government has given the Internal Revenue Service (IRS) sole authority to determine how much money they are willing to accept to settle IRS tax debt. The IRS will only accept less than the full amount of tax owed if they do not believe the taxpayer can pay the IRS tax debt with a lump sum payment or an installment agreement.

Wyoming taxpayers who do not pay their federal tax debt can become the target of aggressive IRS collection actions and may face bank account levies, property repossession or wage garnishments. It is not a good idea to ignore the IRS. Wyoming taxpayers who want more information about how they can settle their IRS tax debt can contact a tax professional for help.

Offer in Compromise

Offer in Compromise is one of the most popular IRS tax settlement options available. Offer in Compromise may allow a taxpayer to make a settlement offer to the IRS to settle their IRS tax debt for a fraction of the full amount owed. The IRS can deny, accept or negotiate the Offer in Compromise offer. If the Offer in Compromise is accepted, the amount outlined in the OIC agreement will be considered settled. The IRS currently accepts approximate 20% of the OIC offers it receives (more may be accepted after negotiations or on appeal). Wyoming taxpayers will not have any legal recourse to compel the IRS to accept an OIC offer if all OIC appeals have been exhausted.

After the OIC is accepted penalties and interest will stop accruing and the IRS will stop their collection actions. An Offer in Compromise can be expensive, time consuming and difficult to implement. The IRS will also need large amounts of detailed information to process the OIC and if it is denied, they can use this information to continue to collect the tax debt. Offer in Compromise may allow the Wyoming taxpayer to settle their IRS tax debt for a fraction of the amount owed, but it may not be the best IRS tax settlement option for all Wyoming taxpayers.

Qualifying for Offer in Compromise

Not all Wyoming taxpayers who request an Offer in Compromise will be eligible for one. Taxpayers must meet one of the following:

• Doubt as to Liability- An Offer in Compromise will be accepted if there is some doubt as to the amount of tax debt assessed against the taxpayer. Errors can result from a miscalculation, misapplication of federal tax law or if the taxpayer provides additional tax information which has not previously been considered.
• Doubt as to Collectibility- Under this condition the amount of IRS tax debt is not in question, only the ability of the IRS to collect the debt. An OIC also may be granted under this condition if the IRS has determined it is too expensive to collect the tax debt.
• Effective Tax Administration- Wyoming taxpayers who may suffer a hardship which is inequitable or unfair may receive an Offer in Compromise. This condition is most frequently used for the handicapped and the elderly.

The Wyoming taxpayer must also meet the following requirements:

• Taxpayers must pay all IRS tax debt before the federal deadline for the next five years.
• Taxpayers must make their Offer in Compromise payments.
• Taxpayers must submit their federal tax forms and additional documentation to the IRS by the federal tax deadline.

Installment Agreement

Most taxpayers use installment agreements to repay their IRS tax debt. Installment agreements allow the Wyoming taxpayer to pay all of their IRS tax debt in monthly installment payments. Installment agreements will be for a specified time period which will vary based on the amount of tax which is owed.

Wyoming taxpayers who owe $25,000 or less can generally qualify for an installment agreement. Wyoming taxpayers who owe $25,000 or more should contact a tax professional (certified public accountant, tax attorney or enrolled agent) for help negotiating with the IRS.

Installment agreements will not stop penalties and interest from accruing on the outstanding tax debt, but will stop the IRS from continuing their collection actions. It is always less expensive to pay tax debt with a one time lump sum payment if possible. The IRS has the authority to cancel an installment agreement for many reasons including any of the following:

• Wyoming taxpayers do not make their full installment payments or they pay less than the agreed upon amount. First time violators may be granted a 30-60 day grace period.
• Wyoming taxpayers fail to file a federal tax return each year.
• Wyoming taxpayer’s financial situation dramatically improves.
• Wyoming taxpayers provide inaccurate financial information to the Internal Revenue Service on the installment agreement application.
• Self-employed Wyoming taxpayers fail submit tax returns each quarter or pay quarterly tax payments.
• Wyoming taxpayers did not make their federal tax payments for the five years before the tax debt which can not be paid.
• Wyoming taxpayers have had another installment agreement within the last five years.

Partial Payment Installment Agreement

If a Wyoming taxpayer does not qualify for an Offer in Compromise or can not make the full installment payments with an installment agreement, they may be able to repay IRS tax debt with a partial payment installment agreement or PPIA. The PPIA is simple, less expensive and easier to use than an Offer in Compromise. The PPIA will stop all collection actions, but it will not stop penalties and interest from accruing on outstanding tax debt.

The PPIA, like the installment agreement, will allow the taxpayer to repay tax debt with monthly installment agreements, but unlike the installment agreement, the PPIA will allow the Wyoming taxpayer to make partial payments each month. The IRS must agree to the plan, and if they do, all the debt not included in the PPIA will be considered settled.

The PPIA will be reviewed by the IRS every 2 years and if the Wyoming taxpayer’s financial situation has substantially improved, the IRS may require the taxpayer to pay more each month or completely cancel the PPIA.

Currently Not Collectible

Certain Wyoming taxpayers may have outstanding IRS tax debt which they are not able to repay. If the IRS agrees, they may change the tax status to “currently not collectible”. This tax status will stop all collection actions against the taxpayer but will not stop penalties and interest from continuing to accrue.

The IRS will send written notification each year to the Wyoming taxpayer updating them on their tax status, but this notice is not considered a tax bill. The IRS has 10 years to collect all tax debt before the statute of limitations expires and the debt is forgiven.

Penalty Abatement

Wyoming taxpayers may be assessed tax penalties if they fail to file a tax return, do not pay their taxes, misrepresent their tax information or request a false refund. The IRS may, with a valid reason, be willing to abate or lower a Wyoming taxpayer’s penalties. Valid reasons might include: personal duress, poor physical or mental health or bad professional tax advice.

The IRS may not be willing to lower all penalties. Wyoming taxpayers who need more information about penalty abatement should contact a tax professional for help.

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Are you like many Dallas area residents against whom the Internal Revenue Service has filed a Federal Tax Lien? Or perhaps the Internal Revenue Service has not actually file the Lien yet, but they are threatening you, over and over again, to pay your Federal Tax Debt immediately or suffer the consequences of the Lien. The good news is that you are not alone, and that a Dallas area attorney licensed in Tax Law can help you. The bad news, unfortunately, is that your situation may get much, much worse, particularly if you do not seek help from a Dallas area Tax Attorney immediately.

When you first saw the notices warning you of an impending Lien, you might have ignored them. Perhaps you have survived prior financial or legal crises, such as defaulting on a loan or being taken to court. Regardless of what you have been through this far, facing the Internal Revenue Service and a Federal Tax Lien is completely different. This time, you are not up against a bank or an angry litigant. You are in effect fighting the United States Federal Government when you take on the Internal Revenue Service. Do not take this matter lightly.

Why Did the Internal Revenue Service come after me with a Federal Tax Lien?

When the Internal Revenue Service uses the Federal Tax Lien as one of their options to collect your Federal Tax Debt, typically it is because less oppressive measures have not worked. The Internal Revenue Service uses Federal Tax Liens because they work. In a sense, a Federal Tax Lien puts the Internal Revenue Service in line ahead of you to take money from the sale of your home, whether that sale takes place tomorrow or years from now. When you eventually do sell your home, the Federal Tax Lien allows the Internal Revenue Service to legally take as much money from the sale of your home as is needed to pay off your Federal Tax Lien.

After the Internal Revenue Service attaches a Federal Tax Lien against your property, you will receive an important letter stating:

• The property address against which the Federal Tax Lien is filed;
• The Federal Tax Lien amount;
• The county in which the lien is recorded; and
• Contact information for the Internal Revenue Service.

Here is what makes the Federal Tax Lien so effective. If you are unable to pay the Internal Revenue Service what you owe them, the odds are good that you have other debts on which you are not current. You may be considering selling your home, taking most of the profit to catch up payments on all of your debts, and using some of it as a down payment on a more affordable home. As soon as the Internal Revenue Service files a Federal Tax Lien against your home, you lose that option. All of the profit you’re your home sale goes directly to them, until the Lien is paid off, and you have no recourse to stop them. You cannot use those funds to get current on your other debts or even to make a down payment on a more affordable home; the Internal Revenue Service takes all of it.

Consider the other ways a Federal Tax Lien can make your life difficult:

• Retirement or Other Large Financial Decisions: If your master plan financially includes cashing out the equity you worked so hard to build-up toward retirement or college for your children, you may need a new plan. Once a Federal Tax Lien is in place, the Internal Revenue Service has first dibs on your valuable equity, not you.

• Your Credit Score: Should Equifax, Experian, and TransUnion—the major credit-reporting agencies—learn of your Federal Tax Lien, expect that your credit score may decrease. A lower credit score could mean you will pay higher interest rates on future credit or possibly be denied credit, insurance or employment.

• In a bitterly ironic twist, your Federal Tax Lien could make it more difficult for you to pay off your Federal Tax Debt. Pretend you decided to whatever it took to pay-off your Federal Tax Debt to get your Lien removed; you found a job with much better pay that just happened to be far enough away that you would need to move to take it. Simple, right? Just sell your current home, take the profits as a down payment on your new home closer to the better paying job. Only it is not that simple once a Federal Tax Lien is attached to your property. The moment you sell, the Internal Revenue Service takes your home sale profit, not you, to pay off your Federal Tax Lien. You could be left without enough money for that down payment, which means you cannot take the better paying job at all. Federal Tax Liens have a way of altering your life dramatically.

Even worse, if you do decide to clear your Federal Tax Lien by selling your home and applying the profits to the Lien, you might still owe Internal Revenue Service afterward. Particularly when the Dallas housing market is weak, your home sale profit may not be enough to satisfy the Lien. If that is the case, you will be without a home or the down payment to buy a new home and still entangled with the Internal Revenue Service.

Worse still, though, is the possibility that after you sell your home and turn the proceeds over to the Internal Revenue Service, you might not have enough leftover to pay-off your mortgage. Should that happen, you will be without a home, without funds for a down payment on another home, and still owing on a home that someone else now occupies.

So What Can I Do?

First and foremost, find a Dallas area attorney licensed in Tax Law. Do not be so naïve to believe that you can successfully fight this battle on your own. Realistically, if, on your own, you were unable to stop the Internal Revenue Service from filing the Lien in the first place, how can you expect to get the Lien removed? Do you really think you can go up against the United States Federal Government alone and emerge victorious?

Consider this: Often the Internal Revenue Service accepts even a fraction of what you owe as payment in full on your Federal Tax Lien. Has the Internal Revenue Service ever told you that in their intimidating letters and phone calls? Negotiating a reduced settlement takes know-how, skill, confidence and past experience. Do not risk making your situation worse or waste any more time being afraid of the Internal Revenue Service. Contact a Dallas area attorney at  Tax Law Home today. Get the aid you need to protect what you and your family have worked so hard to create.

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