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A/R Finance & Factoring Terms GLossary

What isIRS Tax Lien

A federal tax lien is the legal claim of the government against your property because of nonpayment or neglect of tax debt. The IRS can levy, seize and sell any type of real or personal property that you own or have an interest in, for example, your ownership in a company, if you don’t pay or make arrangements to settle your tax debt.

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