Tax Liens and Bank Levies

Tax liens and bank levies can drastically affect your financial stability. The IRS has the authority to place liens on your assets, such as real estate, which can complicate your ability to borrow against or sell your property without settling your tax debt first. Additionally, if a bank levy is issued, the IRS can freeze the funds in your bank accounts up to the amount you owe and then take those funds to satisfy your tax liability.

We are committed to negotiating with the IRS to either release or reduce these liens and levies, helping you regain control over your finances. If your bank accounts have been levied, it's crucial to seek assistance immediately, as your financial institution will only hold the funds for 21 days before transferring them to the IRS. Contact us today to address these issues and restore your financial peace of mind.

How We Help 

  1. Removing Tax Liens:

    • Negotiate with the IRS: We work directly with the IRS to either pay off the debt or negotiate payment terms that result in the lien being removed.

    • Lien Withdrawal: If you meet certain conditions, we may help you qualify for lien withdrawal, which removes the lien from public record and protects your credit.

    • Subordination: We can also negotiate lien subordination, which allows other creditors (such as mortgage lenders) to take priority over the IRS, making refinancing or selling property easier.

  2. Stopping Bank Levies:

    • Immediate Action: Time is critical with bank levies. We move quickly to either halt the levy or release frozen funds by negotiating with the IRS.

    • Installment Agreements: By setting up an installment plan, we can often get the IRS to release the levy and stop future levies from being issued.

    • Offer in Compromise: In some cases, we can settle your tax debt for less than you owe through an Offer in Compromise, lifting the levy and preventing future collections.

  3. Penalty Relief:

     If penalties are a significant part of your debt, we may be able to help reduce or eliminate them through penalty abatement, further easing the financial burden.

  4. Protection from Future Levies:

     Once the immediate threat of a levy is lifted, we provide ongoing support to ensure you remain in compliance with the IRS and avoid future levies or liens.
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Let Federal Tax Law Group Help!

No matter how big or small your tax matter, We have the knowledge and experience to handle your legal needs and to represent you!