IRS Tax Lien

Tax liens give the IRS a legal claim to your property as security for payment of your tax debt. A federal tax lien arises when the IRS assess your liability and then sends you a Notice and Demand for Payment.  If you neglect or refuse to fully pay the debt within 10 days after the notification the IRS may file a Notice of Federal Tax Lien in the public records.

By filing a Notice of Federal Tax Lien, all of your creditors are publicly notified that the IRS has a claim against all your property, including property you acquire after the lien was filed.

The lien attaches to all your property (such as your house or car) and to all your rights to property (such as the accounts receivable of your business).

Once a lien is filed, your credit rating may be harmed. A lien may affect your ability to get a loan, buy a house or a car, get a new credit card, or sign a lease.

This is why it is very important to deal with a Notice of Federal Tax Lien immediately.  Our enrolled agent can advise you on the best course of action.