It is never easy to have to pay your tax lien back, but it is even harder to figure out what can a tax lien attorney do for you in your financial situation. If you are facing a tax lien, this article will tell you all you need to know about what your options are and how can they help you.
A tax lien is nothing more than an assignment of the tax lien rights from one person to another. This could mean you received a notice that you owe taxes on a property you own. There is no doubt that the IRS is responsible for collecting taxes on behalf of everyone. They have the right to take your property if you refuse to pay the taxes.
A tax lien has many implications for you. Firstly, they are responsible for collecting all back taxes due from you as well as any interest and penalties. These are some of the most serious consequences to a lien because the IRS is required to provide proof that the amount you owe them is correct. If they cannot provide the proof, then your lien is legally void.
Once your lien is broken, your only option to get your property back is to either sell it at auction or pay a debt collection agent to collect the delinquent taxes. This is the biggest pitfall of having a lien. The tax lien rights are usually set in place after the tax debt has been collected, and you will have to pay to recover those rights.
In addition to this, once you have a lien, the lien holder is able to take possession of the property and start eviction proceedings against you. This can be very dangerous for you. If you cannot afford to pay these legal fees, you could find yourself having your property taken from you for failure to make payment. Your home could also become a dumping ground for everything you own that cannot be sold for pennies on the dollar.
As I stated before, a tax levy attorney will help you with a tax lien. They are skilled in these cases and can help you through all of the steps of recovering your property.
When choosing a tax lien attorney, make sure they have a good track record. Find someone who specializes in this type of law. If you go with a lawyer who is general in his or her practice, it could very well lead you to bankruptcy court.
Tax lien laws can be confusing for anyone. However, if you choose a tax lien attorney who is skilled in this area and has the right knowledge of your particular circumstances, you could be in much better shape than if you chose someone who just did not understand the process. If you hire a professional from Hampshire, Illinois, he or she could very well help you save your home, property, and money.