Q: What is a "Tax Lien"?
A: An IRS tax lien is action taken by the government staking it's claim on a chosen asset of yours, as well as placing a mark on your credit record as a result of an unpaid and overdue tax liability. Liens can hamper your ability to obtain credit,and should be dealt with asap. Liens are typically a permanent fixture until the tax liability that the lien is predicated on is satisfied, or paid in full. Liens can sometimes be removed, or subordinated prior to or without a tax liability being fully paid. Call a good tax attorney for ways this can be done.