When your taxes are not paid, the IRS establishes a lien against you. This includes all of your assets, especially real estate. This gives the IRS the legal right to collect taxes from the sale of your assets, which includes just about everything you own. As a premier tax consultant, we want to see each of our clients avoid this process by being proactive with their Batavia Liens.
The lien can be against you, your spouse, or your company. An IRS lien against your Batavia company will seize your accounts receivable. At this point, everything you own is just one short step away from becoming the property of the United States Government.
Batavia Liens filed against you also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home. Banks don’t want the extra work when the IRS comes in to take your money.
With a Federal Tax lien on your record, you can’t get a reasonable loan to purchase a car in Batavia. Think about paying 18-22% interest on a car that is already too expensive for your budget. You definitely cannot buy or sell any Real Estate. The list is endless.
Avoiding Batavia IRS Liens is crucial when dealing with any IRS issues. Jones, Savarese, Harrington tax accountants and tax advisors can guide you through this process with our many tax accounting services and our vast IRS issue resolution experience. Put our tax accounting team to work for you, creating a plan before the IRS steps in.