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Tax resolution services in San Diego can help you keep your house

Submitted by admin on Mon, 6/1/2015 - 10:05 am

One of the toughest things to face is the losing of your home. You’ve put all of your money (and dreams) into it, only for it to be taken away. The burden of losing a home to debt can be devastating and have some serious affects on the way to live your life thereafter. You may be facing a tax lien against your home now, so before you and your family make any hasty decisions, it’s very important to know the options that might be available to you.

Tax Resolution Services

The seriousness of a tax lien varies, depending on how much you owe. Fortunately, as bad as the term “IRS tax lien” sounds out loud, it’s not the end of the world. The IRS has been known to leave a few options on the table. Hiring reputable tax resolution services in San Diego like Tax Tiger, is a good idea before getting too far into the negotiation process. In fact, it’s believed that owing a local municipality is a bit worse than dealing with the IRS.

In general, I would probably rather have an IRS tax lien on me than a state municipal one right now,” says Fred Croop, a certified personal accountant and dean of professional studies and social sciences at Misericordia University in Dallas, Pa. He hastens to add: “To be clear, I don’t have any [tax liens].”

Now that’s not to say that an IRS tax lien search isn’t a big deal, because it is. It’s not as big of a problem as a levy, which is the actual seizure of your property, but it’s very close to it. The great thing (if you can call it that) is that you have more time to work things out and there’s a better chance that you’ll end up being able to keep your home.

The worst thing you can do in a tax lien situation is to ignore it. Once the IRS contacts you it is of utmost importance that you get on the same page with them. They aren’t just another creditor, so make sure that an open line of communication is maintained and followed up on.

Source: What to do if you get a tax lien on your house – March 26, 2014 – Usnews.com