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Tax Lien Removal Services in Bakersfield, CA
Tax liens are confusing and overwhelming for most people. Luckily, Tax Crisis Institute can assist you with your tax lien issues. For more than 30 years, Tax Crisis Institute has helped the citizens of Bakersfield get IRS tax lien help. Tax Crisis Institute is a family owned and operated business. This means that we take a personal interest in every customer’s circumstances, and understand that everyone’s situation is unique. By working with us, you’ll gain a better understanding of your tax lien situation, the consequences tax liens can have on your life, and how you can get your tax lien removed. The time to ask for help is now — reach us for tax lien help in Bakersfield at (661) 837-1100.
What Is A Tax Lien?
According to the IRS, “a federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the government’s interest in all your property, including real estate, personal property, and financial assets.”
In order for a federal tax lien to exist, the IRS puts your balance due on the books and sends you a bill that explains exactly how much you owe, and when it is due. A lien is created when you neglect or refuse to pay this debt by the deadline.
California state tax liens are recorded at the request of various governmental agencies. Like a federal tax lien, it is the government’s legal claim against your property when you fail or neglect to pay a tax debt.
The federal government will send you a bill directly stating how much money you owe, and when it is due before they issue a tax lien. This document is called the “Notice and Demand for Payment.” If you receive this document and still do not pay what you owe in full or by the deadline, the IRS or state agency then files a public document called a “Notice of Federal/State Tax Lien.” This document tells creditors that the government officially has imposed a lien on your property.
If you have received this notice, you need to contact Tax Crisis Institute in Bakersfield today. We can help you work through your IRS and state government tax liens. Do not delay in getting professional tax lien help and assistance — reach us today at (661) 837-1100!
How Does A Tax Lien Impact Someone?
Unfortunately, the reality is that tax liens can truly hurt your financial well-being. First, a tax lien will attach itself to every single asset you have. This includes any property, vehicles, homes, securities, or savings that you have can be confiscated and taken by the government.
Second of all, with a “Notice of a Tax Lien” on file in your name, it becomes incredibly difficult to open any type of credit.
The next way it will impact you is that your businesses and all of your business property and business accounts can be confiscated by the government.
Finally, the tax lien and the “Notice of a Tax Lien” can follow you even if and after you choose to file for bankruptcy.
If you’ve been served a Notice of a Tax Lien, you need to contact the Tax Crisis Institute in Bakersfield, California today. Our tax lien services and IRS tax lien services are the best in the business. Our experts can provide you with incredible tax lien help. Do not wait — contact Tax Crisis Institute in Bakersfield, California today! (661) 837-1100
How Can You Avoid a Tax Lien?
It is actually simple to avoid a tax lien. All you need to do is file and pay your taxes in full, on time. If you cannot pay your taxes in full, or know that you will not make the deadline, the best thing you can do is contact the Internal Revenue Service (IRS) and work with them. The IRS offers payment options and plans in order to help you settle your tax debt over time.
If you do not file and pay your taxes on time, please do not ignore the letters or correspondence from the IRS. Unfortunately, this is a mistake many people make. The problem will not go away just because you ignore the letter. It is highly beneficial for you to work with the IRS to create a payment plan that will help you settle your tax debt. The IRS is incredibly willing to work with people who are willing to cooperate and show responsibility for their taxes.
If you’ve found yourself under an IRS or state government tax lien, contact Tax Crisis Institute in Bakersfield, California today. Our team of experts can offer you IRS tax lien services in Bakersfield. At Tax Crisis Institute, we will help you navigate the murky waters of tax liens and help you come out on the other side. Trust Tax Crisis Institute in Bakersfield with your tax lien service needs. Contact us today at (661) 837-1100!
How Do I Get Rid of a Tax Lien?
The easiest and simplest way to get rid of a tax lien is to pay the money that you owe the government. Once your balance is paid in full, the IRS will release your lien within 30 days.
When certain conditions apply, and are in the best interest of both the government and the taxpayer, there are options available for reducing the impact of a lien. These options include:
Discharge of property – A discharge removes the lien from a specific property. There are several Internal Revenue Code (IRC) provisions that determine eligibility.
Subordination – Subordination does not remove the lien, but it allows other creditors to move ahead of the IRS, which can make it easier to get a loan or mortgage.
Withdrawal – A withdrawal removes the public Notice of Federal Tax Lien and assures that the IRS is not competing with other creditors for your property. You are, however, still responsible for the amount owed.
One key tool in getting rid of a Notice of Federal Tax Lien is called an Offer in Compromise. Accepting an Offer in Compromise removes all federal tax liens, which is unprecedented. In fact, the IRS has not done anything like this for more than 30 years. Tax Crisis Institute can help you explore all of your federal tax lien options. Reach us today at (661) 837-1100!
Tax Crisis Institute Can Help You With Tax Lien Removal Services
If you live in Bakersfield, California and find yourself in need of tax lien services, contact Tax Crisis Institute today for tax lien help. Our IRS tax lien help is top of the line, and helps get results for our clients. It is time to take action and move towards financial stability!
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