Everything You Need to Know About Federal Tax Liens

A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the government’s interest in all your property, including real estate, personal property, and financial assets.

A federal tax lien exists after the IRS:

• Puts your balance due on their books and assesses your liability
• Sends you a bill that explains how much you owe called a “Notice and Demand for Payment”
• If you neglect or refuse to fully pay the debt in time
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