Contact Bentz Law Firm today to schedule a free consultation online or by calling Attorney Jessica C. Bentz at (312)641-2233.
IRS Debt Negotiations
Release from Liens When you don't pay your back taxes, the IRS can file a Federal Tax Lien. The lien is a public record on your property that shows you owe the IRS and gives them the right to seize the property before other creditors. If a lien is attached to your property, you cannot sell the property without a clear title. If you settle your tax debt to the IRS, the lien will be released within 30 days after full payment or right away if paid in cash or a cash equivalent.
What can I do if the IRS has issued a levy against my property? If the IRS has a levy against your property, they may seize your property to satisfy the tax debt. Before seizure of property, the IRS must make an assessment and demand for payment. If you fail to pay within the time stated on the notice, the IRS may begin enforcement proceedings.
The IRS can issue a levy against your property, including your house, your vehicle and your bank account. The levy gives the IRS the right to seize your property to pay your back tax debt. If a levy has been issued against your property, communicate as soon as possible with the IRS. Find out if you qualify for an Offer in Compromise, Installment Agreement or Currently Not Collectible status. If the seizure would cause severe hardship, you can request a Taxpayer Assistance Order to protect you. Contact Bentz Law Firm for a Free Consultation For more information on Obtaining or Re-negotiating a Payment Plan and other debt relief options call the Bentz Law Firm today to schedule a free consultation online or call (312)641.2233, extension 269.
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