IRS Liens and Levies

The filing of a federal tax lien by the IRS can make your life miserable. There is a public record filed with the County Clerk in the county where you live or your business operates. An IRS lien is a filing on your property, usually real estate. It is essential to get this lien released in order to save the equity in your assets.

An IRS levy is a notice to collect taxes. This is usually an action taken against your bank accounts or your accounts receivable. The IRS will send a notice to your bank to withdraw the money from the account and send it to them. This will also include any money owed to you by your customers; their payments will not go to you, but instead to the IRS. This levy can create severe consequences affecting your money, and future income it is not released.