At this point, everything you own is just one short step away from becoming the property of the United States Government. The lien can be against you, your spouse, or your company. An IRS lien against your Schaumburg company will seize your accounts receivable.
Schaumburg liens also show up on your credit report. They 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 Schaumburg. Think about paying 18-22% interest on a vehicle that is already a burden on your budget. You definitely cannot buy or sell any real estate. The list is endless.
Avoiding Schaumburg Liens is crucial when dealing with any IRS issues. JSH 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.