Understanding Liens & Levies

Liens and Levies in Oklahoma City

Understanding Tax Liens in Oklahoma

Tax liens are claims registered against your property when you do not pay your taxes. These liens can be filed by the IRS for Federal taxes or the State of Oklahoma for state taxes.

Tax liens can be filed for unpaid taxes on your:

  • Income
  • Business
  • Estate
  • and more

Unlike tax levies, liens do not necessarily deprive you of your property. However, tax liens can negatively affect many areas of your life.

Tax liens can:

  • Show up on your credit report
  • Prevent you from selling your assets
  • Cause you to be turned down for bank loans

If you want to sell you property, you must deal with your tax liens before you can move forward.

There are many ways to handle tax liens, including but not limited to:

  • Paying your debt in full
  • Discharge of property
  • Subordination
  • Withdrawal

Tax Levies

Tax levies often occur due to poor communication between the taxpayer and the IRS. A tax levy does deprive you of your property. It takes ownership of your property and transfers it to the government in order to satisfy your tax debts. A levy can be issued on essentially any one of your assets.

Through tax levies, the IRS can take assets such as your house or car, or they can take property that is yours but held by someone else. Examples include your wages, bank accounts, and commissions. When it comes to tax levies, it is possible for the IRS to make mistakes. That is why you need our experienced tax attorney in Oklahoma City on your side.

What is the difference between  Tax Liens and Levies?

Tax liens and tax levies are both mechanisms used by government authorities to collect unpaid taxes, but they differ in terms of their nature and the stage at which they are employed. A tax lien is when the government claims a taxpayer's property as collateral for unpaid taxes. It's a public notice that the government has a right to the property and can affect the taxpayer's ability to sell or refinance it. In contrast, a tax levy is when the government seizes a taxpayer's property or assets to pay off overdue taxes. This can include wage garnishment, freezing bank accounts, or taking personal belongings. While a tax lien shows the government's interest in the taxpayer's assets, a tax levy is a stronger action that involves physically taking property to settle the tax debt. 

Consult Our Oklahoma City Tax Lawyer at The Carver Law Office, PLLC

With knowledge and experience, The Carver Law Office, PLLC can be a great asset to you in the midst of your tax issues. Our attorney personally handles every case that comes our way. We can help you navigate all of the complexities of the law, taxes, and the IRS. With us, you never have to go through tax problems alone.


Client Reviews

  • "It was helpful to have a steady reassuring hand to make sure that the issue was resolved in a fair and equitable manner. I can't recommend her enough.¬†You can do no better."
    Jeff B.
  • "They communicated closely with our accountant as well as the state tax office. Overall, we were extremely satisfied with the outcome as well as the reasonable cost of service."
    T N.
  • "No questions asked, just jumped right in and handled everything. We are so thankful for her help and advice."
  • "I had a tax lien, and through Ms. Carver, it was resolved beyond my highest expectations. Her communication was excellent, honest, and straightforward, and her fee was a pittance compared to her work and the results she achieved."
    Chris Liebman
  • "One call to your office and shortly later, you got the lien released and I was on my way to my first home."
    P.A. and Family

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