TAX LIEN

When the Internal Revenue Service is unable to collect a tax debt, the IRS may file a lien to protect their interest. The lien is usually filed in the county where the IRS believes the taxpayer resides and/or is doing business. A tax lien can be extremely detrimental to a taxpayer's credit report. Further, since the advent of the internet, banks and credit institutions are alerted earlier to the financial problems of a business. Should the lending institution become aware of a tax lien it can result in their calling of a loan or an attempt to restrict additional credit..

Once a tax lien has been filed, the only way it can be discharged is if it has been fully paid, discharged in bankruptcy or if the statute of limitations expires.

If handled properly, an experienced advocate can prevent a tax lien from being filed. Even after a tax lien has been filed, an experienced advocate can have the tax lien subrogated and/or resolve issues that banks or credit institutions may have due to the filing of the lien. An experienced advocate can also facilitate the release of those tax liens that the IRS has failed to release after the expiration of the statute of limitations.

Should you have a tax lien filed against you or should you be concerned that a tax lien may be filed against you for back taxes, and want a free consultation, please e-mail me at helptax@nauticom.net or contact me at (412)364-6990 or (724)612-2993.

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Robert C. Tourek, Esq., LLM (Tax)
Legal Practice Concentrating on
IRS and Pennyslvania Tax Matters