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IRS Notices | 668 (Y)(c): Notice of Federal Tax Lien

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The IRS will file a Federal Tax Lien when there is a tax debt left unpaid. A Federal Tax Lien is like an "insurance policy" as it is a passive collection tool.


Many taxpayers get confused between the terms "tax lien" and "tax levy." A levy is an immediate seizure and a lien is a "security hold" on your property.


An IRS Tax Lien is a "passive aggressive" collection tactic and will sit on your assets as long as the tax liability remains unpaid and the Statute of Limitations hasn't run out.


The IRS will place a tax lien on an individual with a debt when the are placed into Currently not Collectible status and while an Offer in Compromise is being decided upon. The IRS will also back up most Installment Agreements with a tax lien.


An IRS Tax Lien is recorded with the County Recorders Office for the last address the IRS has on file. The 3 Major Credit Reporting Services no longer list a Federal Tax Lien on credit profiles.


When a Federal Tax Lien is filed, you will be unable to re-finance or sell real property. If you sell a motorcycle, car, equipment and the IRS finds out, the person who purchased the "machinery" can be help liable for your tax debt and the "machinery" can be seized by the IRS. If that happens you find yourself with more problems. The IRS filed in a county courthouse to put a lien on any real estate for which you appear in the title. Check out our page that answers question regarding tax liens. This article is brought to you by the tax professionals at Flat Fee Tax Relief. We are a coast to coast tax relief firm which means we are licensed in all 50 states and our teams are operational in all time zones.



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