Sound Tax Consulting Inc, Taxes - Consultants & Representatives, Bellevue, WA

Tax Liens


IRS Tax Liens

Negotiated Releases to get your credit back

 

When the IRS or State files a lien, it hurts your credit and clouds the title on your real estate or business. We can expedite the release of liens to help clear your credit and remove the encumbrance from your property.


Contact the STC Tax Team to discuss the facts of your case and get your questions answered.


Lien Subornation

 

In some cases, a federal tax lien can be made secondary to another lien, such as lending institutions, if it can be proven to the IRS that taking a secondary position ultimately will help with collection of the tax debt.  This process is called subordination. Our firm will work with IRS Collection Advisory group and  apply for a subordination of a federal tax lien if you are refinancing or restructuring your mortgage or borrowing on a property that you own free and clear. Without lien subordination, you will be unable to borrow funds or reduce their payments. Lending institutions generally want their lien to have priority on the home being used as collateral.


What is a Lien?


A federal or State tax lien gives the IRS or State a legal claim to a taxpayer’s property for the amount of an unpaid tax debt. Filing a Notice of Tax Lien is necessary to establish priority rights against certain other creditors. A lien informs the public that the U.S.  or State government has a claim against all property, and any rights to property, of the taxpayer. This includes property owned at the time the notice of lien is filed and any property acquired thereafter.
A lien can affect your credit rating, so it is critical to learn what options are available to you as quickly as possible.

 

The IRS has made fundamental changes to liens in cases where taxpayers enter into a Direct Debit Installment Agreement (DDIA). For taxpayers with unpaid assessments of $25,000 or less, the IRS will now allow lien withdrawals under several scenarios:

 

  • Lien withdrawals for taxpayers entering into a Direct Debit Installment Agreement.

  • The IRS will withdraw a lien if a taxpayer on a regular Installment Agreement converts to a Direct Debit Installment Agreement.

  • The IRS will also withdraw liens on existing Direct Debit Installment agreements upon taxpayer request.

  • Liens will be withdrawn after a probationary period demonstrating that direct debit payments will be honored.

 

Can all Liens be removed?
No, there are circumstances where the IRS and State will not remove a lien to protect their interest in collecting a tax liability.  If the lien is preventing you from paying off a tax liability or paying it faster, contact STC, we will review the facts to determine what options are available to help you.


Are the TV Tax commercials and claims from Boiler Room Tax firms true about removing leins true or just nonsense?
Common sense tells us that their claims are a case of exaggerated marketing claims missing the truth or purposeful misrepresentation of the facts.  We recommend you do your due diligence, educate yourself on the process, ask good questions, and check out the firm’s reputation.  Never pay a dime until you have reviewed it in writing.

At no cost or obligation to you, receive a FREE and CONFIDENTIAL CONSULTATION by calling us at 206-633-6089 You can also fill out an email form by clicking here but we suggest you take the quickest path towards your solution by calling. Take advantage of the 1-on-1 level of support that only a phone call can offer.
It's your first step to putting your tax problems behind you. Don't let worries of dealing with the IRS or State you into taking no action at all ... Get Help Now!

 

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