Tax lien : What will happen...
The IRS will try to make contact with you regarding unpaid taxes (a tax bill).
This will usually be in the form of a letter.
Ignore at your peril
If you ignore this letter (or refuse to acknowledge the owed taxes) then another notice will be sent or contact might be attempted via a phone call or even a visit.
If you have continued to ignore or have not taken the adequate steps to disagree with the requirements of full payment then the clock begins to tick.
Time waits for no one...
10 days may have passed since the IRS have made contact. This means you are under a 30 day assessment by which time an official Notice of Federal Tax Lien may be in place with the eventual outcome of a Tax Levy being applied to collect the debt via the selling off of your property or personal property.
Help is on the way
At no point during any stage is it too late to seek professional help with these matters. The moment you receive a notice, contact an adviser to establish what options are available to you.
From the perspective of our clients the ordeal can at first be overwhelming, troubling and deeply emotional when faced with a range of intricate complex issues. If you need help all it takes is one simple measure contact us.
Larry Bradford CPA has over 35 years experience and is well versed in such cases.
Larry Bradford CPA / ABV / CFF.
Tel: (512) 402-0049 Email: email@example.com