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Latest revision as of 14:06, 15 September 2026

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We hear a lot about income taxes, several people concept just simply how much income-related taxes they're paying. We're taxed by both our federal government and our state. Individuals have federal government takes the lion's share, I'll specialise in its tax. Clients ought to aware that different rules apply once the IRS has placed a tax lien against him. A bankruptcy may relieve you of personal liability on the tax debt, but particular circumstances will not discharge a properly filed tax lien.

After bankruptcy, the government cannot chase you personally for the debt, however the lien will remain on any assets in which means you will not able to market these assets without satisfying the outstanding lien. - this includes your housing. Depending upon the lien as filed, may be could to attack the validity of the lien.

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