A federal tax lien is the government's legal claim against your property. It applies to all property, including real estate, personal property, and financial assets. This is a public document filed at the Miller County, Arkansas circuit clerk or Bowie County, Texas county clerk's office. This lien also attaches to future assets acquired during the duration of the lien. The IRS form is 668(Y)(c) and is a public record for all to see. The lien has columns (a) through (f) on it. These columns provide information as follows:
(a) Kind of tax - Form number tells you what kind of tax. Payroll, income tax, excise tax, civil penalty etc.
(b) Tax period ending - Period tax is owed generally quarter or year end dates.
(c) Id number - Social security number for income taxes and federal id number for business taxes.
(d) Date of Assessment - Date tax owed was assessed.
(e) Last day for refiling - Collection statue date. If this date has passed you may no longer owe the money.
(f) Unpaid Balance of Assessment - Amount due to IRS at time of filing not what you owe at a later date as the penalty and interest continue.
If you have a federal tax lien, go get a copy. We use this information to order documents from IRS related to these periods as we assess solutions to your IRS issues.
Robby
Selph & Friday CPA
Phone: 903-792-0281www.selphandfridaycpa.com
Email: rselphcpa@cableone.net
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IRS or state tax problem? We've been representing taxpayers since 1986. If you hire us, you are done talking with the IRS. We do that for you. After 25 years of representing taxpayers, we understand the physical and mental toll a tax problem can have on you. Let's get started on a solution! Need a tax preparer? Bring all of your information and I will prepare your tax returns while you are here. If you have a refund, lets get it in your bank account.
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