Tax Liens

A tax lien is a bond or security interest placed on property to secure the payment of taxes. Tax liens can be the result of delinquent Property Tax, or even from failing to pay other taxes such as Income Tax.

The unique thing about a tax lien, setting it apart from other forms of taxation, is that in the case of real estate the tax lien "runs with the land." In other words, the lien stays with the property, regardless of whether the property is sold or transferred to another owner. Thus, the owner of a property under a tax lien might not even be the person whose original delinquency created the lien.

If you find yourself under a tax lien, you should consult with a qualified Tax Attorney to find out what your options are.


Tax Term of the Day

Marital Status

Marital status is the primary factor used in determining the filing statuses available to a taxpayer.

Category: Tax Law


Latest Tax Question

Why am I being Audited by the IRS?

There are certain factors that the IRS looks for on a tax return that can lead the IRS to select a given tax return for an audit. The IRS keeps the exact list of those factors and the formulas it uses to evaluate them a secret.

Category: Tax Law




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