When you have an outstanding tax debt, the IRS has the authority to claim an interest in your valuable assets, including real estate, personal property, and financial holdings.
The implications of a tax lien can be detrimental to your business, creditworthiness, and future plans for retirement. However, you don’t have to face this challenge alone. At McCauley Law Offices, we specialize in tax lien matters and are ready to help safeguard your assets.
McCauley Law Offices has extensive experience dealing with tax liens on a daily basis. We will provide the guidance and expertise you need to protect your valuable assets.
Appeal with Confidence: If a tax lien has been filed against your property, you have the right to request a Collection Due Process (CDP) hearing with the IRS Office of Appeals within 30 days. Alternatively, you can ask your IRS manager to review your case. Having an experienced tax professional by your side significantly increases your chances of success in appealing the lien. With over 30 years of tax-specific experience, we have an in-depth understanding of the process and the IRS’s perspective. Trust us to provide effective representation during the appeal process.
Explore Your Options: Depending on your circumstances, there may be alternative solutions to address the tax lien. These options include:
Discharge: A discharge removes the tax lien on a specific piece of property. If you’re planning to sell, refinance, or use the property as collateral for another loan, you may qualify for a discharge.
Subordination: Subordination allows other creditors to take precedence over the IRS lien, making it easier for you to secure a loan or mortgage.
Withdrawal: A withdrawal eliminates the tax lien from public records, ensuring that the IRS doesn’t compete with other creditors for your property. You can request a withdrawal if your tax debt balance is $25,000 or less.
Every tax lien situation is unique, and it’s crucial to understand your rights and available options.
Take control of your tax lien situation.
A taxpayer’s plans to refinance their house took an unfortunate turn upon discovering an IRS tax lien on their property. The lien’s priority status deterred mortgage companies from proceeding with the refinancing, creating financial strain. At this critical juncture, the taxpayer reached out to McCauley Law office for guidance. Our attorneys skillfully navigated the situation, negotiating a lien subordination agreement with the IRS. This accomplishment enabled the taxpayer to refinance their property, saving them hundreds of dollars monthly on mortgage payments. For those grappling with federal tax liens, our attorneys offer valuable insights to explore feasible solutions.