calculator and tax papers on desk

Federal Tax Liens

Orlando Attorney for Federal Tax Liens: What You Need To Know

If you have recently received documentation that you may be subjected to a federal IRS bank lien, you still have options available to you but it is necessary to act quickly in order to protect your individually held assets or your business. You need someone who will forcefully defend you against IRS actions including levies and tax liens. The IRS maintains two very powerful tools at their disposable, tax levies and liens and garnishment. If you have had a tax efficiency set against you, one will be attached to all of your real and personal property.

The IRS can then take your tax refunds, bank accounts, income, and assets to satisfy the debt. After your deficiency has been identified, the IRS could put a lien on all of your personal and real property. This includes any properties managed by a third party such as rental income, alimony payments and more.

How a Federal Tax Lien Affects You

The IRS can levy or sell those properties to keep those proceeds. The IRS could also maintain the option to furnish any tax refunds and your income. Since IRS tax liens are a matter of public record, you will want to take action sooner rather than later to protect your best interests. After you have received notice of your IRS tax levy or lien, you have a limited number of days to file a collection due process hearing, an internal appeal within the IRS.

  • You have to respond to every notice you receive. If you do not respond to a notice you receive, you have missed the chance to file an appeal, you have zero protection against their collection activities. You need a lawyer in Florida who will take immediate steps to help prevent levies, secretly submitting liens, and stop collection activities.
  • The most effective way to discontinue collection activity from the IRS is to become compliant immediately. But this does not always mean that you have to pay the tax liability in full. You may be able to resolve your tax debt for lower than the total amount owed. After you have gotten notice of a pending collection action, you need an experienced Florida tax levy lawyer who can evaluate your individual circumstances and identify a potential strategy for your future.
  • Having a Florida Tax attorney at your side is the only way to figure out what is most appropriate in protecting your interests and this is an action you should take sooner rather than later to empower you with the necessary steps to protect your future.

Call our office today and speak to experienced Orlando Tax Lien attorneys.