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A lien is an action taken against you by the federal government by virtue of which they can liquidate your assets and property and acquire the resulting money for themselves in cases where you are unable to pay back your tax debts in the given timeline for any reason.
In this case, property or assets refers to all personal, financial, and even real estate assets. Furthermore, when a lien is officially filed against you, it becomes a matter of public record and this could tarnish your social reputation and also your professional aspirations, etc.
When a lien is filed, it will detail the amount of money you owe as debt to the government or the IRS in the precise time that it is imposed in a public document known as the Notice of Federal Tax Lien. This will basically serve to heed warning to any potential lenders stating that you owe the government money and that your assets may at any point in time be liquidated and acquired by the government. Not an ideal situation!
These records certainly don’t go under the radar. They are picked up by credit reporting agencies and guess what: your credit scores will most certainly take a bashing. This is when you need legal help. This is about the time the stuff should hit the fan in your life.
Good thing you are here at USAttorneys.com. This site is your digital outlet to secure a lawyer which you certainly need in your life right now. A tax legal representative will be able to work with the IRS and work out a deal so you can pay them off in an orderly manner before you lose your possessions and so on.
Generally, in The Gem State, tax liens may be filed against you within a period of just ten days after a demand is issued to you which instructs that you pay your tax debts that are stipulated right away.
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