Lien

About IRS tax liens against real estate and personal property.

General Federal Tax Liens: When They Arise, What Happens, And How They Affect The Taxpayer

A lien is a charge or claim against a property for the payment of a debt. A creditor’s lien does not, by itself, transfer property ownership to the creditor. There must be a levy or seizure first to force a sale. What Is A Tax Lien¬†? When it comes to the government’s claim or charge …

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How Long is the Duration of a General Tax Lien?

 Nothing lasts forever. The same is true with tax liens. A general tax lien exists when the assessment is made. It continues until the taxpayer satisfies the assessed amount of tax liability, or it becomes unenforceable by the lapse of time.      Duration of General Tax Liens  As stated above, an IRS tax lien becomes unenforceable …

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