Yes it is. A Federal Tax Lien will be recorded in the records or courthouse (depending on where you live).
Also, all credit reporting agencies pick up the tax Lien. The tax lien will drop a credit score around 100 points. Anyone doing a background check will find the tax lien. Even insurers are known to charge more for people with a tax lien as the stress caused from a tax problem makes that person a bigger risk.
If a tax lien has been filed and is making your life miserable, there is hope. In certain circumstances a lien can be withdrawn, released, discharged or subordinated all without fully paying the debt. The key is to act quickly and demonstrate a particular harm — like being unable to factor receivables or having a line of credit shut down.
If you need assistance with a lien, or any tax issue, contact us. We can help. Call 888-727-8796 or email info@irsmedic.com.
