An IRS tax lien can make it difficult for you to obtain credit. Without credit, it is likely that you won’t be able to buy a car or a home, take out a loan, or even get a job. If you’re already in a financial rut, a tax lien can make life even harder for you. As such, if the IRS places a tax lien on your assets, you need to get rid of it quickly.
There are a few acceptable ways to get rid of a tax lien. This includes paying your tax debt in full, entering an Offer in Compromise, filing for bankruptcy, waiting for the collection statute to expire, or filing an appeal with the IRS if the lien was filed by mistake. In some cases, entering into an installment agreement, or paying a portion of the debt and suing for a refund in district court might also work.
With the massive problems a tax lien can cause, you need to do everything within your power to avoid it. If, however, you still find yourself in a position where you have to deal with one, the best thing you can do is to seek the advice of a knowledgeable tax lawyer who can choose the right tax debt solution for you.