What happens after the IRS puts a lien on my property?

The length of time for a tax lien depends on the amount owed and when the lien was filed. Generally, a lien lasts for 10 years from the date the tax was assessed, but the IRS can file a new lien if the debt is not paid in full. It is important to resolve the tax debt as soon as possible to avoid further penalties and interest, and to release the lien from your property.

When the IRS puts a lien on your property, it means they have a legal claim to it as collateral for unpaid taxes. This can affect your ability to sell or refinance the property until the lien is resolved. The IRS will typically send you a notice of the lien and you have the option to appeal or pay the amount owed to release the lien. If the lien is not resolved, the IRS may eventually initiate a seizure of the property.

How long does the tax lien last?