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  KLSM CPA Firm PLLC 

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What You Need to Know About Tax Liens and Levies

Posted on January 29, 2021 at 2:55 PM

What You Need to Know About Tax Liens and Levies

Failure to pay federal income tax can have serious repercussions. Not only will the IRS likely charge you fines and interest on the unpaid balance, but the IRS may also enforce collection with a tax levy or tax lien. Let's review what a tax lien and tax levy is, how they work, and what you can do if faced with one.

 

 What is a tax lien? 

A tax lien is a federal government lawsuit a...

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