IRS Liens

If your taxes are not paid, the IRS can establish a lien against all of your assets, especially real estate. This action gives the IRS the legal right to collect taxes from the sale of your assets.

The lien can be against you, your spouse, or your company. A lien against your company would seize your accounts receivables.

Liens filed against you by the IRS show up on your credit report and often prevent you from opening a checking account, borrowing against any assets, like your home, getting an automobile loan, or buying or selling any real estate.