View Post

WHAT YOU NEED TO KNOW ABOUT FEDERAL TAX LIENS AND LEVIES

In Installment Agreement, Tax Levies, Tax Liens by Larry JonesLeave a Comment

A. Introduction In order to protect the revenue, Congress has provided an administrative means of collection on IRS assessments by attaching a lien to the taxpayer’s property. To expand further, this lien (often referred to as the “general” or “statutory” lien) not only attaches to all of the taxpayer’s property, but to all of the taxpayer’s rights to property, whether …