what is a tax lien?

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2007-07-09 08:27:03 · 3 answers · asked by WILL 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

Government goes to court to prove taxes are due and unpaid. File a lien at the county so that any attempt to sell or finance property will require that taxes be paid first.

2007-07-09 08:31:01 · answer #1 · answered by wizjp 7 · 1⤊ 0⤋

The federal or state government attaches a lien on property you own for money you owe them and in order for you to sell or transfer title to the property you have to satisfy the lien. Pay them what you owe them. Good Luck.

2007-07-09 08:33:59 · answer #2 · answered by Ret68 6 · 1⤊ 0⤋

It's a hold put on an asset of yours by the IRS. You can't sell it without paying off the IRS debt as part of the sale process.

2007-07-09 08:31:15 · answer #3 · answered by Judy 7 · 1⤊ 0⤋