A tax lien is a charge levied by the government on your land, which includes commercial properties and other capitals. It is only applicable for a citizen if they are behind on clearing the due of their income tax.
A tax lien can also be defined as a government warning before imposing a tax levy. The tax levy is the land’s direct seizure to fund the taxes due. Tax levies can entail lining up your salaries or seizing bank accounts and assets, making you run for professionals from a reputed tax resolution services company.
How to avoid tax lien?
To help you avoid such circumstances, we have enlisted a few ways which we hope will be able to help you avoid a tax lien in the future.
Just pay your bill on time.
Sounds a little too obvious? Well, that’s because it is.
Now, you might be thinking to yourself that you would not even be here if you had acted according to that advice beforehand. Well, consider it a reminder for next time. It takes lesser time, lesser money, and lesser effort to do that.
While you are trying to pay off a tax lien, you would have to pay your tax in full in addition to extra fees. Several ways can help you get out of the situation, but none of them work perfectly as reminding yourself to pay your bill in time.
How? We can shed some light on that for you.
There are only three things you need to get your hands on for this process to go smoothly.
- Firstly, you need the help of a third-party service provider.
- Next, you need an actively functioning credit or debit card.
- Finally, you need a bank account on which the lien has been levied.
An easy alternative to the third-party service provider would be the Electronic Federal Tax Payment System or EFTPS.
Lodge an appeal
You can seek a due process hearing from the IRS Appeals Office if you want a relation analysis or a levy notice.
However, if you happen to differ from the IRS employee's position on a fee or tax, you can arrange a meeting with the employee's boss and ask the Appeals Office to put your case on a review.
Subscribe to an IRS plan
Your tax balance will keep accruing interest and fees unless you decide to pay it off. However, there is one way you can persuade the IRA to exempt your public record of the federal tax obligation. This process is called a direct debit installment agreement. Here, all you have to do is give the IRS the green signal to deduct at least three consecutive installments directly from your bank account.
It is essential to mention that subscribing to this IRS plan cannot be deemed a one-fits-all option since you would still be required to pay your tax debt.
Need to file your income tax? Cannot think of ways of avoiding a tax levy? Well, Finish Line tax solutions, like its name, is hell-bent on providing their customers with the best tax lawyer in Dallas, TX. To know more about their services, call at (855) 950-2720.
- FinishLine Tax Solutions is a full-service, fully accredited tax resolution firm in Houston, TX, assisting companies and individuals nationwide in resolving tax problems with the IRS. We specialize in areas of back taxes such as IRS wage garnishments, IRS bank levies, and unfiled tax returns. Our team of experts comprised of licensed Enrolled Agents, CPAs, & IRS Tax Attorneys can assist you with IRS Audit Representation and Tax Planning. We are one of the leading tax resolution firms in the nation and your go-to tax relief firm that can take you to the Finish Line. Call us today to learn more about our tax relief process and tax resolution services.
- IRS AuditsNovember 17, 2023IRS Audit Defense Strategies: Your Guide to Navigating Tax Challenges
- File back taxesNovember 7, 2023Unlocking the Benefits of the Anchor Program: A Complete Guide to Tax Relief Solutions
- IRS Hardship ProgramOctober 18, 2023Understanding the IRS Hardship Program: A Lifeline for Taxpayers in Distress (H1)
- tax relief servicesOctober 3, 2023How to Deal with Back IRS Taxes: Practical Tips and Solutions