Lifting the Burden: Understanding When the IRS Must Issue a Lien Release

Posted on 02/15/2023

Attention all business owners and individuals! Don't let the IRS wreak havoc on your financial stability. Are you facing the threat of having your hard-earned assets seized for unpaid taxes? The mere thought of it is enough to cause frustration and stress. But hold on, there's hope! With the right negotiation skills or a knowledgeable (tax attorney) by your side, you can find a solution to your tax problems and protect your assets. Keep reading to find out more about the steps you can take to resolve your tax debt and secure your financial future. 

When the IRS determines that you owe back taxes, they may issue a notice of lien, which is a legal claim on your property to secure payment of the tax debt. This means that the IRS has the right to seize your assets, such as your bank accounts, real estate, and other property, to collect the taxes owed. However, if you have made arrangements to pay your taxes through an IRS installment agreement or a garnishment of your wages, the IRS may be required to release the lien. An IRS installment agreement is a payment plan that allows you to pay your taxes over time, and a wage garnishment is a way for the IRS to collect taxes by taking a portion of your paycheck.

If you have entered into an installment agreement or have had your wages garnished, it is important to keep up with your payments. If you are in compliance with the terms of the agreement, the IRS will be required to release the lien within 30 days of the payment being made. If you are struggling to make your payments, it may be worth considering hiring a business tax attorney to help you negotiate with the IRS. An attorney tax company, like The Tax Law Firm of Charles A. Ray Jr., can help you find a solution that works for you, such as reducing your payments or negotiating a settlement.

If you have received an IRS notice of lien and are unable to pay your taxes, it is important to act quickly. The longer you wait, the more penalties and interest will accumulate, making it more difficult to resolve the situation. To make an IRS payment, you can visit the IRS website or call their toll-free number to set up a payment plan. If you are unable to make your payments, it is important to contact the IRS to discuss your options. Ignoring the situation will not make it go away, and the IRS may take legal action to collect the taxes owed, or seizure of your property.

Ultimately, if you want to lift the burden of an IRS lien, it can be achieved by negotiating with the IRS, hiring a tax attorney, or deciding to pay your taxes through an installment or garnishing your wages. It is important to act quickly and find a solution that works for you to avoid further penalties and interest. If you're ready to take control of your tax debt, consider reaching out to The Tax Law Firm of Charles A. Ray Jr. Our experienced team of tax professionals will provide you with the expert guidance and representation you need to achieve the best possible outcome. Contact us today at (202) 824-8123 or send an email to to start your journey towards financial freedom.