Florida & IRS Lien Attorney
If you fail to pay your taxes, you owe a debt to the government. In order to reclaim this debt, the government has the right to issue a lien against you. A lien is defined by the Internal Revenue Service (IRS) as, “the government’s legal claim against your property when you neglect or fail to pay a tax debt.” Further, the lien “protects the government’s interest” in your property, including your personal property, your financial assets, and even your house. When liens exist against your property, like a house for example, you cannot sell or refinance it.
If you have a lien against you due to failure to pay back taxes to the IRS, contact the Florida liens attorneys of Ronald Cutler, P.A. for a free case consultation. We help businesses and individuals resolve myriad tax issues, and can guide you through what to do if a lien exists against you.
Understanding the Lien Process
A tax lien may exist against you after the IRS has assessed how much you owe in taxes, interest, and any fees, and provides you notice of this debt. If you fail or refuse to pay what the IRS requests, then a federal tax lien is executed. A lien can have major implications for your financial health, as a lien attaches to all of your assets and business property. A lien can also make it difficult for you to get new credit and loans, as well as sell existing property. Further, a federal tax lien may not be dischargeable, i.e. the lien will continue even after your bankruptcy case is settled.
How to Avoid or Remedy a Lien
Having a lien against you is one of the worst things that can happen to you from a financial standpoint. The best way to avoid a lien is simply to file your taxes accurately when required, and to pay all taxes owed.
Unfortunately, for many people, paying taxes is not possible because they simply do not have the financial resources to do so.
If you cannot avoid a lien, then you will want to remedy it as soon as possible. There are a few ways to get rid of a lien or/and reduce its impact:
- Payment of debt in full;
- Discharge of property;
- Subordination; and
How an Experienced Florida Tax & Lien Attorney Can Help
An attorney who is skilled in tax law can help you to understand the possible ramifications of a lien and how to mitigate the fallout, as well as repayment options. At the law offices of Ronald Cutler, P.A., we work for you. We pride ourselves on client satisfaction and personalized services, and will arrange our schedule to work with yours.
If you are ready to take back your financial power and escape the grip of the IRS, contact our law firm today. We serve cities nationwide, but our main office is in Daytona Beach. Call us today for a free consultation at 386-490-9949.