Tax liens on real estate: Filed where I live or where my property is located?
Here is a situation from a reader showing why location counts when it comes to Federal tax lien filings:
The IRS has filed a tax lien against me where I live in Hamilton County, Ohio. But I own real estate in North Carolina, and there are no tax liens filed against me there. Does the IRS have to file a lien in the [...]
What’s the difference between an IRS tax lien and a tax levy?
The IRS has two ways to collect back taxes: a Federal tax lien and tax levy. A tax lien is different from an IRS levy – the lien does not result in the IRS taking your property from you. That is done by levy.
You have rights to defend the filing of a lien, and prevent the issuance of a levy. To be able to [...]
IRS collection priorities and trends for 2010
What to expect from the IRS collection division in 2010:
1. More aggressive IRS tax lien filing practices.
IRS Revenue Officers have been instructed to make decisions on the filing of Federal tax liens within 10 days of case assignment. The IRS hit an all-time low for lien filings in 1999 of 167,000. That has rebounded [...]
When does a Federal tax lien expire and become unenforceable?
IRS tax liens are not forever. They do expire – here is an overview of when:
For starters, the IRS has 10 years to pursue you for the unpaid taxes that caused the lien to be filed. The 10 years starts on the date you began owing the IRS money.
After the 10 year collection timeframe expires, [...]
