Berkshire Tax Resolution explains that a Tax Lien is often a taxing authority's first aggressive step at pursuing collection for the tax debt. A Lien is essentially a claim against the assets of a taxpayer who has a tax debt with the IRS or a State taxing agency and signals to all potential creditors that the taxpayer has this unpaid debt to the tax agency for the amount listed. Berkshire Tax Resolution would like you to know that the lien filing thus puts everyone on notice that all of the taxpayer's assets have a debt against them and if the taxpayer tries to sell or give those assets to anyone else then the taxing authority must release their lien or the new owner will only take possession with debt attached. Berkshire Tax Resolution thinks it is beneficial for you to know that the lien thus effectively acts as a roadblock if the taxpayer tries to dispose of any assets because the new owner would not get the asset free of the tax debt. The liens can be very bad for the taxpayer because they often will result in lenders refusing to loan to them or buyers that are unwilling to buy, explains Berkshire Tax Resolution.
The taxing authority will only release all Tax Liens once you have paid the debt, clarifies Berkshire Tax Resolution. Although the tax lien is a problem it is the more aggressive steps that a tax lien is a prelude to that a taxpayer should be most concerned with. Berkshire Tax Resolution points of that a tax lien is the first salvo of many attempts the taxing authority will take to actually collect the money that is owed for back taxes. If, however, you need to sell or transfer an asset that is attached by a tax lien there are several mechanisms that a tax resolution specialist can pursue for you and Berkshire Tax Resolution are experts at determining the best course of action to secure a lien release or subordination.
Berkshire Tax Resolution sheds light on the fact that these resolutions can include one or a combination of several resolution strategies. One of the most important things a tax resolution specialist can do as your representative is to stop the aggressive collection and give you time to consult with us about your case without fearing the aggressive collection action that these liens foretell. Once you are on the proper resolution path, Berkshire Tax Resolution can then ensure that the taxing authority releases the liens that you are entitled to have removed.
Berkshire Tax Resolution defines a wage garnishment as a specific form of levy and is often the most damaging for individual taxpayers. Berkshire Tax Resolution also defines a wage garnishment as a notice that the taxing authority sends to your employer and directs the employer to send a large portion of your pay check to the taxing authority. Berkshire Tax Resolution goes on to explain that the notice directs your employer to keep sending money from all of your future paychecks until the taxing authority directs otherwise.
These wage garnishments can be extremely costly and result in your inability to pay your mortgage, rent, car payment or even the most necessary of expenses, clarifies Berkshire Tax Resolution. If you have received a wage garnishment you should contact us and Berkshire Tax Resolution will review your financial situation and get the levy released so that you can afford to take care of yourself and your family.
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