First off an IRS tax lien attaches to all of your assets.\u00a0 This includes homes, land, investments and vehicles.\u00a0 If you purchase assets after the tax lien has been filed, the lien will attach to future property as well.<\/p>\n
Second, tax liens have a negative impact on your credit score.\u00a0 Once the IRS files a Notice of Federal Tax Lien, your credit will be damaged and the lien will limit your ability to borrow from banks or get a credit card.<\/p>\n
Thirdly, if you are self-employed, the lien will attached to all of your business property.\u00a0 This includes accounts receivable.<\/p>\n
And finally, if you file a bankruptcy, the tax lien may continue to attach to your property.\u00a0 There are options here to get the lien removed after bankruptcy.\u00a0 This will require professional advice and action.<\/p>\n
May I suggest you contact Scott Allen E.A. if you live in Gilbert AZ as soon as a Notice of Federal Tax Lien has been filed against you?\u00a0 Scott Allen E.A. has expertise in minimizing, and in some cases eliminate the impact of an IRS tax lien.\u00a0 Scott can be reached at 480-926-9300.\u00a0 He offers a free consultation and will make your appointment a positive experience.<\/p>\n
– Scott Allen<\/a> – info@taxdebtadvisors.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" First off an IRS tax lien attaches to all of your assets.\u00a0 This includes homes, land, investments and vehicles.\u00a0 If you purchase assets after the tax lien has been filed, the lien will attach to future property as well. Second, tax liens have a negative impact on your credit score.\u00a0 Once the IRS files a […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,39],"tags":[55],"_links":{"self":[{"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/1940"}],"collection":[{"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=1940"}],"version-history":[{"count":0,"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/1940\/revisions"}],"wp:attachment":[{"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=1940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=1940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=1940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}