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Where to File Your Request it is Important that You File Your Request Using the Address Shown on Your Lien or Levy Notice Form

Where to File Your Request it is Important that You File Your Request Using the Address Shown on Your Lien or Levy Notice Form

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in the complex world of IRS Tax Matters two terms often create confusion IRS liens and IRS levies if you're dealing with IRS tax problems comprehending these terms is a must an IRS lien is a legal claim the IRS places on your current or Future Property to ensure payment of your tax debt think of it as the IRS using your property as collateral for your tax debts a lien however doesn't Grant the IRS the right to seize your assets that's where a levy comes in IRS tax liens can Encompass various properties including real estate and personal property it does not typically extend to intangible assets like bank accounts or retirement accounts an IRS lien is public notifying everyone that the IRS has a claim on your property due to unpaid taxes this can damage your credit rating impact your ability to secure loans and complicate property sales usually an IRS lien lasts until the tax debt is paid or 10 years pass however circumstances like filing for bankruptcy or having

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