Tax Liens

A tax lien is a bond or security interest placed on property to secure the payment of taxes. Tax liens can be the result of delinquent Property Tax, or even from failing to pay other taxes such as Income Tax.

The unique thing about a tax lien, setting it apart from other forms of taxation, is that in the case of real estate the tax lien "runs with the land." In other words, the lien stays with the property, regardless of whether the property is sold or transferred to another owner. Thus, the owner of a property under a tax lien might not even be the person whose original delinquency created the lien.

If you find yourself under a tax lien, you should consult with a qualified Tax Attorney to find out what your options are.

Tax Term of the Day

Offer in Compromise

An offer in compromise is one of the programs offered by the Internal Revenue Service to allow someone to satisfy the tax liability owed by paying less than the full balance.

Category: Tax Law

Latest Tax Question

How can I find a tax advisor in Fleming county, Kentucky?

Finding the right tax advisor can be as simple as asking the right questions.

Category: Tax Law

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