IRS Lien Denver, Colorado
Federal liens are legal claims on your business assets
If you don’t pay your tax debt or make arrangements to pay the debt before the due date, you can face enforcement action with an IRS tax lien. The first step in the forcible collection of your tax debt is a lien on your Denver-area business, which is how the IRS protects the debt.
A lien is a legal claim against your business assets, filed via a public document known as a Notice of Federal Tax Lien. The lien alerts creditors and finance companies that the IRS has a legal right to your property to the extent of tax you owe and remains in effect until the taxes are paid in full or other arrangements are made.
A lien is not the same as a levy, which allows the government to seize your company’s property and assets to pay your tax debt. Instead, the lien secures your debt using your real estate, bank accounts, intellectual property and physical property, such as office equipment, as collateral.
A lien is public information and includes the full amount your company owes the IRS. In most cases, a lien happens when your business receives a Demand for Payment and fails to pay the debt—usually 10 days after the IRS issues the Demand for Payment. You will not be notified of a lien on your company’s property and assets until after it has been filed.
Liens are filed in the Colorado county where your executive offices are located or where major executive decisions are made. If you neglect or refuse to pay your tax debt, tax liens can follow you around, damaging your company’s credit and making it impossible to move forward financially.