Filing back taxes can be a difficult process, often incurring costly penalties. We will work with you and/or your accountant to compile and file your delinquent returns, guarantees your taxpayer rights will be protected to the fullest. If you’ve recently received an IRS Notice of Tax Audit, The partners at Tax Relief, Inc., can also provide outstanding audit representation.
An IRS tax lien can have a devastating, long-term financial impact on you and your family. Once imposed, a tax lien not only limits credit availability, but also attaches to all current and future assets, including all rights to business property, and associated accounts receivable. Once more, filing for bankruptcy does not always wipe out your tax debt or liens.
There are, however, a number of ways in which to resolve an IRS-imposed tax lien. Full payment of your tax liability will result in the release of your lien within sixty days. A Discharge of Property allows your property to be sold free of the lien, and a Subordination may make it easier to get a loan or mortgage. Withdrawal removes the public notice and assures that the IRS is not competing with other creditors for your property.
The appeal process is very lengthy, often taking weeks and/or months to complete, and can be extremely difficult to navigate for those without the proper experience. A single mistake in a long series of required steps will invariably, result in the denial of your tax appeal.