Texas Tax Liens

A lien is a security interest on a property to guarantee the payment of a debt. Another way to put it, is if you have lien on a property, then that property is held as collateral to ensure the the payment of the debt. While there are various types of liens, some a part of contacts known as consensual, and some ordered by a court known as non-consensual, when the government puts a lien on your Texas property, such as your house, in collateral for unpaid taxes, it is known as a Texas tax lien.

A Texas tax lien is a non-consensual lien that the government can impose on your property once the IRS has taken the proper steps. The Texas accounting firm of C. Jay Helm can help you understand what you need to know about Tax Liens, and how to know if you are in danger of having one placed on your property. The first the IRS must take in order to place a lien on your property is to do a tax assessment of your situation. Next, the government must send you a Notice and Demand informing you of what you owe and that a tax lien will be imposed if you do not pay. After 10 days of the notice, if you have not paid, the government will place a tax lien on your property which will go into effect retroactively starting the day of your assessment. The maximum a tax lien can last is 10 years, regardless of whether your taxes have been paid or not.

If you're about to have a Texas tax lien placed on you property, or already have a tax lien on your property, call C. Jay Helm & Associates, Texas accounting firm, at (877) 204-7296, to speak with one of our Texas tax consulting attorneys who will help walk you through you options on how best to handle a tax lien.