Federal Tax Lien
Federal Tax Liens are filed to protect the government’s interest in your property. This can include real estate, personal property, as well as financial assets like retirement accounts and other investments. If you have a lien filed, it can keep you from financing a home if you’re looking to buy, or even selling your home. If you carry a professional license, a filed lien might mean you lose your license.
There are ways to set up certain types of agreements and work with the IRS to either remove the lien or reduce it’s impact.