Property Subject To Tax Liens

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What property can be subject to a tax lien?

Property Subject To Tax Liens

To help give a better idea about what property the IRS can place a federal tax lien on, here are just some of the items.

Alimony payments. If you are planning on receiving alimony payments and owe back taxes, the IRS can file a tax lien against the amounts due you.

Real property. Real property is also known as real estate. If you have an interest, or own, some real estate, the IRS can place a tax lien claim on it.

Tangible personal property. Tangible personal property involves any property you own that is easily movable and has substance. For instance, cars, vehicles, signs, furniture, computers, home furnishings, etc. If you owe back taxes, the IRS may file a federal tax lien claim against your tangible personal property.

Intangible personal property. Intangible personal property is defined as items that have no substance. You cannot put a finger on them. Examples of intangible personal property include your company's receivables, stocks, bonds, licenses, franchises, royalties, etc. Anyways, intangible personal property can also face a federal tax lien.

There are, of course, limits and conditions that apply to tax liens and affected property. Visit the IRS website for more information.



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