Get Help If You Have a Lien on Your Home | Fairfax IRS attorney
When you owe back taxes to the IRS, they have the authority to place a lien on your property, including your home. A lien is a legal claim against your property to secure payment of the tax debt. This means that if you sell your home, the IRS has the right to collect the amount owed from the proceeds of the sale. Additionally, a tax lien may make it difficult to obtain financing or loans.
The Consequences of an IRS Lien
Credit Score Impact
As of April 2018, tax liens are not reported on your credit report and no longer have a direct impact on your credit score. However, having a tax lien on your home can still make it challenging to qualify for loans or lines of credit. Lenders may view you as a high-risk borrower and may be reluctant to extend credit to you.
Difficulty Selling Your Home
If you have a tax lien on your property, selling your home can be challenging. Potential buyers may be reluctant to purchase a property with a lien attached, and lenders may be unwilling to provide financing for the sale.
Limited Financial Flexibility
A tax lien can restrict your financial flexibility and make it difficult to access the equity in your home. You may be unable to borrow against your home or refinance your mortgage until the lien is resolved.
How a Virginia IRS Defense Attorney Can Help
Negotiating with the IRS
An experienced IRS defense attorney can negotiate with the IRS on your behalf to resolve the tax lien. They can explore options such as an offer in compromise, installment agreement, or lien release to address the tax debt and remove the lien from your property.
Appealing the Lien
If you believe that the tax lien was issued in error or that you have valid grounds for appeal, an IRS defense attorney can represent you in the appeals process. They can gather evidence, prepare legal arguments, and advocate for the removal of the lien.
Financial Planning and Strategy
An IRS defense attorney can help you develop a financial plan to address your tax debt and prevent future liens. They can provide guidance on budgeting, saving, and managing your finances to ensure that you remain in good standing with the IRS.
Litigation Support
In some cases, resolving a tax lien may require litigation. An IRS defense attorney can represent you in court, presenting evidence, arguing your case, and advocating for a favorable outcome.
Choosing the Right IRS Defense Attorney
When selecting an IRS defense attorney, it’s essential to choose someone with a proven track record of success in handling tax liens. Look for an attorney who focuses on tax law and has experience representing clients in similar situations. Additionally, consider factors such as reputation, communication style, and fees when making your decision. Contact the Sodowsky Law Firm today, we can help you deal with the IRS and get your matter settled.
Conclusion
Dealing with an IRS lien on your home can be a stressful and overwhelming experience, but you don’t have to face it alone. By hiring an experienced IRS defense attorney, you can have peace of mind knowing that your rights are protected, and you have a skilled advocate on your side. From negotiating with the IRS to appealing the lien and providing financial planning advice, our Virginia IRS defense attorney can make a significant difference in resolving your tax debt and protecting your home.
Contact the Sodowsky Law Firm today, we know how to deal with the IRS and can help deal with your IRS issue.
