How to Respond to a Tax Lien Notice Tel: 877-485-8272  www.safeharborfc.com The Help You Need. The Results You Expect. p r...
Tax Lien Notices <ul><li>What is a tax lien? </li></ul><ul><li>When you're facing a tax liability and you can't resolve it...
How to Respond a Tax Lien Notice Recent reports show the IRS has been increasing the use of Federal Tax Liens to assist in...
How to Respond a Tax Lien Notice <ul><li>TIP 1: Do not delay or ignore it. </li></ul><ul><li>May seem obvious, but it is t...
How to Respond a Tax Lien Notice Tip 2: Confirm the lien is valid and accurate Once you've received a notice, you should c...
How to Respond a Tax Lien Notice <ul><li>Tip 3: Research your appeal or withdrawal options </li></ul><ul><li>If you have s...
How to Respond a Tax Lien Notice <ul><li>Tip 4: Determine if you can pay off the tax debt </li></ul><ul><li>The fastest wa...
How to Respond a Tax Lien Notice Tel:  877-485-8272 Learn more, visit   www.safeharborfc.com ©  2011 Safe Harbor Financial...
How to Respond a Tax Lien Notice <ul><li>If you don't know what to do, contact a tax professional. </li></ul><ul><li>It ma...
Who we are? Safe Harbor Financial Consultants, LLC BBB A+ rated tax resolution firm BBB complaint-free awards for 2009 and...
What we can do for you? <ul><li>Our experts will determine the best resolution for you to get your tax lien lifted or rele...
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How to deal with tax liens

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Struggling with how to respond a tax lien notice? Get professional advices from our taxes experts now, BBB A+ rated.

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Transcript of "How to deal with tax liens"

  1. 1. How to Respond to a Tax Lien Notice Tel: 877-485-8272 www.safeharborfc.com The Help You Need. The Results You Expect. p r e s e n t e d b y
  2. 2. Tax Lien Notices <ul><li>What is a tax lien? </li></ul><ul><li>When you're facing a tax liability and you can't resolve it within a reasonable amount of time, the tax authorities file tax liens (or tax warrants in some states) as an escalating step in the collections process. </li></ul><ul><li>Facts: </li></ul><ul><li>Credit score and credTax liens are public records </li></ul><ul><li>it lines can be adversely affected </li></ul><ul><li>A tax lien is not the final step in collections </li></ul><ul><li>IRS is required to send you a tax lien notice, if you received one it is in your best interest to act quickly. </li></ul>Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.
  3. 3. How to Respond a Tax Lien Notice Recent reports show the IRS has been increasing the use of Federal Tax Liens to assist in the collection of back taxes. !!! There are five things you should know about how to respond a tax lien notice. To ensure that you have the best possible outcome, follow these initial steps in getting your tax problem resolved. Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.
  4. 4. How to Respond a Tax Lien Notice <ul><li>TIP 1: Do not delay or ignore it. </li></ul><ul><li>May seem obvious, but it is the most important step. </li></ul><ul><li>Facing up to a back tax issue can be stressful, but not dealing with a tax problem is only going to make the situation worse. The interests and penalties can add up to 50% of your original debt. </li></ul><ul><li>If you receive a request or notice from the IRS or state, it is important you are responsive </li></ul><ul><li>Get in contact with the Internal Revenue Service or State taxing authority first </li></ul><ul><li>You can easily get in touch with them directly or use a tax resolution expert to take care of the communications for you </li></ul>Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.
  5. 5. How to Respond a Tax Lien Notice Tip 2: Confirm the lien is valid and accurate Once you've received a notice, you should contact the taxing authority and verify the lien. Do you owe taxes? Do you owe for the type of taxes listed on the lien? Do you owe the amount of taxes? ...... We know of a restaurant who was sent a bill from the IRS for excise taxes for tanning beds. Don’t just assume that the lien is correct. Verify your records and compare to the taxing authority that what they indicate you owe, you actually owe. Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.
  6. 6. How to Respond a Tax Lien Notice <ul><li>Tip 3: Research your appeal or withdrawal options </li></ul><ul><li>If you have sufficient proof, a reasonable cause, or other mitigating circumstances (such as a bankruptcy) you may qualify to appeal or even have the lien withdrawn completely. </li></ul><ul><li>In certain instances the IRS may allow a temporary lift of a lien, often when it is in the best interest of both you and the IRS, such as selling property to use the funds to pay the tax debt. </li></ul><ul><li>Many individuals (and occasionally some less scrupulous tax attorneys) will file an appeal in error and doing so can make tax relief more difficult by extending certain statutes of limitations. </li></ul>Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.
  7. 7. How to Respond a Tax Lien Notice <ul><li>Tip 4: Determine if you can pay off the tax debt </li></ul><ul><li>The fastest way to release tax liens is to pay the tax debt . </li></ul><ul><li>If you have the means available, often the best option available may be to make a full payment of taxes debt immediately; </li></ul><ul><li>If you need to sell assets in order to help pay the tax debt, the IRS will often work with you to release the lien; </li></ul><ul><li>Depending on the amount of the tax lien you may want to consider your credit or loan options because you will often pay less to a bank or lending institution then you will the Internal Revenue Service or State taxing authority on a payment plan. </li></ul>Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.
  8. 8. How to Respond a Tax Lien Notice Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved. Tip 5: Establish your tax debt solution and follow through Whatever your solution may be, the final step is to keep up with the process. Get your paperwork in on time. Make all deadlines you establish with the taxing authority and provide your paperwork in a method that is verifiable (you don't want your records getting lost in the mail.) Even though you may have worked out a method of resolving your tax debt, there is often a lot of paperwork and communication that needs to be continued.
  9. 9. How to Respond a Tax Lien Notice <ul><li>If you don't know what to do, contact a tax professional. </li></ul><ul><li>It may feel like you are stuck with no options when you have a tax debt. </li></ul><ul><li>While the Revenue Officers likely have this information too, you can't always expect them to give you the answers (remember, their job is to get the debt paid in full as fast as possible.) </li></ul><ul><li>It's entirely feasible that a person or business can fulfill these responsibilities on their own, but a good tax resolution expert should be able and willing to take care of these items at a reasonable cost. </li></ul><ul><li>A qualified expert should know the options available in your situation and what method will best absolve the debt and get the tax lien released. </li></ul>Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.
  10. 10. Who we are? Safe Harbor Financial Consultants, LLC BBB A+ rated tax resolution firm BBB complaint-free awards for 2009 and 2010 Experienced tax professionals Helped thousands of tax payers just like you We listen and we care Unlike any other tax representation company out there, We concentrate on our clients first and the bottom line second. Tel: 877-485-8272 Learn more, visit www.safeharborfc.com © 2011 Safe Harbor Financial Consultants LLC. All rights reserved.
  11. 11. What we can do for you? <ul><li>Our experts will determine the best resolution for you to get your tax lien lifted or released </li></ul><ul><li>We help you arrange a solid, long-term strategy for resolving your tax debt </li></ul><ul><li>Determine if you qualify to settle your debt or establish an affordable tax payment plan </li></ul><ul><li>Protect yourself from levy, garnishment or other types of seizure from the government </li></ul><ul><li>No more calls or visits from revenue officers </li></ul><ul><li>If you have any questions, contact us today! </li></ul><ul><li>Toll-Free: 877-485-8272 or </li></ul><ul><li>Visit www.safeharborfc.com </li></ul>© 2011 Safe Harbor Financial Consultants LLC. All rights reserved.
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