IRS 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 step away from becoming the property of the United States Government.
Liens Filed Against You By IRS
Liens filed against you by the IRS also show up on your credit report. This often prevents you from opening a checking account or borrowing against any assets, like your home. The banks do not want the extra work when the IRS comes in to take your money.
With a Federal Tax lien on your record, you can't get a reasonable loan to purchase a car. Think about paying 18-22% interest on a car, which is already an expensive purchase. You definitely cannot buy or sell any real estate.
The list is endless.
Contact Us to Release Tax Liens
Akram & Associates is here to help. Call us toll-free at 844-386-3829, or use the form on this page to schedule a free consultation.
Best Accounting Firm | Start-up & Emerging Funds
Akram is a winner in the Hedgeweek Americas Awards for consecutive 3 years 2021, 2022, and 2023
"We have been voted “Best Accounting Firm for Start-up & Emerging Funds”.
Contact Us for Investment Fund Accounting Solutions
We understand that clients in the Alternative Investments arena are extremely prudent. At Akram, we provide high-end, tailored fund accounting services with careful planning and an unmatched responsiveness that only a boutique accounting firm like ours can deliver. Contact us today to learn more about our specialized assurance, advisory, and tax services for hedge funds, commodity trading advisors, private equity and venture capital funds, digital asset funds, insurance dedicated funds, real estate funds, day traders, investors, family offices, and high net worth individuals.