Federal Tax Lien
What is a Federal Tax Lien?
A tax lien affects your financial assets, personal property and your real estate. Tax liens can vary based on your individual situation and are the government’s way of protecting their interest in the case that you fail to pay your tax debt in a timely manner. If you do fail to pay the IRS on time a tax lien will attach to all of your current or future assets until it is addressed. If you do not address the tax debt in a timely manner the lien may turn into a levy where the IRS has the ability to seize said assets.
What Are Assets?
Does a Tax Lien affect My Credit Score?
How Do I Know If I Have a Federal Tax Lien?
If you do not pay the tax bill sent by the IRS, that is when the IRS will send out a lien notice.
How to Avoid a Tax Lien
Some options are:
Although it may seem like a federal tax lien may be looming, there is always an option available that may best fit your needs in order to avoid it. Visit our IRS problem resolution page for more services.