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Also, since the IRS can use the lien to assist with the collection of your balance, if your debt is significant enough, it may even try to foreclose on your home. Your federal tax lien may even be included in your credit report should a credit reporting company come across the Notice of Federal Tax Lien. What some may not realize is that this also includes “after-acquired property,” which is purchased after the IRS files the lien. It attaches to all property and property rights of the individual who is liable for the taxes. Federal Tax Lien: “All Property and Rights to Property”Ī federal tax lien isn’t exclusive to just one piece of property. Sometimes, a federal tax lien can even go so far as to put your job in jeopardy. Federal tax liens may generally prevent you from borrowing money and could make it difficult to do various things such as get a vehicle, rent a property, or even receive any type of credit. There are additional consequences to having the IRS place a lien against you. It’s so important to resolve a tax lien as soon as possible because the Notice of Federal Tax Lien is a public document. The IRS files a public document, a Notice of Federal Tax Lien, in order to let creditors know that the federal government has the first legal right to your property. You may also receive a lien against you when you fail to pay a tax bill that the IRS sends you. When you do not pay a tax debt, the IRS can place a federal tax lien against your property.