What It Means When the IRS or California Files a Tax Lien?

What is a Tax Lien?

A tax lien is a legal claim on your property from the federal or state government when taxes are unpaid. A government entity can place a lien on different types of assets:

• Real estate
• Bank accounts
• Business assets
• Property acquired in the future

Receiving a notice of a lien can be alarming and cause distress about losing assets or property. Thankfully, it does not automatically mean the IRS or the State is about to seize your possessions.

How to Begin Tax Resolution

Tax liens are filed against taxpayers when notices remain unanswered or balances are unresolved after a period of non-compliance. While a lien is a serious action, it’s common that making proactive steps can make a meaning difference.

Your first step to tax resolution is understanding your situation:

• Why the lien was filed
• Which tax years and balances are involved
• Whether returns are missing or incorrect
• What enforcement actions may or may not come next

The professionals at Tax Crisis Institute are focused on helping taxpayers understand their situation, where they stand with the federal or state government, and their available options based on their circumstances. Once you have a clear understanding, you can make informed decisions on tax resolution.

Schedule Your Confidential Consultation

Discuss your tax situation with one of our tax professionals to get resolution and peace of mind.