Pertinent Information Regarding a Federal Tax Lien

The Wisconsin tax lawyers at USAttorneys understand the struggle many face when it comes time to paying in on that taxable income. While the year flies by and you manage to keep hold of some of the earnings you may have made in 2015, having to pay back the IRS yet again often seems like a burden many would rather not face. The trouble is, in the event you decide you would rather refrain from paying the IRS what is legally due, chances are you are going to be faced with more than just having your wages garnished.

tax attorney in Wisconsin

Should you neglect to pay a tax debt to the IRS, you can be sure they are going to take measures into their own hands as they attempt to collect the funds you currently owe. Not only does the IRS hold the authority to swoop into your “secured” bank account and take hold of the money you work so hard to earn, but according to, they can place a “legal claim against your property,” which is known as a federal tax lien. Before the IRS will take this route, tax lien attorneys in Wisconsin remind you of three conditions that must stand before a lien is placed on your property.

The IRS must first put “your balance due on the books,” followed up with a Notice and Demand for Payment by sending you a bill that details what it is that you are expected to pay. The third condition in order for the IRS to proceed forward is that you “neglect or refuse to fully pay the debt in time.” Once a federal tax lien is placed on your property, a public document will be filed by the IRS where creditors would then have access to view this information and become aware that the government now has legal right to your property.

Wisconsin tax lien lawyers bring to your attention that in the event the IRS does place a lien on your property that you act fast seeing that the only way to remove this burden is to pay the entire debt within 30 days of being informed of it. There also three conditions your lien can fall under.

  1. Discharge of Property– This means the lien has been removed from your property.
  1. Subordination– This doesn’t mean the lien is removed, but is does allow “creditors to move ahead of the IRS.”
  1. Withdrawal– The public notice is removed and the IRS is no longer “competing with other creditors for your property.”

Having a tax lien placed on your property is quite the serious matter, especially if your home is one of those pieces of property as it plays a major role in your life. It provides you with comfort, protection, and shelter, which is why the Wisconsin tax lien legal representatives at USAttorneys urge you to seek legal support as this matter must be handled quickly and accurately. You may have options before your property is completely seized, therefore you must act fast.