Tax Attorneys in Raleigh, North Carolina
The Statutory Federal Tax Lien
If you do not pay the entire assessed amount of tax after notice and demand, a lien in favor of the IRS automatically attaches to all of your property. The lien is effective from the date the IRS assesses the tax. The federal tax lien is a very broad lien and attaches not only to all of your property, but also rights to property and after acquired property. A federal tax lien typically lasts until the tax liability giving rise to the lien is satisfied or the statute of limitations on collections expires.