tax lien
8 Things That Can Happen If You Don’t Pay Taxes
IRS penalties can range from the mildly costly to the truly horrific.
Does the Government Control the Credit Bureaus?
Many consumers believe that credit bureaus like Equifax, TransUnion, and Experian are somehow owned, managed or otherwise controlled by the federal government, but, in fact, […]
Does the Government Control the Credit Bureaus? – Lexington Law
Public Records on Credit Reports – Lexington Law
How Long Does a Tax Lien Stay on Your Credit Report?
It’s a trick question, because as of April 2018, tax liens were all removed from credit reports. The bureaus took this step to protect the integrity of those reports. According to the Consumer Financial Protection Bureau, many judgments and liens were being reported incorrectly. That caused errors to credit reports not affiliated with the various debts in question. But that doesn’t… Read More
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Can You Buy a House if You Owe Taxes?
Looking for the perfect home on the real estate market? Unfortunately, it can be tricky if you have unpaid taxes. Failing to pay your federal income taxes can lead to the Internal Revenue Service placing a lien on your property or your assets. These legal tools protect the government’s ability to get its money. They also set off alarm bells for… Read More
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What Does Having a Derogatory Public Record on My Credit Report Mean
Since the National Consumer Assistance Plan went into effect in 2017, public records must meet strict requirements in order to appear on consumer credit reports. Civil judgments and tax liens do not meet these new requirements, so they were removed from credit reports. At this point, the only derogatory public record that should appear on… Read More
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How to Deal with an Underwater Car Loan When You Can’t Sell
According to experts at the automotive website Edmunds, a new car loses up to $7,419 of its value during the first year on the road. Over the next three years, new cars lose an average of $5,976 in value, mostly due to age and wear and tear. This shows just how quickly a fancy new… Read More
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Does Paying Taxes Late Affect Credit?
NOTE: Due to the COVID-19 coronavirus pandemic, the IRS has extended the federal tax filing and payment deadline to July 15, 2020. The recent relief package passed by Congress may have additional tax implications. Please contact a tax adviser for information you may need to complete your taxes this year. Learn more. It’s a good… Read More
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