The IRS has filed a Notice of Federal Tax Lien against you in Chandler AZ
Chandler AZ Notice of Federal Tax Lien
A Chandler AZ notice of federal tax lien is a public document that warns creditors that the government has a legal claim against your property. The easiest way to remove the Chandler AZ tax lien is to pay it off. If you are able to pay off the tax debt the IRS will release your lien in 30 days. However, many taxpayers cannot pay off the tax debt. If the taxpayer could pay the tax debt, they would have paid it before the federal tax lien was filed.
Scott Allen E.A. is your best choice to review your options if you cannot pay off the tax debt. When it can be shown that a remedy is in the best interest of the US government and the taxpayer there are options to minimize the impact of a federal tax lien.
In summary they include:
- Discharge of property—This allows your property to be sold free of the lien. The proceeds will go towards the tax debt until it is paid in full.
- Subordination—This action does not remove the lien, but it does allow creditors to be put ahead of the claim against the asset which can make it easier to get a loan or mortgage. The proceeds of the loan or mortgage will be applied against the tax debt until it is paid in full.
- Withdrawal—This action removes the public notice of the federal tax lien and assures creditors that the IRS has no claim on your assets.
Contact Scott Allen E.A. if you live in Chandler AZ and if you want to get a clarification of what options are available to you. Scott offers a free consultation and can be reached at 480-926-9300. He will make your appointment a great day for you!