Tax Debt Advisors—How does an IRS tax lien affect my credit score?

You will notice your credit score nosedive significantly once the IRS files a tax lien against you in Scottsdale AZ.  It is much easier to prevent a tax lien than getting one removed after the fact.  Also, once a tax lien is filed your credit will be damaged even if the IRS releases your tax lien.  If you are seeking a loan and you have a Scottsdale AZ certificate of IRS lien release, most banks will give you a loan but you may still have to pay a higher interest rate simply because the lien was filed in the first place.

Once a lien has been filed, your only real option is to take the matter to the IRS Office of Appeals.  The first question the Appeals Office will ask you is why you didn’t you file an appeal before the tax lien was filed.  And you better have a good reason.  Ignoring IRS notices until you want something is not the best way to win friends and influence people at the IRS.

Some IRS options will either eliminate the tax lien (Offer in Compromise), or eliminate the tax debt and possibly the tax lien (Chapter 7 Bankruptcy).  Scott Allen E.A. of Tax Debt Advisors has the expertise to minimize the negatives of having an IRS problem.  He is available for a free initial consultation and can be reached at 480-926-9300.

taxdebtadvisors.com