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What are tax liens? Can the IRS take your assets?
Video Transcript
Tax liens federal tax needs to be exact what is a federal tax Center Federal Tax Lien is a judgment filed by the Internal Revenue Service against any taxpayer that has debt now there are a few things you need to know about federal taxes and how it affects you number one federal tax lien now as of April of 2018 does not go on your credit report so good piece of information to know it should not affect your score however a deeper dive will reveal that there is a tax lien filed against you number two when does a federal tax lien get filed is it immediate no IRS usually will work with you if you owe up to fifty thousand dollars on making an arrangement and avoid the filing of a federal tax lien but once you owe more than fifty thousand dollars they will file a tax lien now if you owe more than fifty thousand dollars and you don't want to have a tax money filed there are some things you can do to avoid the lien being filed and that's why you need us so that we can work through what the scenarios are that can get you to that point other thing you should know about federal tax liens and when it could potentially affect you is if you're selling a house if you're trying to refinance on your property otherwise the federal tax lien does not take assets away from you it is not a seizure what the federal tax lien does is go on title on your property or any other asset that you have and if there's a transaction that's going to take place with that property it'll show up when escrow is completing the transaction and they will want to get paid just because you have a federal tax lien on your property doesn't mean that you can't sell your property either there are things you can do to complete a transaction and again that is something that our office can assist with in getting your tax property sold or your property sold without the tax lien on it so the buyer can buy it free of that judgment if you need help with IRS tax office if you're unsure of whether you should have IRS tax lien filed please call us we can walk you through what your options are you may have options you may not we'll let you know what they are if you do and we are more than happy to help you with that for more information on IRS tax liens or any other items related to having back taxes or potential questions you have without having any troubles with the IRS go to our website victorytaxlaw.com information regarding IRS tax liens is in an article as well as frequently asked questions and other articles that can be helpful and specific to your situation
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Attorney-Reviewed Content
This content was written and reviewed by the licensed tax attorneys at Victory Tax Lawyers, LLP. Our attorneys specialize in IRS tax relief and are licensed members of the California State Bar with a nationwide practice.
Last Reviewed: 2026 · Meet Our Attorneys →