federal tax lien (Meaning)

Wordnet

federal tax lien (n)

lien of the United States on all property of a taxpayer who fails to pay the federal government the taxes for which he or she is liable

No Synonyms and anytonyms found

An unpaid debt to the Internal Revenue Service (IRS) can result in a federal tax lien.
A federal tax lien is a legal claim made by the government against an individual or business that owes taxes.
The lien attaches to all property and rights to property belonging to the taxpayer, including real estate, vehicles, and bank accounts.
A federal tax lien can be filed against any individual or business that owes taxes to the IRS.
The IRS may file a federal tax lien if the taxpayer has neglected or refused to pay taxes owed.
Once a federal tax lien is filed, the IRS can take steps to collect the delinquent taxes, such as seizing and selling the taxpayer's property.
Filing a federal tax lien can damage a taxpayer's credit score and make it difficult to obtain loans or credit cards.
A federal tax lien can remain on a taxpayer's record for up to 10 years, even after the debt has been paid in full.
There are several ways to resolve a federal tax lien, including paying the debt in full, entering into an installment agreement with the IRS, or filing for bankruptcy.
Seeking professional advice from a tax attorney or accountant is recommended if you are facing a federal tax lien.

lien of the United States on all property of a taxpayer who fails to pay the federal government the taxes for which he or she is liable

No synonyms found.

No antonyms found.

An unpaid debt to the Internal Revenue Service (IRS) can result in a federal tax lien.

A federal tax lien is a legal claim made by the government against an individual or business that owes taxes.

The lien attaches to all property and rights to property belonging to the taxpayer, including real estate, vehicles, and bank accounts.

A federal tax lien can be filed against any individual or business that owes taxes to the IRS.