Tax Lien

What Does Tax Lien Mean?
A claim imposed by the federal government to liquidate a person's property until the tax and debt owed is fully paid.

Investopedia explains Tax Lien
Tax liens can be purchased from the government in the form of an investment.

Related Terms

Back Taxes
Encumbrance
Lien
Tax Liability
Tax Lien Certificate
Tax Service Fee
More Related Terms

Related Links

Don't Put Off Your Year-End Plan - From sales tax deductions to credit reports, check out what items should be on your financial checklist.
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How does the marginal tax rate system work?
IRS Asset Seizures: Could It Happen To You? - If you can't pay your taxes, know that the IRS has many avenues for collecting what you owe.

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