The Peck Group, LC
  • 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.

  • Problems With The IRS Or State Tax

    Our attorneys are committed to providing efficient and effective tax solutions for individuals and businesses in Georgia and nationwide.

  • Planning For The Future

    Our lawyers help individuals and businesses with all aspects of estate and tax planning. We help our clients use proactive strategies to minimize tax implications in the future

  • Changing The Balance Of Power

    Does it feel like the government has all the power? Taxpayers have rights, too. We use our knowledge of tax law to shift the balance of power and ensure that your rights are protected.

  • Tax Solutions … And Peace Of Mind

What should I do if I get a Notice of Federal Tax lien?

If you receive a Notice of Federal Tax Lien in the mail, do not throw it away. This letter is the IRS's way of letting you know that they mean business. Here's how it works:

If you neglect to pay your taxes, the IRS will create a balance due. They will then send you a bill--known as a Notice and Demand for Payment-- detailing exactly how much you owe. It will include a final deadline by which they must receive payment.

If, at this point, you still fail to pay your back taxes in time, then the IRS makes your negligence public. They will file a Notice of Federal Tax Lien. This type of lien can negatively impact you in multiple ways:

Personal property

When the IRS files a federal tax lien again you, they lay claim to all of your assets. If, for instance, you want to sell or refinance your home, you won't be able to do it until you pay your back taxes. If you continue to refuse to settle your tax debt, the IRS can seize any property you have--your home, your car, your business etc. This process is known as levying.

Financial security

In addition, the IRS will notify creditors of your tax lien. The lien will appear on your credit report and can lower your chances of getting a loan or mortgage. The lien--and tax debt--will follow you, even if you file bankruptcy.

The solution

Not surprisingly, paying off your tax debt will get rid of the lien. The IRS will release your lien within 30 days of receiving payment. However, even after your lien is released, it remains on your credit report as an item that has been paid off. You have the option of requesting that your tax lien be withdrawn from your credit report altogether, which effectively clears it from your financial record.

No Comments

Leave a comment
Comment Information
Email us for a Response

Talk to an Attorney

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

The Peck Group, LC
5855 Sandy Springs Circle N.E., Suite 190
Atlanta, GA 30328

Phone: 770-884-6914
Fax: 770-933-2369
Atlanta Law Office Map

Payment Cards