Discover the mechanics of tax liens and how the IRS utilizes these enforcement tools.
Federal tax liens and tax levies can cause serious damage to taxpayers already struggling with debt. This material will cover the mechanics of tax liens and when/how the IRS utilizes these enforcement tools. This material will also review options for dealing with liens: how to have them released, how to sell assets out from the tax lien, and when the IRS will agree to subordinate claims to a third party.
- You will be able to describe how a tax lien is created.
- You will be able to discuss how liens may affect parties other than the taxpayer.
- You will be able to explain how to mitigate the effects of tax liens.
- You will be able to recognize the difference between a lien and a levy.