When the IRS does not receive some portion of the taxes owed to them (including interest or fees associated with this tax debt), it may impose tax liens on the people who owe this money as security or payment for the outstanding debt.

Denver Tax Attorney   IRS Tax Liens

While IRS tax liens are distressing, a Denver tax law attorney at Goldman Law can help you resolve your federal tax lien and related tax debt as favorably as possible.

While IRS tax liens are serious matters that can be both psychologically and financially stressful, people facing these liens should know that:

  • They should not ignore any notices of IRS tax liens, nor should they try to resolve the matter on their own with the IRS.
  • They have options for getting the federal tax lien released.
  • Working with a Denver tax law attorney at Goldman Law, LLC will be their best option when they are ready to resolve their tax issues as favorably and efficiently as possible.

Important Information about IRS Tax Liens

A number of issues can arise when IRS tax liens are assessed against a person. The following is an overview of just some of the important information that people should know about these tax liens:

  • Notice of IRS tax liens are sent after the IRS has assessed the tax liability – After the IRS has reviewed the specifics of a person’s tax liability, it will send an official “Notice and Demand for Payment” to the person who owes the IRS taxes. This Notice will detail the amount owed, including any interest or penalties that have been assessed for the back taxes.A person will then have 10 days (after receiving this Notice) to pay the amount owed or resolve the issue in an acceptable way. If neither of these actions is taken, a tax lien for the amount owed will be levied against the individual.
  • This Notice can be sent to all of a person’s creditors – Sending a copy of the Notice to all of a person’s creditors is the IRS’ way of establishing its priority over other creditors to a person’s property – especially if a person is in the process of filing for bankruptcy and/or liquidating his assets.Here, it’s important to point out that IRS tax liens (once in effect) can impact a person’s credit. This means that, if a person doesn’t resolve his tax issues and an IRS tax lien takes effect, this lien will appear on a person’s credit report if or when he goes to apply for a loan, a credit card or make a large purchase in the future.
  • Releasing the lien can be achieved through a few different courses of action – Getting an IRS tax lien released can be achieved by paying off the full amount of the tax debt or by submitting a bond to the IRS that guarantees the payment of the debt in full.Once a tax debt has been satisfied, the lien will be released within 30 days; if the tax debt has not been satisfied, then the lien may automatically be released 10 years after the date on which it was filed (if the IRS has chosen not to refile the lien).
  • It may be possible to get the federal tax lien discharged – Discharge of IRS tax liens can be granted when people no longer own the property against which the lien has been placed. For instance, if a federal tax lien exists for a person’s home and the home ends up being sold, then the individual can apply for a Certificate of Discharge.

People may also appeal the filing of a lien, make a federal tax lien secondary to other liens or take other actions with regards to these liens, depending on their situation. Therefore, it’s crucial to work with an experienced Denver tax law attorney at Goldman Law, LLC to ensure that the best course of action is pursued to resolve a federal tax lien and the associated tax debt.

Denver Tax Law Attorney at Goldman Law, LLC

If you have received notice that the IRS plans to file a lien against you, don’t try to resolve this complicated situation on your own. Instead, contact a trusted Denver tax law attorney at Goldman Law, LLC.

At Goldman Law, LLC, we know how distressing a federal tax lien can be, and we also know how to stand up to the IRS and effectively protect our clients to ensure they are able to obtain the best possible outcomes to their cases.

Contact Us

To receive a professional case evaluation, contact us by calling (303) 656-9529 or by emailing us using the contact form on this page. From our offices in Denver, we serve clients throughout Colorado.