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HOW TO DEAL WITH AN IRS LIEN IN HARTFORD, CT
A question that frequently comes up is How to Deal with an IRS Lien in Hartford, CT?
IRS Lien Basics
When taxpayers file a tax return the IRS will process that return and assess the tax liability based upon the information provided by the taxpayer. They will then apply the taxpayer’s payments and withholding against the liability. Ten days after the date of assessment a lien arises automatically by statute in favor of the IRS.
This lien, referred to as a hidden lien because there is no public notice given by the government, attaches to all of the taxpayer’s property, including property acquired after the fact by the taxpayer. For taxpayers trying to sort out how to deal with an IRS lien in Hartford, CT, this hidden lien can often cause problems.
The so called “hidden lien” does not protect the government against third party lenders who have given value (ie. loaned money or extended credit to the taxpayer) and have no notice of the lien. Therefore, to protect its interest against other third party creditors, the IRS will often file a “Notice of Federal Tax Lien” with the secretary of the state, the town hall where the taxpayer resides ... more
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