If a lien has been established against you, all of your possessions are at risk for becoming federal government property. A lien gives the IRS the legal right to collect taxes from the sale of your assets. This includes just about everything you own, especially real estate. A lien shows up on your credit report and often prevents 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. Think about paying 18-22% interest on a car that is already expensive. You definitely cannot buy or sell any real estate. The lien can be against you, your spouse, or even your business. An IRS lien against your North Aurora company will seize your accounts receivable. The list is endless.
JSH tax accountants and tax advisors can guide you through this process. We know that the IRS is ruthless. They will get their money in any way possible. That’s why we offer a wide variety of tax accounting services. Everyone’s lien situation is different so customized services are a must. You can count on our vast experience to remedy your IRS issues. Put our tax accounting team to work for you, creating a plan before the IRS steps in.