Tax Lien Removal

Tax Lien is a lien imposed by law upon a property to secure the payment of taxes. A tax lien may be imposed for delinquent taxes owed on real property or personal property, or as a result of failure to pay income taxes or other taxes.

A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the government’s interest in all your property, including real estate, personal property and financial assets.

If you choose to avoid your taxes, it may have a negative impact on your credit. Missing your taxes can lead to tax liens, which are serious derogatory marks that may occur when you neglect or fail to pay a tax debt. Here’s some information and resources that may help if you’re dealing with a tax lien on your credit report.

What is a tax lien and how does it affect my credit?

Tax liens are complicated and vary in form and details depending on your individual situation. In essence, a tax lien is the government’s claim against all or some of your assets based on your failure to pay a tax debt on time. They may occur at the state or local level, or at the federal level.

These liens come with many possible personal and legal implications. When it comes to your credit, they’re important to pay attention to because they’ll usually show up as public records on your credit report. Like other types of public records, tax liens have a significant negative impact your score.