Federal Tax Liens in New Jersey
Struggling with Federal Tax Liens in New Jersey?
When it comes to tax obligations, the Internal Revenue Service (IRS) is relentless in ensuring that individuals and businesses meet their responsibilities.
One of the tools the IRS employs to recover unpaid taxes is the federal tax lien.
What is an IRS Lien / Federal Tax Lien?
An IRS lien is a legal claim against a taxpayer’s property when they neglect or fail to pay a tax debt. This claim secures the government’s interest in all of the taxpayer’s property, including real estate, personal property, and financial assets.
It’s essential to understand that a lien is not a levy. While a lien makes a claim against assets, a levy actually takes the property to pay the tax debt.
How to Address Federal Tax Liens in New Jersey with Peter Marchiano, Jr., CPA
Pay the Debt in Full – The most straightforward way to get rid of an IRS Federal Tax Liens in New Jersey is to pay the tax debt in full. Once the payment is processed, the IRS will release the lien within 30 days.
Installment Agreement – If you can’t pay the debt in full, consider setting up an installment agreement with the IRS.
Offer in Compromise – This is an agreement between the taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed. If the IRS accepts your Offer in Compromise and you adhere to all the terms, the lien will be released.
Certificate of Discharge – In specific scenarios, you can get your property discharged from a lien. This means the IRS removes the claim from the particular asset, allowing you to sell it free from the lien. However, this doesn’t mean the lien is removed entirely; it still applies to other properties you might own.
“I had a very involved tax issue and my regular accountant assured me he could handle it. Big mistake! I was referred to Pete by a close friend, thank God for that! Pete immediately got involved and straightened out the situation.
Pete is one of the most knowledgeable and caring professionals I have ever had the pleasure of working with. I highly recommend Pete for any and all tax problems.”
Mark P. | New Jersey
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Federal Tax Liens in New Jersey?
Get Back on Track with Peter Marchiano, Jr., CPA
Don’t let federal tax liens disrupt your peace of mind. Contact Peter Marchiano, Jr., CPA today, and let’s work together to get your tax affairs back on track. Remember, taking action now can save you from more severe consequences in the future. Let our expertise be your guide to a stress-free tax resolution.
Expertise
As CPAs, we’re federally-licensed to represent taxpayers before the IRS, ensuring you have the highest level of expertise at your service.
Personalized Service
We understand that every taxpayer’s situation is unique. Our approach is tailored to meet your specific needs and circumstances.
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Dealing with unfiled returns can be stressful. We offer a judgment-free environment, ensuring your information is handled with utmost confidentiality and care.
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