Tax Lien Law

Tax lien law refers to the legal claim the government can place on your property when you fail to pay your income taxes. When you owe back taxes, the IRS can file a lien, which essentially secures its right to collect the debt. This may affect your credit and can hinder your ability to sell or refinance your property. To remove a lien, you typically need to pay off your tax debt or negotiate a payment plan. Understanding this law helps you manage your finances and avoid complications with the IRS.