If you owe any back taxes and have not paid them after receiving an IRS notice, you may be facing a potential IRS lien. This involves the IRS placing a lien on all of your property – personal and real.
This is especially true if your ability to repay your tax debt is in question. Whenever the IRS is unable to attach your tax bill to your wages, you are considered at a higher risk for collectibles. Individuals who fall in this high-risk category include self-employed, sporadically employed, and those collecting unemployment benefits.