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Tax lien

dealing with the IRS

Tax Liens
A Federal Tax Lien is a notice that you owe the IRS money.  The lien itself "attaches" to certain property that you might own, and is recorded in the local courthouse, and possibly at the state level.

A Federal Tax Lien will generally appear on a taxpayer's credit report, and may adversely affect one's ability to sell property or obtain credit, but does not, in and of itself, actually seize property.

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Copyright © 1997 Gill & Company, CPAs. All rights reserved.
Revised: September 29, 1997.