When your taxes are not paid the IRS establishes a lien against all of your assets .This gives the IRS the legal right to collect taxes from the sale of your assets, which includes just about everything you own.
The lien can be against you, your spouse, or your company. A lien against your company would seize your accounts receivables. At this point everything you own is one step away from becoming the property of the United States Government.
Liens filed against you by the IRS also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, such as your home. The banks don't want the additional work when the IRS comes in to take your money.
We can negotiate tax liens so that you get a reasonable payment plan, or even reductions in your debt. Call us.