I have a state tax lien from 2005?
Hope you guys can help me out, here is my situation. I am 25 years old, I was 20 when I started my own business. The store did well for awhile but I ended up closing it up and I owed money to IRS. I have paid my income taxes I was behind on down to 425.00 and I checked my credit report and I have a tax lien on my report from 2005. I’m sure it’s sales taxes from about 3 months where I didn’t pay, I wanted to but I was dead broke. The lien was on the store itself and inventory in it but the store’s inventory was sold right before the lien was filed so the lien is still on me. The problem is I don’t know how much I owe, this was a small business and my taxes wheere usually like 300 a month so I’m figuring I owed about 900 to start with plus late fees. Who do I contact to work out a payment arrangment? & Should I keep my bank account?
Yes, I have a personal bank account with all my money in it. I don’t want them to take all of it so should I get it out?
Contact your state department of revenue. If you told us what state, we could give you the website link. You need to get it cleared up, as the lien will not go away, but will keep getting larger.
5 Responses to “I have a state tax lien from 2005?”
Contact the state tax office that handles sales taxes. The debt has probably ballooned since ’05 but they can tell you what you owe.
Comment made on July 11th, 2009 at 10:14 amReferences :
The state government is probably the one who administers the sales tax. Maybe the Dept of Revenue. Check the state’s web site.
If the business is closed, what are you talking about when you refer to the bank account. Is there money in the account? Use it to pay the taxes you owe.
Comment made on July 11th, 2009 at 10:57 amReferences :
Do not be at all shocked to find your amount due is now triple what you owed back then with penalties and interest.
Are you tallking your personal account so they can not take it?
The IRS and probably State taxing agencies do not have to get judgments in order to take money from your accounts.
Comment made on July 11th, 2009 at 11:08 amReferences :
I had one of these once for a business that I closed. I did not owe anything but it took five years to convince them and get it corrected. The lien still appears on some credit reports although I think I have notified them all. Anyway you need to contact the agency that collects sales tax in your state. Once you have gotten it all resolved you need to go to the records office in your county and get a copy of the "removal of lien". Carry that with you any time that you are going to do anything that involves credit. As for money in your personal bank account I can’t advise you to remove it, however those funds are subject to seizure if they wish to do so.
Comment made on July 11th, 2009 at 11:54 amReferences :
Contact your state department of revenue. If you told us what state, we could give you the website link. You need to get it cleared up, as the lien will not go away, but will keep getting larger.
Comment made on July 11th, 2009 at 12:10 pmReferences :
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