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.

If you don’t pay your tax debt, the IRS can file a tax lien, which is a legal claim to your property and personal assets.

This is different from a levy, which would mean the IRS is actually seizing the property. A tax lien shows other creditors that their interest in your property comes first. This Lien will affect your credit score and this is not good as a business owner.

Please be aware that tax liens on your business credit report can make it harder for you to obtain credit lines.

We at Goldman & Wise will explain in greater detail your best options to settle or resolve your tax lien when you contact our office.

Contact our office today at:

800.340.6023