A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The tax lien protects the government’s interest in all of your property, including real estate, personal property and financial assets.
If you neglect or refuse to pay your IRS Tax Debt by the date on your Notice the IRS will file a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.
The best way to remove an IRS Tax Lien is to pay your Tax Debt in full and the IRS will release your tax lien within 30 days of your debt being paid in full.
When conditions are in the best interest of both the IRS and the taxpayer, other options for reducing the impact of a lien exist.