Federal and State Tax Liens: Expert Resolution and Protection Services
A federal tax lien can have a significant impact on your property and financial future. When the Internal Revenue Service or state taxing authorities file a tax lien against your assets, it creates a public legal claim that can prevent property sales and complicate business operations.
Michelle Turpin P.C. represents Utah taxpayers and clients nationwide in resolving tax lien matters. Our team possesses over 100 years of cumulative experience exclusively practicing tax law, including former IRS Office of Chief Counsel experience.
Understanding Federal and State Tax Liens
A tax lien represents the government's legal claim against your property when you neglect or fail to pay a tax debt. The IRS typically files a federal tax lien after sending a bill for the amount owed and you fail to fully pay the debt within the prescribed timeframe.
Tax liens affect multiple types of property and assets — real estate, personal property, financial assets such as bank accounts and investments, and even future assets you may acquire while the lien remains in effect.
The distinction between tax liens and tax levies requires careful understanding. A tax lien secures the government's interest in your property as collateral, while a tax levy represents the actual seizure of property to satisfy the debt.
Impact of Tax Liens
Tax liens create substantial obstacles including:
- Complications with selling or refinancing property
- Difficulties obtaining financing for business or personal needs
- Damage to your ability to enter into new business relationships
- Public record that anyone can discover through records searches
Resolving Existing Tax Liens
Full Payment Resolution
Paying the tax debt in full is the most straightforward method for obtaining lien release. Once the IRS receives full payment, they typically release the lien within 30 days.
Installment Agreement Resolution
Installment agreements allow taxpayers to pay tax debts over time through monthly payments. Lien withdrawal may be available for taxpayers who enter into direct debit installment agreements and meet specific criteria.
Offer in Compromise Resolution
Offer in Compromise programs allow qualified taxpayers to settle tax debts for less than the full amount owed. Lien release typically occurs upon acceptance and completion of offer in compromise terms.
Property-Specific Lien Relief
Discharge of property from tax liens allows removal of the lien from specific assets. Subordination allows other creditors to gain priority over the tax lien for specific transactions, such as obtaining a refinancing loan.
Contact Us Today
Do not let tax liens destroy your financial future. Call Michelle Turpin P.C. now at (801) 685-0552 to schedule your confidential consultation.
Results vary by case. This information is not legal advice. Consultation needed for specific advice.