Taxes, IRS Lending, Houston

Tax Lien: What Is It?

A tax lien is a claim the government makes on your property, including real estate and other assets, when you’re past due on your income taxes.

If you don’t take care of a federal tax lien, a tax levy could come next. A tax levy is the actual seizure of property to pay taxes owed. Tax levies can include things such as garnishing your wages or seizing assets and bank accounts.

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