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When can IRS file a Tax Lein?

April 26, 2017file IRS lein tax

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When can IRS file a Tax Lein?

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A Notice of Federal Tax Lien may be filed only after the IRS assess a tax liability. The IRS will send you a Notice and Demand For Payment – a bill that tells you how much you owe in taxes. If you neglect or refuse to fully pay the debt within 10 days after you are given notice a lien is created for the amount of your tax debt. By filing notice of this lien, your creditors are publicly notified that the IRS has a claim against all your property, including property you aquire after the lien is filed The lien attaches to all your property ( such as your house or car) and to all your rights to property (such as your accounts receivable, if you are a business).