including the imposition of a federal tax lien by the IRS. This lien acts as a legal claim against your property, such as your home, car, and bank accounts, for the amount owed to the government.

Understanding the difference between a tax lien and a tax levy is crucial for taxpayers. Continue reading A tax lien is the first step before a levy. It establishes a legal claim to the taxpayer ...

More From Newsweek Vault: Rates Are Still High for These High-Yield Savings Accounts Explore the interactive map below to see what your state's tax burden is. For instance, New York and ...

There are two main types of tax sales: tax lien sales and tax deed sales. In a tax lien sale, the county sells the lien on the property, allowing the buyer to collect the debt (with interest ...

“I think this is what happened: (The Spauldings) probably paid the tax lien off and probably the city did discharge it and it was lost in the mail.” Both Lee and Jabar said they have dealt ...

Clear Start Tax explains that while many people use the terms interchangeably, a tax lien and atax levy are two very different stages of IRS enforcement. Knowing the difference is essential for ...