Finding out that a tax lien has been filed against your property is never something you want to hear. According to the IRS, a tax lien is automatically put into place if you do not pay your tax debt after receiving your first bill from the IRS. A Notice of Federal Tax...
A federal tax lien is the government's legal claim against a property when the tax debt is not paid. If the tax lien is not taken care of, a tax levy could come next. This means the property could be taken away in the form of wage garnishments, bank accounts...
Did you know that you might be denied a passport application or your current passport revoked if you have seriously delinquent tax debt? With the current law, the Internal Revenue Service (IRS) has the authority to certify any delinquent tax debt to the State...
What could happen if you don't pay your taxes? Payment of taxes is not a request, rather, it is a compulsive duty that must be adhered to. The IRS can be quite punitive if taxes due to the revenue collector are not remitted when they fall due. One way of ensuring...
A tax lien certainly can be a thorn in one's side. Either the federal or a state government can issue a tax lien. In some cases, even a more local authority can, as well. In short, a tax lien is a legal claim against your property when there is at least one type of...
Running a Massachusetts business means that a person has to pay attention to every cog turning to ensure operations run smoothly. Of course, without the right help, some entrepreneurs may miss something vital, including paying certain taxes. If this happens to a...
A lien, by definition, is a creditor's right to take a debtor's property until that individual's debt is paid off or discharged. A lien can be issued for any form of debt, including federal income taxes. Massachusetts residents who find themselves behind on their tax...
It would probably be safe to say that no Massachusetts resident wants to owe money to the IRS. A person's life can quickly become difficult with all of the power the agency has to deal with past due taxes. For instance, a tax lien can easily keep people who owe back...
Fortunately, the easy answer to that question is no. The IRS will not immediately file a tax lien against an individual who cannot pay his or her taxes. Boston residents who cannot financially meet this obligation may find a way to avoid such liens as the...
Imagine this: a while back, your business was having some cash flow problems and you got behind on your taxes. You weren’t able to make an offer in compromise or cover the taxes in the timeframe requested by the IRS, so they put a tax lien on your business...
