|The IRS files a lien when taxpayers have not paid tax debt despite warning letters. The tax lien in Dallas TX is filed in the county the taxpayer lives in and any other county the taxpayer has real estate. The lien is effective on personal property worldwide once filed in the correct county. The lien is superior to property exemptions provided by Dallas Texas law. Once filed the federal tax lien is superior to nearly all other liens that have been properly filed after the Federal tax lien has been filed. Liens filed before the filing of the Federal Tax Lien are superior to the federal tax lien and are paid from the sale of property before the Federal Tax Lien has been filed.
The notice of federal tax lien is public notice of the claim of the IRS. Credit reporting bureaus will normally report the filing of the lien. The reporting of the federal tax lien in Dallas TX and other counties will lower credit scores making future credit more difficult and more expensive. All real property sold will either fully pay the federal tax lien in Dallas, TX and the lien released for the new owner at closing. Alternatively, the sale will not produce enough money to pay off the lien and the taxpayer will need to file an application to discharge the property from the federal tax lien in counties such as Dallas Texas, Collin County or Plano Texas. This process takes quite a lot of time.
Buying property that is subject to a tax lien without paying off the lien continues to make the property vulnerable to seizure and sale. The money paid by the new buyer may go towards paying off the former owners lien.
A federal tax lien is different than a wage levy in Dallas Texas. A wage levy in Dallas Texas or a Bank Levy in Plano, Texas is a demand on a third person to turn over any property of the taxpayer held by the third person A lien is a property right but not a seizure. If you have received a notice of the filing of a federal tax lien in Dallas TX, please call us for an appointment at 214 369-1040.
tax lien dallas tx
Bankruptcy Lawyer Dallas TX
10300 N Central Expy STE 252
Dallas, Texas 75231
http://www.debtfighters.com. If you have received a notice of the filing of a federal tax lien in Dallas TX, please call us for an appointment at 214 369-1040.