Tax Levy & Liens Attorney Columbus Ohio
Jump Legal Can Help You With Tax Levies And Liens
Tax levies and liens come into play when you have failed to pay your taxes to either the state or the IRS. These tax-related matters are highly urgent and can lead to trouble with the law and more serious financial consequences if they are not dealt with immediately. Our attorneys at Jump Legal help Columbus, Ohio residents daily with their tax-related matters. We have the knowledge and expertise to help you understand the matter at hand and the best way for you to settle it. Whether you need help with taxes on a state level or if you are dealing with the IRS, we can help you with any situation.
Our Lawyers Help The People Of Ohio Become Debt-Free
What Is A Tax Lien?
If you have a tax debt that you have not settled, the state or IRS can place a claim against your personal possessions to help secure payment of your debt. This is called a tax lien. This lien is a claim on personal assets you own if you refuse or neglect to make a payment to your taxes. A lien is filed as a public document and creditors and banks will be issues a notice. It can affect your ability to sell your possessions, as well as get approved for credit and loans.
Can You Remove Tax Liens From Your Credit Report?
Most tax liens can be removed from your credit report. The quickest way for a tax lien to be removed from your credit report is by paying the debt you owe in full. Once paid, the lien will be released within 30 days after the payment was received. Another way you can get the lien removed from your credit report is if you enter into a payment agreement with the IRS. You may have different payback timeline options available to you depending on the amount that you owe. We can help you find a solution that works best with your financial situation.
How Long Does A Lien Last On My Credit Report?
A lien typically lasts 10 years on your credit report. Once filed, it will appear on your report and there is a chance that it can last longer. It can continue to stay on your credit report for as long as it takes you to repay the debt. If you have entered a payment agreement that extends past 10 years it will continue to show up on your report. If you file for bankruptcy during this time and pause your collection timeline, this will also extend its lifespan on your report. The lien can also be refiled or renewed if not paid in full. It is important to have a plan and ask any questions along the way to keep you from entering more debt and further issues. If you have any questions, it is important to consult with an attorney.
What is A Tax Levy?
A tax levy is when the state or the IRS takes your possessions to settle your debt. This can mean your wages, bank accounts, or personal possessions. This seizure is immediate and without warning. They will continue to take from your wages until your debt is paid.
Can My Debt Be Negotiated?
You can negotiate a tax levy before or after it starts. You can set up a monthly payment plan which will allow you to make payments until your debt is paid in full. There is also an option called an Offer in Compromise (OIC), that will help you settle and lower the debt amount that you owe. If you are struggling or facing financial hardship, you also may be qualified for your debt to be released entirely.
Our Tax Attorney Can Help You Settle Or Negotiate Your Debt
Our Ohio tax attorneys can help you through the process of negotiating and settling your debt. Taxes are not easy to understand. We see first-hand every day the difficulties and confusion that taxes and personal debt consist of. Our expertise in negotiating can help you save a lot of money and become debt-free quickly.
What Happens If You Let Tax Debt Go Ignored?
Do You Need To Dispute A Wrongfully Filled Claim?
If you think a tax lien or levy was wrongfully filed, give us a call today. Our lawyers can help you challenge this dispute and clear your credit from this mistake. Appealing an incorrect and unfair levy or lien can be very complicated. You want to make sure your appeal is done right. Our lawyers are knowledgeable in handling wrongfully filed claims and we know how to quickly get them removed from your credit.
Give Jump Legal A Call And Settle Your Debt Today
Our attorneys are experts in tax law and will review your case and advise you on the best option for your situation. They will help you file the proper paperwork to the IRS and make sure that you are not overpaying and become debt-free as quickly as possible. You do not need to go through this alone. We have been serving the Ohio area for more than 20 years. We can help you with your IRS debt. Our attorneys help our Columbus clients reduce their debt every day. They can reduce yours too. We are determined to get you to a debt-free life. Give Jump Legal a call today and let us know how we can help you reduce your debt.
Contact Jump Legal Group
Columbus, Ohio 43215
Phone: (614) 481-4480 | Fax: (614) 696-6481
