Most taxpayers know the IRS can file liens and levy bank accounts, but many are surprised to learn that the IRS can, in certain circumstances, seize and sell real property—including a personal residence. Fortunately, this is relatively rare and subject to strict legal requirements.
What Is a Federal Tax Lien?
When taxes remain unpaid after notice and demand, a federal tax lien automatically arises by operation of law. The lien attaches to virtually all of a taxpayer’s property and rights to property, including real estate, vehicles, and financial accounts.
Can the IRS Foreclose on a […]