federal tax lien

Also found in: Dictionary, Financial, Acronyms.
  • noun

Words related to federal tax lien

lien of the United States on all property of a taxpayer who fails to pay the federal government the taxes for which he or she is liable

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References in periodicals archive ?
Since the OIC and supporting documentation had not arrived by March 14, when the SO closed the file, or by March 21, when the IRS mailed the notice of determination, the IRS on those dates had before it no basis for compromising Sze-kely's tax liabilities and thus no basis for disturbing the notice of federal tax lien.
Recent figures indicate that the number of federal tax liens filed by the IRS has increased by 250 percent over the last seven years while, at the same time, the number of tax liens removed by the IRS has remained stagnant.
Once the court determined that each tenant individually possessed present rights under state law, the court held that under federal law, the federal tax lien attached to said property rights within the meaning of 26 U.
CAP is available for taxpayers in the following situations: (1) before or after the IRS files a Notice of Federal Tax Lien or levies or seizes property, (2) if the IRS has terminated or proposed to terminate an installment agreement, rejected an installment agreement, or modified or proposed to modify an installment agreement (IRS Publication 1660, Collection Appeal Rights (2012)).
on a frequent basis and [IRS agents] have not been able to contact the taxpayer") and be subject to a filed Notice of Federal Tax Lien (IRM, [section]5.
If an installment agreement is made, the IRS will probably file a Notice of Federal Tax Lien to secure the Government's interest until the final payment is made.
The individual taxpayer must have an existing filed federal tax lien (IRM [section]5.
Eighteen months later, the IRS filed a notice of federal tax lien against the condo related to those unpaid taxes.
According to a notice of federal tax lien obtained by TMZ, the star purportedly stiffed out 6,257,005 dollars he was to pay in income tax from 2007, reports the Daily Telegraph.
For a flat fee of $450, the service provides a title search, judgment search, county tax search, lis pendens and civil actions search, federal tax lien and search for open permits and code violations.
Along with an unresolved federal tax lien, the image of Rose in the casinos is held up as evidence he has failed to follow the late commissioner Bart Giamatti's command to ``reconfigure'' his life.
11) The new centralized filing appears to comply with the "one office within the state" rule of IRC [section] 6323(F), and therefore should supplant the filing requirements of the Florida Uniform Federal Lien Registration Act (12) as to where a federal tax lien should be filed as against personal property of an individual.
This proposal permits a record owner of property against which a Federal tax lien has been filed to obtain a certificate of discharge of property from the lien as a matter of right.
In 2008, the IRS announced an expedited process to help financially distressed homeowners avoid having a federal tax lien block refinancing a mortgage or selling a home (IR-200S-141).
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