A means used by the Internal Revenue Service to collect unpaid tax. If an individual fails to pay his taxes even after demand letters are sent to him, the IRS automatically attaches a lien not only on his properties but also on his property rights as well. Some relief from an automatic tax lien includes appeal, paying the amount of tax including penalties and interest and entering into compromise agreement with the IRS.
Related information about automatic tax lien:
- Silent Automatic Lien Definition | Investopedia
... taxes when less dramatic measures, such as sending letters to the delinquent taxpayer, have failed. A silent automatic tax lien is one of two types of tax liens.
- What is automatic tax lien? definition and meaning
Definition of automatic tax lien: A means used by the Internal Revenue ... Some relief from an automatic tax lien includes appeal, paying the amount of tax ...
- Foley Hoag LLP - IRS Tax Lien Practices Eased
Mar 22, 2011 ... The new IRS program proposes to increase this automatic tax lien trigger to tax delinquencies of $10,000 or more. Release of Tax Liens ...
- How to Deal With a Federal Tax Lien
Mar 7, 2009 ... You can't escape a valid automatic tax lien without (a) paying the tax, ... An automatic tax lien will not appear in any public record, such as a ...
- Federal Tax Lien - Know How to Deal With It | Tax Relief Blog
Feb 8, 2011 ... In order to get rid of automatic tax lien, you would need clear tax ... In case of an automatic tax lien, it would not appear in any public record.
- IRS Enforced Collection: Liens and Levies - The Tax Law Offices of ...
You can't escape a valid automatic tax lien without (a) paying the tax, interest, and penalties owed, (b) eliminating it in bankruptcy, (c) reducing and paying it ...
- Vermont (VT) Tax Lien Sales | Tax Lien and Tax Deed States
There is an automatic tax lien on real estate as soon as the grand list is lodged in the town clerk's office;; Taxes "run" with the property. If the property is sold with ...
- Estate Taxes by State - Understanding Maine Estate Taxes
Apr 15, 2009 ... Aside from this, even if an estate is valued under $1,000,000, Form 706ME-EZ must be filed in order to remove the automatic tax lien that's ...