Rush Tax Relief – How to Avoid a Federal Tax Lien

Rush tax relief services can be extremely helpful if you or your business have an upcoming deadline with the IRS. As we discussed in our previous post, Rush Tax Relief – Federal Tax Lien, rush tax relief services can ultimately help to save taxpayers money if they are able to avoid the additional fees and penalties the IRS is preparing to add to their debt. 

One of the cases where you may want to consider rush tax relief services is if you have received a Notice of Federal Tax Lien from the IRS. In our previous article, Rush Tax Relief – Federal Tax Lien, we went into detail about what a Federal Tax Lien is, but it’s important to know what will happen if you don’t address it in a timely manner – the lien will turn into a levy, which will then give the IRS the ability to seize the assets the lien was placed against. 

And that’s why we’ll be covering how to avoid a Federal Tax Lien next.

Avoiding the Federal Tax Lien

According to the IRS’s page, Understanding a Federal Tax Lien, as of Dec. 21, 2020, “paying your tax debt – in full – is the best way to get rid of a federal tax lien. The IRS releases your lien within 30 days after you have paid your tax debt. When conditions are in the best interest of both the government and the taxpayer, other options for reducing the impact of a lien exist.” 

We will discuss these ‘other options’ in our next blog post, Federal Tax Lien Options. The same IRS page, as of Dec. 21, 2020, goes on to say that “you can avoid a federal tax lien by simply filing and paying all your taxes in full and on time. If you can’t file or pay on time, don’t ignore the letters or correspondence you get from the IRS. If you can’t pay the full amount you owe, payment options are available to help you settle your tax debt over time.”

If you have ignored or not responded to the letters or correspondence from the IRS, or are unable to pay all your taxes ‘in full and on time,’ you may want to consider rush tax relief services. Our team of rush tax relief specialists at Bullseye Tax Relief is available to help, and we offer a free consultation and transcript analysis for new clients!

On our Federal Tax Lien Service Page, we go into more detail about how to avoid a tax lien. “If you can pay the entire debt at once, this is typically the best option however, if you are having trouble paying the full amount of your tax debt due to financial stress, the IRS offers a multitude of payment options in order to avoid a lien.

Some options are:

• Applying for an installment agreement (IA)
• Applying for a Partial Payment Installment Agreement (PPIA)
• Filing for an Offer In Compromise (OIC)
• Filing for Currently Non- Collectible (CNC)”

These are the options we’ll discuss in greater detail in our next blog post, Federal Tax Lien Options! 

Sources

https://www.irs.gov/businesses/small-businesses-self-employed/understanding-a-federal-tax-lien