Federal Tax Lien

A Federal Tax Lien is a legal claim the government places on your property when you fail to pay your tax debts. This lien ensures the government can collect what you owe by securing its interests in your assets, such as real estate, vehicles, and personal property. It can affect your credit and make it difficult to sell or refinance your property. A lien remains until the debt is paid or resolves through an agreement with the IRS. Essentially, it’s the government's way of ensuring they are paid what they are owed.