IRS Federal and State Tax Liens Help IRS Federal and State Tax Lien Help | Genesis Tax Consultants, LLC
Genesis Tax Consultants, LLC
Genesis Tax Consultants, LLC is a premier tax return preparation service catering to expatriates. With our deep understanding of expat taxes and extensive experience in international taxation, we provide exceptional services tailored to the unique needs of individuals living abroad.
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IRS Federal and State Tax Lien Help

IRS Federal and State Tax Lien Help

 
 

IRS Federal Tax Liens and State Tax Liens

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Federal & State Tax Lien Help

Whenever back taxes are owed to the IRS, they make a claim against you by filing a Federal Tax Lien (states will also file tax liens for any state back taxes due). These tax liens are filed with the County Clerk's Office and become public record (and once one is filed you can expect to start being inundated by telemarketers and companies sending you mail advertising their services (what the legal community calls ambulance chasers). A Notice of Federal Tax Lien shows the world that you owe the IRS.  The tax lien attaches to essentially everything you own or have a right in.  The tax lien also covers any penalty and interest that continues to accrue on the periods listed on the notice.   

A recorded tax lien scares off buyers and potential creditors or lenders, making difficult to obtain financing. Tax lien notices are picked up by the credit reporting agencies, such as Experian, Equifax, and TransUnion. 

To rid yourself of a tax lien, one of the following must occur:

  • Paying the tax, interest, and penalties owed.
  • Obtain a Withdrawal of Filed Form 668(Y) by establishing and maintaining  a Direct Debit Installment Agreement (the IRS debits your bank account every month) for several months if you owe $25,000 or less (applies only to individuals, businesses with income tax liability only-no 941 payroll tax debt-and out of business entities with any type of tax debt). 
  • Obtain a Certificate of Discharge From Federal Tax Lien on certain property you are looking to sell. 
  • Obtain a Certificate of Subordination of Federal Tax Lien which allows other creditors to move ahead of the IRS as a priority creditor to make it easier to obtain a loan or mortgage.
  • Eliminating it in bankruptcy. 
  • Reducing and paying through an Offer in Compromise. 
  • The IRS collection statute expires (10 years from the time the IRS assesses the tax). 

If you are looking for help with dealing with a tax lien please contact me or fill out the form to your right and I will get back to you shortly. 

 



 

 
Nicholas Hartney, LLC BBB Business Review
Click on image to verify professional license in the IRS Preparer DirectorySearch: Country: Germany | Zip: 65812 | Last Name: Hartney

Click on image to verify professional license in the IRS Preparer Directory

Search: Country: Germany | Zip: 65812 | Last Name: Hartney

➤ locations served

Available for all taxpayers in every state and all Expatriates living abroad. 

☎ CONTACT NICHOLAS HARTNEY, EA

nick@genesistaxconsultants.com
and tell me about your situation. 
 

Areas of Practice

expat tax preparation 

Foreign earned income and housing exclusions for both federal and state income tax returns. Foreign bank account reporting (FBARs), Statement of Specified Foreign Financial Assets, Tax Treaties, Application for IRS Individual Taxpayer Identification Number,etc.

business tax debt representation 

We will file a power of attorney with the IRS and State Taxing Authority to negotiate a hold on all enforcement action such as bank and account receivable levies while we work on an appropriate resolution including Installment Agreements, Company Restructuring, Penalty Abatements, Offer in Compromises, and Currently Not Collectible Status.  We will also advise you if bankruptcy is an option. 

irs and state tax debt representation 

We will file a power of attorney with the IRS and State Taxing Authorities to negotiate an appropriate resolution for back tax debt including Installment Agreements, Penalty Abatements, Offer in Compromises, Innocent Spouse Requests, and Currently Not Collectible Status.  We will also advise you if bankruptcy is a option. 
 

new business entity formation 

We will educate you of the pros and cons of organizing an Limited Liability Company versus a Corporation, S-Corp., Limited Partnership, etc. and assist in the formation of the entity of your choosing.   

previous years tax returns

We will prepare your previous years tax returns to bring you back into compliance with the IRS and State. 

business tax return preparation 

Whether you have a sole proprietorship with a Schedule C or a 1120 Corporate return we will prepare any business return.  

 
 
 
 
“The hardest thing in the world to understand is the income tax.”
— Albert Einstein, physicist
 
 
 
 
 

Let's Chat

Use the form below to contact us regarding your legal enquiry. Please be as detailed as possible. Include your industry along with any specific document requests. To help us best service your enquiry, we recommend that you first describe the issue you’re having before telling us what you want to achieve. You may also email or call us to make an appointment.

For job opportunities, please email us your resume. We’re always looking for new and exceptional talent to lead the firm into uncharted fields of practice.