
If a Tax Lien is stopping you from selling a property, refinancing a property, or conducting business that would allow you to make payment(s) to the IRS, we can help you contact them in order to seek and facilitate their cooperation.
STATUTE OF LIMITATIONS
The IRS can assess taxes within 3 years from the tax return’s due date or the actual filing date, whichever is later. They can collect for 10 years after the assessment. However, this timeframe is tolled (extended) when:
- There is bankruptcy.
- There is an offer for an Installment Agreement (IA) or Offer in Compromise (OIC.)
- There is an agreement for an IA or an Offer for Compromise.
NOTICE OF FEDERAL TAX LIEN FILING
Letter 3172 informs you that a Federal Tax Lien has been filed within the past 5 days. It grants you the right to request a Collection Due Process Hearing (CDP) within 30 days if you believe the lien should not have been filed or should be removed due to financial hardship. If you request the hearing within 30 days, you also gain the right to have the U.S. Tax Court review the hearing’s decision if you disagree with the outcome.
NOTICE OF DEFICIENCY (also known as NOD, STAT NOTICE, 90 DAY LETTER)
This notice indicates that although no tax has been assessed, the IRS believes a specific amount is due. You have 90 days to dispute the tax and request a Tax Court hearing if the issue cannot be resolved. Attending Tax Court allows you to contest the debt before payment. If you submit your request after the 90-day period, you may dispute the debt in Federal District Court, but you must first pay the full amount and then seek a refund.
Contact Ira J. Metrick Today To Discuss Federal Tax Lien Resolution
If you are in need of assistance with a federal tax lien resolution, are facing foreclosure or a sheriff sale, or investigating your eligibility for a loan modification, or if you believe that your lender or their representatives have violated your rights, please contact our office today.
The post Contact Us For Tax Lien Assistance appeared first on Ira J. Metrick, Esq..