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TAX LEVIES & LIENS

Summary
Tax Levies & Liens
Service Type
Tax Levies & Liens
Provider Name
Dilendorf Law Firm,
60 Broad Street,New York,New York-10004,
Telephone No.212.457.9797
Area
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Description
When our clients are facing a tax levy or tax lien, the attorneys at Dilendorf Law Firm can prepare a legal defense against the IRS to protect their legal rights and financial liquidity.

When our clients are facing a tax levy or tax lien, the attorneys at Dilendorf Law Firm can prepare a legal defense against the IRS to protect their legal rights and financial liquidity.

It seems there is considerable confusion among taxpayers over the differences between tax levies and tax liens, particularly the impact one or the other might have on assets and creditworthiness.

Summary
Tax Levies & Liens
Service Type
Tax Levies & Liens
Provider Name
Dilendorf Law Firm,
60 Broad Street,New York,New York-10004,
Telephone No.212.457.9797
Area
Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Description
When our clients are facing a tax levy or tax lien, the attorneys at Dilendorf Law Firm can prepare a legal defense against the IRS to protect their legal rights and financial liquidity.

ATTORNEYS' EXPERIENCE

Represented a foreign private fund in connection with the corporate and tax structuring of their investment in commercial real estate project in NYC by utilizing beneficial tax treaty provisions, and combination of debt and equity

What is a Federal Tax Levy?

A tax levy is the legal seizure of a taxpayer’s property in order to satisfy an outstanding tax debt. While levies are not the same as liens, a levy has a more direct impact on personal property in that it allows for the immediate seizure of that property to settle a tax debt.

Many individuals are unaware of collection alternatives or they wait too long to see legal help after receiving a Final Notice of Intent from the IRS (also known as Letter 1058 or Notice LT11). This letter, which could be considered a final warning from the IRS, allows taxpayers the opportunity to request a due process hearing for the debt and potentially avoid the tax levy. However, in order to avoid losing the right to appeal, it is important to act quickly upon the receipt of this letter by requesting a hearing.

What is a Federal Tax Lien?

When the IRS has assessed a tax against an individual, they will send a Notice of Demand for Payment. Failure to pay this bill in full by the demand date will result in the IRS filing a Notice of Federal Tax Lien against that individual. This action will put other creditors on notice about the government’s legal right to the debtor’s property; as well as all property and assets acquired thereafter. Because a tax lien is a public filing, it also impacts the taxpayer’s credit score. Like a tax levy, appeals can be filed under the collection due process provision, or under the CAP program if that Tax Lien has not filed.

An IRS Tax Lien may can be removed in the following ways:

  • Paying the liability in full should result in the release of the lien within 30 days
  • Filing an application for a Certificate of Discharge, which can remove a specific piece of property from the lien.
  • Applying for a Certificate of Subordination, which can make it easier to get a mortgage or other loan on a property in which the IRS has interest.
  • An application for Withdrawal of the Notice of Federal Tax Lien could also result in the removal of any public notice about the tax lien filing.
  • The Fresh Start Initiative is another option which our tax attorneys can explain in full.

Avoiding a federal tax lien or levy will be easier if all taxes are paid in full and on time. At the very least, one should never ignore a letter of correspondence from the IRS. Legally, there are plenty of options available to help resolve and avoid the collection of tax liens and levies.

An experienced tax attorney at Dilendorf Law Firm will explain the taxpayers’ rights regarding the enforced collection actions taken by the IRS, and help our clients avoid the financial implications of such actions.

Resources:

 

 

Summary
Tax Levies & Liens
Service Type
Tax Levies & Liens
Provider Name
Dilendorf Law Firm,
60 Broad Street,New York,New York-10004,
Telephone No.212.457.9797
Area
Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Description
When our clients are facing a tax levy or tax lien, the attorneys at Dilendorf Law Firm can prepare a legal defense against the IRS to protect their legal rights and financial liquidity.

For more information about our Tax Lien services,

please contact Dilendorf Law Firm by sending an email or calling us at 212.457.9797

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