What are the purpose and significance of IRS filing a tax lien against me?
A tax lien, usually filed with your county recorder, serves as notice to those who may loan you money (home or car loan, bank loan, credit card advances, etc.) that once the lien is filed IRS’s claim against you for taxes will come before those of anyone loaning you money after the filing. With certain exceptions it attaches to all property, real and personal, tangible and intangible, in which you have an interest, wherever the property may be located. It does not result in the seizure of any property, real estate or other forms. Further, before IRS can file a lien against your property it must give you 30-day notification that it intends to do so, which may give you time to make payment or other arrangements.
