Having a tax lien is a serious problem. It can affect your credit and your standing in the workplace should the tax lien become known. It can also be quite a burden should you be looking to sell your home, as the IRS will be first in line for payment from any proceeds on the sale. Managing the damage of a tax lien is something the tax attorneys, tax professionals and associates working with our firm take very seriously.
The CP 504 notice, or Urgent Notice, We Intent to Levy on Certain Assets, is the last in a series of CP notices informing the taxpayer of their existing tax liability. Before this, the IRS will have sent out: a CP-501, CP-502, CP-503 and a CP-504.
You typically have ten days to respond before the IRS puts a levy on your bank accounts or other assets. Your employer may be able to hold your funds for twenty days before the IRS gets to them, so call us now to sort it out immediately!
A personal account manager is assigned to you during this management process to guide you through and explain necessary information related to your account and tax lien, while steering you clear of the exhaustive details. If you need to lift the lien to sell your property, we can work to create a lien subordination, which is an incredibly useful legal tool to do this.
Meanwhile, your defense is being built on extensive research of your return and the items to be audited including any supporting documentation that supports our defense. Once the lien has been resolved, your assigned team will then work to remove it from any credit reporting agencies.
The tax attorneys and tax professionals on your team will aggressively defend your interest and work to release the lien has been representing taxpayers with outstanding IRS liens for many years. Even in instances where clients had to pay, they”ve been able to negotiate a reasonable settlement.
Don’t let fear ruin your best defense. Let us get you through this.
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