Business Tax Liens

Business Tax Liens in Utah

If your Utah business owes taxes, the IRS may file a Federal Tax Lien against you. Call our Business Tax Attorneys today — business tax liens can severely impact your company's ability to operate, obtain financing, and complete commercial transactions.

How Business Tax Liens Differ from Individual Liens

Business tax liens present unique challenges:

• They attach to all business assets, including accounts receivable, equipment, inventory, and real property
• They can affect the business owner's personal assets as well, particularly if the business is a sole proprietorship or if personal guarantees exist
• They appear in public records, which can damage supplier relationships and customer confidence
• Commercial lenders typically will not advance funds to businesses with tax liens
• Factoring companies and other financial partners often terminate relationships when liens appear

Resolution Options for Business Tax Liens

Our attorneys work with business owners to explore all available resolution strategies:

• Full payment to obtain immediate lien release
• Installment agreements with lien withdrawal provisions for qualifying businesses
• Offer in Compromise to settle the debt for less than owed
• Lien subordination to allow refinancing or new financing despite the lien
• Certificate of discharge to remove the lien from specific assets so they can be sold

Protecting Your Business

The sooner you address a business tax lien, the more options you have. Waiting only allows interest and penalties to accumulate while your business's financial position worsens.

Call Michelle Turpin P.C. at (801) 685-0552 to discuss your options today.

This content is provided for informational purposes only and does not constitute legal advice.