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Category: Federal Tax Liens

Federal Tax Liens
What’s a Notice of Federal Tax Lien? (video)

The lien really becomes an issue though when the IRS takes that lien and they file a notice of it, a NOTICE OF FEDERAL TAX LIEN. This is what becomes public record at the courthouse. They file this with the courthouse and it really affects a taxpayer–especially one trying to either buy or sell property. It really can be a showstopper if it’s still in existence when the property goes to closing. That’s when it really pops up. If they’re trying to buy property, there’s not too many banks that want to loan money to somebody that has a federal tax lien on their record.