Posted on
Sep
27
, 2017
IRS Tax Lien; IRS Lien Release; Federal Tax Lien

If you owe back taxes to the IRS, chances are the IRS has issued a federal tax lien against you. An IRS tax lien can ruin your credit score and prevent you from buying, selling, or refinancing property. If you owe back taxes, there are things that you can do to prevent an IRS lien from being issued, or get an IRS lien release against an existing lien. 1. Avoid the IRS Tax Lien-Pay the Balance in Full The easiest way to deal with a lien is to avoid one in the first place. If you have the ability, pay off the tax in full. This will not only avoid the issuance of a lien, but will also substantially reduce the amount of interest and penalties that you would otherwise pay on the tax debt. 2. Avoid the IRS Tax Lien-Balances Under $50,000 If you owe the IRS less than $50,000, you can request a Direct Debit Installment Agreement. This agreement requires you to allow… Read More

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