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What Is a Tax Lien?

There are myriad factors that can affect your financial status, including your health, marital status, and unforeseen events, such as natural disasters and crime. When one or a combination of these factors make it impossible for you to pay the full amount of tax money that you owe, the IRS may take any number of actions against you to obtain payment. One of the actions that may cause you a great deal of distress and further financial burden is a tax lien.

At the Tax Relief Law Center, our tax relief specialists are knowledgeable about the many nuances of tax law and how it can affect you. Our tax attorneys can answer any questions and address any concerns that you may have regarding your tax situation. Contact one of our representatives today by filling out the form at the top of this page.

Defining a Tax Lien

Whether you are delinquent on paying your income taxes or the taxes on any property, such as your house or car, the IRS may decide to impose a tax lien on you. A tax lien is a form of security interest that is imposed on a property that a debtor owns until the amount owed is paid or the lien exceeds the maximum amount of enforceable time.

Under a tax lien, the debtor is no longer considered the owner of the property until the amount owed is satisfied. Accordingly, a lien gives the IRS the ability to seize the property if the taxes owed cannot be paid. When the IRS intends to impose a tax lien on you or is preparing to seize your property, they are required to notify you of their intentions prior to taking action.

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Facing any form of IRS action and penalties can be stressful and extremely worrisome. Our tax relief lawyers at the Tax Relief Law Center understand this and, as such, do everything in their power to get you the relief you need. Fill out the form at the top of this page to get in touch with one of our attorneys.