IRS Seizure | IRS Tax Debt Help | Flat Fee Tax Service
Updated: Jun 15
IRS Seizure - Tax Debt Help - Protect Yourself From an IRS Seizure After a tax return is filed and the tax isn’t paid after the IRS has sent out their notices, which is a demand for payment, a federal tax lien usually arises. The IRS will file a Notice of Federal Tax Lien to protect the government’s right of priority against other parties who are owed money by the same person. A Federal Tax Lien puts other creditors on notice about the IRS’s claim.
By law a federal tax lien is in favor of the United States and is upon all property and rights to property of the person with the unpaid tax. The tax lien gives authority to the IRS to seize any proceeds from sales of real estate owned by the delinquent taxpayer. The best way in protecting yourself from an IRS seizure is to pay off your tax debt as quickly as possible. If the amount is too large to pay off all of your tax debt at once and if the tax lien has already been filed, you may want to consider hiring a tax professional to evaluate your case in order to determine the best course of action. This will help to minimize the IRS’ enforcement actions.You may be able to settle your tax debt.