What the New IRS Tax Lien Rules mean for You


Recently, the IRS has put in place new regulations pertaining to tax liens. These regulations are meant to make it easier for taxpayers to stay current with their tax obligations and refect the IRS’ efforts to decrease the number of liens.

A tax lien is a right the IRS has to frst priority claims on a taxpayer’s property for the amount of taxes that are unpaid. Very often there is more than one party who has claims on a taxpayer’s property. But when the IRS files a federal tax lien on such property, the IRS will have frst claim on it. In fact, under a lien the IRS has the right to freeze all your bank accounts and instruct all persons or parties that owe you money to pay to the IRS instead until all your taxes are paid up.

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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