IRS Liens & Levies
If you were to owe any unpaid taxes in Bergen County NJ, the IRS has the legal justification and ability to establish a tax lien against your or your spouse’s assets, which includes your jointly held property, real estate and other assets to collect payment of your tax debt from you. This has further negative consequences, in that tax liens filed against you by the IRS are disclosed to credit reporting companies, which will often prevent you from getting a loan at a reasonable annual percentage rate or being able to borrow money against your established assets, such as your home.
While a tax lien is a legal claim that is utilized to obtain payment of your back taxes, a tax levy is the actual seizure of your assets, your bank accounts or garnishment of your wages to pay your back taxes.
Call us today to learn more about our IRS leins and levies services in Bergen County, NJ