Federal Tax Liens in Tampa & Oldsmar

Federal Tax Liens, IRS Tax Lien Help, Tampa & Oldsmar

Hire a professional and take the stressout of taxes.

Federal Tax Liens, IRS Tax Lien Help, Tampa & Oldsmar

Hire a professional and take the stress out of taxes.

Federal Tax Liens, IRS Tax Lien Help, Tampa & Oldsmar

Hire a professional and take the stress out of taxes.

Federal Tax Liens

Federal Tax Liens can really make your life miserable! When your taxes are not paid, the IRS establishes a lien against all of your assets (especially real estate). 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 just one short step away from becoming the property of the United States Government.


Liens filed against you by the IRS also appear on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home. The banks don't want the extra work when the IRS comes in to take your money.


With a liens on your record, you can't get a reasonable loan to purchase a car. Consider paying 18-22% interest on a car that is already too expensive. You definitely cannot buy or sell any real estate. The list is endless.

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Beyond the Obvious: Unseen Implications of Federal Tax Liens in Tampa & Oldsmar

When you hear "Federal Tax Liens," you probably think about the immediate financial squeeze. But these liens can cast a much broader and longer shadow than many realise, affecting aspects of your life and business that aren't immediately apparent. We want to highlight some of these less-discussed impacts and how proactive action can help you avoid them.

Hidden Challenges and Strategic Solutions - IRS Tax Lien Help

Understanding the full scope of a Federal Tax Lien is the first step towards effectively managing it.


  • The Nuance of "Future Acquired Property": A Federal Tax Lien isn't just a claim on what you own today; it automatically attaches to almost any property you acquire in the future. This means if you start a new business, purchase a new home, or even receive a significant inheritance years down the line, the lien can attach to those new assets. This can complicate future financial planning and restrict your ability to grow wealth or secure loans, even if your current financial situation improves.


  • The Unseen Barrier to Business Growth: For businesses, a Federal Tax Lien can become a silent, yet powerful, barrier to expansion. Not only does it hurt your credit score, but it can also turn off possible business partners, investors, and even big clients. Before signing big contracts, companies usually do their research. A publicly filed Federal Tax Lien is a sign of financial trouble, which could cost you good opportunities and slow your growth. This impact goes beyond just securing a loan; it can undermine the very trust that underpins business relationships.


  • Estate Planning Complications: Did you know a Federal Tax Lien can complicate your estate planning? If you have a lien, it can pass with your property to your heirs, potentially creating a significant burden for them. This means your loved ones could inherit not just assets, but also the responsibility of dealing with an outstanding tax debt, even if they had no prior knowledge of it. Planning ahead is crucial to protect your family's financial future from the long reach of a Federal Tax Lien.


Navigating the intricacies of Liens demands a deep understanding of tax law and IRS procedures. Our seasoned team at Lions Tax and Accounting Group has decades of experience helping individuals and businesses deal with these complex situations. We can help you identify subtle impacts, explore every available avenue for resolution, and craft a tailored strategy to mitigate the effects of a Federal Tax Lien, allowing you to regain control and peace of mind.


For IRS Tax Lien Help in Tampa & Oldsmar you may click on the contact button below.

Federal Tax Liens, IRS Tax Lien Help, Tampa & Oldsmar

Frequently Asked Questions

  • What exactly is a Federal Tax Lien?

    A Federal Tax Lien is the IRS's legal claim against your property (including assets like real estate, vehicles, and financial accounts) when you owe back taxes and haven't paid them after demand. It's essentially a public notice to your creditors that the government has a secured interest in your assets. This lien protects the government's ability to collect the tax debt and gives it priority over other creditors in many situations, making it difficult to sell or transfer property without addressing the lien first.

  • How does a Federal Tax Lien impact my credit score?

    While Federal Tax Liens no longer appear on the three major credit reports (Equifax, Experian, and TransUnion) as of 2018, they can still significantly affect your financial life. Lenders and creditors often perform public record searches beyond standard credit reports. If they discover a Federal Tax Lien, it signals financial distress and can make it much harder to obtain new loans, mortgages, or even open new lines of credit, as it indicates a serious outstanding debt to the government.


  • How long does a Federal Tax Lien typically last?

    Generally, a Federal Tax Lien remains in effect for 10 years from the date the tax was assessed, which is known as the Collection Statute Expiration Date (CSED). However, this period can be extended under certain circumstances, such as if you file for bankruptcy, enter into an Offer in Compromise, or if the IRS takes collection actions like a levy. It's crucial to understand that even if the CSED passes, the underlying tax debt might still be collectible if the lien was refiled.

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