An IRS Lien is a legal claim against your property, including real estate, personal property, and financial assets, to secure payment of your tax debt. If you owe back taxes to the IRS, you may be at risk of an IRS Lien, which can have serious consequences on your financial life. IRS Liens can attach to your property, making it difficult to sell or refinance, and can even lead to foreclosure.

How IRS Liens Work

The IRS has the authority to file a lien against you if you owe unpaid taxes, interest, and penalties. The lien is filed with the county clerk’s office and is public record, alerting creditors and others that the IRS has a claim against your property. Once a lien is filed, it can remain in place for up to 10 years, and can be renewed if the tax debt is still unpaid.

Consequences of IRS Liens

IRS Liens can have severe consequences, including:

• Reduced credit score and financial reputation
• Difficulty selling or refinancing property
• Foreclosure and loss of property
• Attachment of wages and bank accounts

How OneTax Financial Services Can Help

At OneTax Financial Services, our team of experienced tax professionals will work with you to:

• Assess your tax situation and determine the best course of action
• Negotiate with the IRS to release the lien
• Develop a plan to pay off your tax debt and avoid future liens
• Represent you in front of the IRS and advocate for your rights