What to Do if You Receive a Notice of Federal Tax Lien?

Have you received a Notice of Federal Tax Lien from the IRS? This is a serious notice that you do not want to put off. There are many things that can happen as a result of a Notice of Federal Tax Lien. If you are not aware of what this letter means, how to address it, and what can happen you may end up disappointed and disgusted at the end result.

Simply put, a tax lien gives the IRS legal access to your property so they can get the money that you owe in taxes. In other words, if you do not pay what you owe the IRS will put a lien on your property to ensure that they get what you owe.

When will the IRS release a tax lien? Is this something that stays in place forever? Fortunately, you can get your lien released if you take the proper measures. The IRS will release the tax lien in the following circumstances:

1. By paying your tax debt, including any interest and penalties, the IRS will release your tax lien within 30 days.

2. If you submit a bond that guarantees that you will pay the money, your lien will be released within 30 days.

As you can see, the only ways to have a lien released is to either pay the IRS what you owe or show them that you plan on doing so in the near future.

You have the right to appeal a tax lien. The IRS is obligated by law to notify you within five days after the filing of the lien. This must be done in writing. The Notice of Federal Tax Lien can be mailed to your address, delivered in person, or left at your home. If you feel that there was a mistake you can ask the IRS to review your case. Additionally, you can request a Collection Due Process hearing as well. Once the hearing is complete you will receive a determination from the IRS. You will either learn that the tax lien is staying in place, or that it is being withdrawn or released.

If you have received a Notice of Federal Tax Lien from the IRS you need to deal with this situation right away. You can have the lien released by paying what you owe, or if you feel there was a mistake, you can start the appeals process. No matter what you decide on, make sure you do not take this lightly.

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