The filing of a Notice of Federal Tax Lien by the IRS automatically applies to all your property, including your home. Although a tax lien does not lead to immediate collection of your tax debt, such as through wage garnishment…
To understand IRS lien subordination, you must first know what a tax lien is. Simply put, a federal tax lien is the U.S. government’s legal claim against your property when you fail to pay a tax debt. When the IRS…
The circumstances leading up to an IRS lien and levy are similar, and both are used by the IRS to satisfy tax debt. The two words even sound a little bit alike! It’s understandable that sometimes taxpayers facing IRS tax…
Do you owe back taxes to the IRS? Did you know that the IRS may file a Notice of Federal Tax Lien if you owe $10,000 or more, unless you make arrangements to resolve your outstanding taxes?