It is no surprise that paying taxes can come as an overwhelming stress to most people and the consequences of not paying taxes can cause more stress.
If you are unable to pay a federal tax bill and do not set up a payment plan to successfully do so over time, the government has the right to try to collect the money on their own terms. They do so by filing a notice of a federal
tax lien with your local court, registry of deeds, or town hall; in essence, that tax lien places a claim on assets that you own (like your house, car, bank accounts or business assets).
If you are unable to pay the lien, your assets are at risk. The federal government has more power than other government bodies to collect from you for unpaid tax bills.
For more information about the specific tax lien and the risks associated with it, contact the Law
Office of Bardsley and Gray. With a free half hour phone consultation we can get the detailed
information to evaluate your specific situation.