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3 Ways an IRS Tax Lien Can Cause Problems – Both At Work And At Home

A federal tax lien is the government’s claim against your property if you fail to pay or otherwise ignore a debt. A tax lien only occurs after the IRS assesses your liability and sends you a bill for how you much you owe–but you neglect to pay the bill in time. The best way to […]

How Does Your IRS Tax Debt Affect Your Credit Score?

Your credit score plays an important role in your life. It determines the interest rate you’ll have to pay on car loans, home mortgages, etc. In addition, insurers may factor in your credit score when they’re trying to decide your auto insurance rates. Potential employers might also check out your credit worthiness when making their […]

What Happens When an IRS Tax Lien is Placed on Your Property – and What Can You Do?

Being hit with an IRS Tax Lien is an anxiety- and stress-ridden event, but understanding the action can help you navigate the process. The process begins when the IRS files a Notice of Federal Tax Lien, and this notice goes on your credit. The result is that the lien essentially diverts any income coming to […]

What’s the Difference Between an IRS Tax Lien and an IRS Tax Levy?

The Internal Revenue Service uses two main approaches to recover owed taxes: IRS tax liens and IRS tax levies. Both actions can prove disastrous for taxpayers, but in different ways. If you owe taxes, and you are at risk of collection, it is important to gain an understanding of these tactics and how they may affect […]