Bandura CPA, LLC

Bandura CPA, LLC

Certified Public Accountant

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What to do about a Lien?

The IRS or State may take money from your paycheck or bank account by garnishee or levy. We can often prevent this or have these removed so you can pay your bills. They may also place liens on your home and all other assets you own.  If you are presently dealing with or concerned about a levy, garnishee, or lien we can help.

Tax Liens can really make your life miserable! When your taxes are unpaid the IRS and/or the State files a lien against all of your assets. This gives them the legal right to collect taxes from the sale of your assets, which includes literally everything you own.

The liens may be filed against you, your spouse, or your company depending on how the tax liability was incurred. Everything you own is in jeopardy of becoming property of the government.

Liens filed against you show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home. If a lender is willing to approve a loan for you, the interest rate will be higher when a lien appears on your credit report. Think about paying 18-22% interest on a car that is already too expensive. Buying or selling real estate is likely out of reach as well.

Liens can be removed once the government is satisfied that you are compliant. Federal liens can even be erased from your credit report once certain criteria are met.

The IRS or State may take money from your paycheck or bank account by garnishee or levy. We can often prevent this or have these removed so you can pay your bills. They may also place liens on your home and all other assets you own.  If you are presently dealing with or concerned about a levy, garnishee, or lien we can help.

Tax Liens can really make your life miserable! When your taxes are unpaid the IRS and/or the State files a lien against all of your assets. This gives them the legal right to collect taxes from the sale of your assets, which includes literally everything you own.

The liens may be filed against you, your spouse, or your company depending on how the tax liability was incurred. Everything you own is in jeopardy of becoming property of the government.

Liens filed against you show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home. If a lender is willing to approve a loan for you, the interest rate will be higher when a lien appears on your credit report. Think about paying 18-22% interest on a car that is already too expensive. Buying or selling real estate is likely out of reach as well.

Liens can be removed once the government is satisfied that you are compliant. Federal liens can even be erased from your credit report once certain criteria are met.

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