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Posts Tagged ‘what is a lien’

What is a Lien and Why Should Anyone Care?

October 17, 2014  |   Tax Advice,Tax News   |   Tags: , ,  

“Lien” and “levy” are two terms the public hears thrown around a great deal, often within the same sentence. While both are collection measures taken by the IRS, they are very different. A levy often results a taxpayer’s money being taken from his or her wages or a bank account. This is a simple enough concept to grasp. Liens, on the other hand, are very rarely understood by even those who have one placed against ...