Brian Hildebrant CPA, PC

Serving the Brookings Community for over 25 years

605-697-6404

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Tax Preparation & Planning

Accounting

Payroll Services

Brian J. Hildebrant, CPA, P.C.
Certified Public Accountant
Main Office:
417 Eighth Street South
PO Box 438
Brookings, SD 57006
Telephone: 605-697-6404
Fax: 605-697-6959

IRS Liens

Federal Tax Liens can be devastating. When your taxes are not paid the IRS establishes a lien against all of your assets (especially real estate). The IRS has the legal right to collect delinquent taxes from the sale of your assets, which includes just about everything you own.

A tax lien can be against you, your spouse, or your company. A lien against your company would seize your accounts receivables. When this is done, everything you own is subject to becoming the property of the United States Government.

Liens filed against you by the IRS also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home. Banks don't appreciate the extra work required of them when the IRS levies your accounts, nor do they want to be behind the IRS in the list of creditors to be paid from sales proceeds.