General Federal Tax Lien Information

General federal tax lien information can be found via the IRS website and other places online. A federal tax lien is a notification issued by the IRS regarding their intention to seize property or garnish a taxpayer’s wages. This action is taken in response to a taxpayer’s outstanding tax payment that has not been resolved.

Dealing with a Federal Tax Lien

When the IRS issues a tax lien, a taxpayer has 10 days in which to make payment arrangements. If the arrangements to resolve the tax lien are for payment in full, the lien is removed once the payment is received. If any other type of payment arrangement is made between the taxpayer and the IRS, the lien will remain in effect until the outstanding payment has been discharged fully.

Knowing Your Rights and Responsibilities

It is important for a taxpayer facing a tax lien to understand their rights and responsibilities. Understanding what to do when a tax lien is issued requires the taxpayer to obtain information about tax liens. This information can be easily accessed online and can be useful in a future tax lien situation. If a taxpayer wishes to find out more information regarding federal tax liens, consult with a qualified tax advisor or attorney who specializes in tax liens.