IRS Offers Help to Late Taxpayers at Open Houses Saturday
When the IRS files a lien, it has the right to make a legal claim against a taxpayer's property for the amount of an unpaid tax debt. Additionally, the lien allows the agency to freeze all bank accounts and redirect payments made to the taxpayer or business to the IRS until the debt is paid in full. Credit reports also take a major hit when the government agency files a lien, knocking 100 points off an individual's credit rating.
Under changes made to collection policy this spring, liens are withdrawn when a taxpayer enters into a direct debit installment agreement.
"Sometimes taxpayers need one-on-one assistance with their tax issues," IRS Commissioner Doug Shulman said in a statement. "Our goal at these open houses is to provide that and help taxpayers move their issues toward resolution."