Naperville IL

How to Resolve a Federal or Illinois Tax Lien Before Selling a Home

By madwire / October 9, 2020

If you have gotten behind on your taxes, you may have a federal tax lien or Illinois tax lien on your home. If you want to sell your home to get out of tax debt, you’ll need to resolve your federal or state lien first. While you can contact the IRS or state of Illinois…

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An image of a business building.

Resolving Federal or Illinois Tax Liens Before Selling a Business

By madwire / October 2, 2020

When businesses get behind on their tax payments, the IRS and state can put a tax lien on the company. Your personal finances may be impacted, depending on how your business is structured. That’s why it’s vital to resolve business tax liens as quickly as possible, especially when you want to sell your business. The…

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An image a one dollar bill.

How Resolving a Tax Lien Affects Your Credit Score

By madwire / September 18, 2020

The good news for anyone with a tax lien, is that it no longer will directly impact your credit score. Starting in 2018, the three major credit bureaus, Experian, TransUnion, and Equifax, decided not to include tax liens on credit reports. This means that having a tax lien put on your home by the IRS…

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