Ideal Tax Solution Is Informing Taxpayers That The IRS Can No Longer Ruin Their Credit

COSTA MESA, Calif.Ideal Tax Solution, a leader in the tax resolution industry, is sharing great news with U.S. taxpayers, especially those saddled with a tax debt issue. Recently, the three major credit bureaus decided to no longer report tax liens on credit reports. This offers an opportunity for Americans who owe back taxes to the IRS or have a tax lien judgment against them to obtain a higher credit score.

“More than 5.5 million liens will be removed from consumer’s credit reports, increasing the chances that they will get new loans from banks,” said David Hong, a Senior Enrolled Agent at Ideal Tax Solution. “The change means that a negative event that could have held a taxpayer back from getting approved for financing will be wiped off the consumer’s credit report. That could increase their credit score and make them look more creditworthy to lenders.”

With the change to how tax liens are reported, Americans with past tax issues may be able to finally apply for a home loan, auto loan, or credit card. Previously, tax liens could appear on a credit report for seven years after the date of payment, and sometimes longer. This was devastating to many consumers, as it could even prevent them from getting a job.

Consumers suffering from tax problems experience much stress. Ideal Tax Solution is ready to help clients navigate through their tax issues and come up with a viable solution. They offer comprehensive professional representation in defense of taxpayer rights, arriving at resolutions for numerous situations that include unpaid taxes, tax levies, tax liens, wage garnishment, unfiled tax returns, tax audit, IRS asset seizure, tax penalties, penalty and interest abatement, expiration, and much more. They also provide instant protection by filing a “stay of enforcement,” which blocks the IRS from seizing a taxpayer’s bank account or assets. The service concludes with a resolution that allows the taxpayer to make a fresh start with the possibility of saving tens of thousands of dollars.

Although the changes in tax lien reporting is good news for Americans wanting to apply for credit, Ideal Tax Solutions would like to remind taxpayers that owing money to the IRS still places them at risk for IRS collection activities, such as asset seizures, bank levies, wage garnishments, and liens on property. Visit to learn how Ideal Tax Solution can help resolve your tax problems and to sign up for a free consultation.

About Ideal Tax Solution:

Headquartered in Orange County, California, Ideal Tax Solution is licensed in all 50 states and provides tax resolution services to consumers throughout the U.S. The company’s team of tax attorneys and consultants helps clients burdened by a tax debt issue by easing the stress and anxiety that comes with serious tax problems. With a mission to provide clients with affordable and expert representation against either the IRS or state revenue agencies, Ideal Tax Solution is ready to assist Americans who have overwhelming tax debt. Go to to see how.

Identity Theft: What To Do If You’ve Been Ripped Off

Last week’s post dealt with preventing identity theft. This is especially true for the holidays, as cyber thieves just love to take advantage of the increased debit and credit card transactions that occur during the busy shopping season.

Amateur identity thieves will sometimes rifle through people’s trash, hoping to come across discarded bank statements or other forms with account numbers or other sensitive information printed on them.

Sometimes, you won’t know you’re a victim of identity theft until months or years after the fact. You go to use your credit card, or to file your taxes, only to find that someone else has already done so under your name. A quick check of your credit report shows a random loan under your name, or the IRS insists your tax return has already been processed and your refund sent.

Those are dead giveaways. Here’s what to do if you discover you’ve been a victim of identity theft:

  • Contact the affected party. For example, if someone cleaned out your bank account or opened an account  under your name, contact the back or credit card company immediately. Complete all the steps necessary to report the fraudulent transaction or account. Do this as soon as you realize you’ve been ripped off.
  • Review all of your credit reports. You are entitled to one free copy from each credit reporting agency per year. Review each report for fraudulent activity. File a written dispute for each fraudulent account. Place a fraud alert on all three credit reports; you’ll be notified if anyone attempts to open an account or take out a loan in your name. You can contact the credit reporting agencies by phone or mail.
  • File a police report and identity theft affidavit through the Federal Trade Commission (FTC). Many banks, mortgage companies and other entities will require this information in order for you to file a report with them.
  • Notify government agencies such as the Social Security Administration and the IRS. When tax time rolls around you may be asked to provide additional information to verify your identity, but the extra due diligence will be worth it in the long run.
  • Continue to monitor your credit reports, loans, and bank accounts. Some banks and credit reporting agencies offer credit monitoring services in exchange for a monthly fee, or you can monitor your accounts yourself. Either way, monitor your accounts often. Once someone has your personal information, they will continue to use it as much as they can. It’s not uncommon for identity theft syndicates to swipe consumer information, only to use it for themselves or to sell it to other entities.

Safeguarding your personal information is a must year-round, but especially during the holiday season. Never disclose your PIN or bank account number to anyone. Never write down your PIN where it can easily be found, such as in your wallet or even in your phone.

Act quickly if you’ve been a victim of identity theft. Notify your bank, credit reporting agencies, mortgage company and other entities. Fill out a police report and an FTC affidavit. Don’t wait. Untangling identity theft can take time, and you want time on your side.

By taking a proactive approach to safeguarding your personal information, you’re less likely to be targeted by identity thieves. If you are one of the unlucky ones who has been targeted, you have the information you need to take action quickly.

  Stay safe out there.