New Mexico
Tax Attorneys

Stopping Tax Levies & Liens

A tax lien is a legal claim by the government against a person’s property due to unpaid tax debts. It serves as a way for the government to secure their interest in the taxpayer’s assets. The procedures for releasing a tax lien can vary depending on the jurisdiction and the specific laws governing tax liens.

When a taxpayer satisfies their tax debt, the appropriate tax authority will typically issue a Notice of Intent to Release State Tax Lien or a similar document. The specific requirements for payment, such as the use of cashier’s checks or certified funds, may be specified by the state. Some states may also provide expedited release procedures for online payments, while personal checks may take longer for the lien release process to be completed.

Similarly, the IRS has procedures in place for releasing federal tax liens. The IRS may release a tax lien under certain circumstances, such as full payment of the tax debt, the expiration of the collection period before the lien was issued, an installment agreement that does not allow for the lien to continue, a demonstrated economic hardship that prevents the taxpayer from meeting basic living expenses, or if the value of the property exceeds the amount owed and releasing the lien would not hinder the IRS’s ability to collect the debt.

If the IRS denies a taxpayer’s request for the release of a federal tax lien, the taxpayer has the right to appeal the decision. Consulting with a tax attorney who specializes in tax liens, such as those at Anderson Bradshaw, can be beneficial in navigating the release process, understanding the specific requirements, and protecting the taxpayer’s rights.

Tax liens and their release procedures can be complex, and the guidance of a qualified tax attorney can help individuals effectively navigate the process and work towards the best possible outcome. A tax attorney’s expertise in tax laws and regulations, as well as their experience in dealing with tax authorities, can provide valuable advice and representation to protect the taxpayer’s interests.

Unfiled Tax Returns

Unpaid tax debts can lead to various enforcement actions by the New Mexico Department of Revenue and the IRS. These actions can include sending notices, imposing penalties and interest, and initiating collection procedures.

The New Mexico Department of Revenue and the IRS have the authority to place liens on property, garnish wages, and seize assets in order to secure the payment of outstanding tax debts. These enforcement actions are taken to ensure compliance with tax laws and to collect the taxes owed.

The IRS also imposes penalties for failure to file tax returns or pay taxes on time. These penalties can accumulate over time and increase the overall tax debt. It is important to file tax returns and pay taxes on time to avoid these penalties and prevent further complications.

Seeking assistance from tax professionals like those at Anderson Bradshaw can be highly beneficial in resolving tax issues and minimizing the potential consequences. Tax professionals have a deep understanding of tax laws and regulations and can provide personalized guidance tailored to your specific situation. They can help you navigate the enforcement actions, explore available options, negotiate with tax authorities on your behalf, and develop a strategy to effectively address your tax debt.

Engaging the services of tax professionals can bring clarity to complex tax matters, ensure compliance with tax laws, and work towards the best possible outcome in resolving tax issues. It is recommended to consult with a tax professional to receive personalized advice and assistance specific to your circumstances.

Contact Our New Mexico Tax Attorneys

Engaging the services of a tax attorney, like those at Anderson Bradshaw, can provide significant benefits when facing tax problems in New Mexico. Their expertise in New Mexico tax laws and regulations allows them to offer personalized guidance and representation tailored to individual situations.

A tax attorney from Anderson Bradshaw can assess your circumstances, analyze relevant tax laws, and develop a customized strategy to address your tax problems effectively. Whether you’re dealing with audits, wage garnishment, failure to file taxes, or other tax-related matters, they can provide you with a clear understanding of your rights, obligations, and available options.

Having a tax attorney by your side can alleviate the stress and complexity associated with tax issues, ensuring the protection of your rights throughout the process. They will work towards achieving the best possible outcome for you and effectively communicate with the New Mexico Department of Revenue or the IRS on your behalf. They will advocate for your interests and negotiate when necessary.

Anderson Bradshaw’s expertise in tax matters and their commitment to personalized service can be invaluable in navigating New Mexico tax laws and regulations. They will guide you through the process, assist with tax compliance, and work towards resolving your tax problems efficiently and effectively.

By consulting with a qualified tax attorney, such as those at Anderson Bradshaw, you can receive accurate and tailored advice specific to your situation. This will ensure that you have the support and representation needed to address your tax problems effectively and work towards a favorable resolution.

Our tax attorneys provide IRS tax help for residents all over New Mexico including Albuquerque, Las Cruces, Rio Rancho, Santa Fe, Roswell, Farmington, Hobbs, Clovis, Carlsbad, Alamogordo, and many more. Call (877) 986-1156 or contact our New Mexico tax attorney online to schedule a free consultation.