How Does Tax Relief Work: Difference between revisions

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Revision as of 19:11, 20 September 2024

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Clients always be aware that different rules apply once the IRS has already placed a tax lien against children. A bankruptcy may relieve you of personal liability on a tax debt, but in some circumstances won't discharge an effectively filed tax lien. After bankruptcy, the irs cannot chase you personally for the debt, however the lien will stay on any assets that means you will 't be able to sell these assets without satisfying the outstanding lien. - this includes your homes. Depending upon the lien any time filed, there may be other options to attack the validity of the lien.

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