The Peck Group, LC - Tax Law
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Comprehensive Tax Law Representation Since 1995
We handle every aspect of tax law: preparing tax returns, representing clients during audits, resolving IRS and state tax controversies, and creating tax planning strategies for the future.

Getting out from under the tax lien cloud

| Oct 17, 2017 | Back Taxes Or Tax Debt |

If you are the target of a tax lien by the IRS, there are a lot of things you need to be concerned about. First is the question of how you will resolve the issue. Second is how you ensure that the record of the action doesn’t continue to haunt you long after the matter has been taken care of.

As we note elsewhere on our site, being subjected to a lien is a matter of public record. It goes into the files of the county clerk in Georgia where you work or live. A lien is also something that the major credit rating companies track. That kind of information can erode your credit rating and hurt your chances of ever digging out of the tax debt hole.

Indeed, even though the rating services are supposed to be doing more to make sure records are current, reflecting that a lien has been satisfied, released or withdrawn, the fact is that it doesn’t happen easily. About half of all resolved tax liens continue to hang over consumers and could remain on file with credit bureaus for a decade.

For the sake of the wellbeing of not just your business life but your home life as well, you need to be aware of any and all options that may be available to you to address tax lien issues. Failure to take action can stymie you from liquidating property, even if it’s to pay off the lien. Erosion of your credit rating can also make getting a loan for a home or car more difficult.

Whether a release, withdrawal or discharge of a lien is possible for you depends on the circumstances of your case and the experience of the legal counsel you work with. Each case is unique, and the Peck Group, LC. stands ready with a free initial consultation.

We insist that your taxpayer rights are protected and your options are known.

Our services are confidential and are protected under the attorney-client privilege as allowed by law.