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How to Manage an IRS Tax Lien

How to Manage an IRS Tax Lien


If you owe the IRS back taxes, there is a possibility that you could find yourself in a financial mess that could affect you months or years. If you have a tax debt, the IRS may place a lien on your assets that could make it hard to buy or sell property or obtain credit. Fortunately, there are ways to protect your assets by learning how to handle an IRS lien or to completely avoid one in the first place.

IRS Lien Basics

A lien is a security interest placed on your property by a creditor. So, when you owe the IRS money, it can place a lien on your assets as a security for the money that you owe. According to the IRS’s website, the lien protects the government’s interest in all of your property, including your real estate, personal property, and financial assets. Once a lien has been placed, the IRS files a public document in order to let creditors know that the government has a right to you properly.

How to Get Rid of a Lien

There are several ways to get rid of a tax lien, including the following:

  • Pay your tax debt in full. If you do this, the IRS will release your lien within 30 days.
  • File for a discharge of property, which will remove the lien from specific property.
  • Pursue subordination, which will put other creditors in a higher priority position than the IRS. This can make it easier to get a mortgage or a loan.
  • Request a withdrawal, which removes the public Notice of Federal Tax Lien and lets creditors know that the IRS is not competing with them for your assets

Whether these options are appropriate or available in your case depends on a variety of factors. The best way to determine how to proceed after an IRS lien has been placed on your property is to speak with an attorney immediately.

Contact an IRS Defense Attorney Today to Discuss Your Case

If you are facing a lien or any other adverse action by the IRS, you should speak to an attorney as soon as you can. To schedule a free consultation with tax attorney John Buchmiller, call our office today at (800) 261-6671 or send us an email through our online contact form.