Received a Federal Tax Lien? Here is the Way Ahead

December 8, 2016
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A federal tax lien is one of the last things you would want to receive as a taxpayer. Under a tax lien, the IRS claims the rights to the defaulter’s assets, such as real estate, bank accounts, and vehicles. The lien may even limit the taxpayer’s ability to get credit in the future. Taxpayers, who file for bankruptcy, may still have to continue paying the lien. If you too have received an IRS tax lien, here are a few things that you need to know to find your way out.

The Options at Hand

1. Pay Your Debt in Full

The quickest way to get rid of a tax lien is paying the outstanding debt in full. Once you have settled the outstanding tax debt, the IRS will release your lien within a period of 30 days. You can pay online directly through your bank account using your phone or mobile device and get an instant payment confirmation, too.

2. Discharge

“Discharge” helps remove lien from a specific property. Taxpayers may get a discharge of property from a federal tax lien under one of the Internal Revenue Code (IRC) provisions. Once the property is discharged, taxpayers need to sell it off and settle their tax debts.

3. Subordination

Subordination of a lien is different from the release of a lien. In the case of subordination of a lien, though the lien stays as is, its priority gets lowered as another lien against the same property gains priority over the lien in question. This means the other creditor gets the right to be paid before the tax lien gets paid.

4. Withdrawal

Under certain circumstances, you may request the IRS to withdraw the Notice of Federal Tax Lien issued in your name. The benefit of a lien withdrawal as compared to a lien discharge is that once withdrawn, the lien does not reflect on the taxpayer’s credit history, while it does reflect in the case of discharge.

Must Read: Tax Lien vs. Tax Levy: Examining the Differences

Last Few Words

Though there is an option to contact the IRS directly and request a lien removal, it is always advisable to seek legal professional help when dealing with issues as intricate as tax liens. If you have received a notice of federal tax lien or have any questions related to tax liens, please call The Law Office of Nick Nemeth and schedule a free no-obligation consultation with Nick personally. You can reach us at (972) 426-2553 or fill out our contact form and we will get back to you shortly.

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Tags: federal tax lien IRS tax lien

Brent Vahle

19:13 02 May 24

I called to see if they could help reduce some penalties and fees. The person I spoke with told me it might be counterproductive for them to take my case since their feels would likely equal the amount of penalty/interest abatement. I decided to pass on moving forward but was so happy to hear a legal team, or any business for that matter, who has that much integrity. I feel most others would likely try to take my money anyway. I hope I never have to go through this again, but if I do, I will definitely use the Law Offices of Nick Nemeth!

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18:44 02 May 24

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12:14 02 May 24

Great attorney who was able to provide quick and useful advice. Although my situation did not warrant their services, they still took the time to discuss solutions I could explore. I highly recommend visiting this office!

Tony Pantoja

12:57 09 Apr 24

Very professional and very knowledgeable, Jamie Flores was very straight forward and professional, a firm that doesn’t just take your money, Thanks

Carla Atwal

10:52 02 Apr 24

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Miguel Alvarado

15:56 25 Mar 24

By far the best attorneys I have ever worked with. They’re are very helpful and supportive from day one. They went above and beyond to make sure all my documents were submitted on time and gave updates as soon as they received them. I cannot name a single flaw in their work. Their team of assistants are very professional and seem to all be on the same page. I’ve made multiple phone calls and sent a ton of emails to their staff and they were able to help me all through the course of the case. I cannot express my gratitude enough for how excellent they handled my case.

Lucy Foy

06:55 19 Jan 24

My first appointment I had with, Tax Attorney Nick Nemeth, gave me such a sense of relief. He listened and gave me his professional advice, Mr Nemeth took my case. I was well kept updated, by phone calls and letters. That really impressed me and gave me so much confidence in them. The case went on for a couple of months. The day I received the call from one of his team members Kyle, informing me that the case was resolved and that I owed absolutely nothing to the IRS, I was overwhelmed with joy. I would recommend this law firm to anyone that needs help, with any tax issue. Thank you, to the Law Firm of Attorney Nick Nemeth and his team.

Bradley Runyon

20:17 13 Jan 24

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19:55 11 Jan 24

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R G

20:53 21 Dec 23

I had an incompetent tax preparer, who also ignored several notices from the IRS, which in the end resulted in a lien on my property. I did not know what to do and an attorney friend recommended that I contact the Nick Nemeth Law Offices. I met with Jamie Flores and Ivan Nalbantov in December 2021 for a free consultation, and right away was impressed by their thorough examination of my paperwork and extensive knowledge of IRS tax laws. I felt not pressured and appreciated their advice and in the end decided that I would pursue resolving the issue by myself. I paid the IRS Civil Penalty and, as recommended also submitted a letter to the IRS requesting a refund and explaining what happened. I am glad to report that my persistence finally paid off. My case took two years to resolve and I finally received a full abatement/refund check from the IRS in December 2023. I could not have done this without the straightforward recommendation of Jamie and Ivan; and I highly recommend the Nick Nemeth Law Offices to anyone needing help with the IRS.

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03:27 25 Jan 23

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03:44 14 Nov 22

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M W

00:33 07 Aug 22

I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.

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23:49 03 Aug 22

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19:44 12 Jul 22

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The Options at Hand

1. Pay Your Debt in Full

2. Discharge

3. Subordination

4. Withdrawal

Last Few Words

What Our Clients Have to Say

Proud to have received
“IRS Tax Lawyer of The Year, USA"
at FM Taxation Awards 2024

Dallas Office Address

Phone

Email

The Options at Hand

1. Pay Your Debt in Full

2. Discharge

3. Subordination

4. Withdrawal

Last Few Words

What Our Clients Have to Say

Proud to have received “IRS Tax Lawyer of The Year, USA" at FM Taxation Awards 2024

Proud to have received
“IRS Tax Lawyer of The Year, USA"
at FM Taxation Awards 2024