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LSDefine

Simple English definitions for legal terms

notice of tax lien

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A quick definition of notice of tax lien:

Notice of tax lien: A document that the government sends to let you know that you owe taxes and that they have a claim against all your property. This means that if you try to sell your property, the government will get paid first. The notice is public, so it can hurt your credit score. The government can take away the notice if they made a mistake or if you agree to pay your taxes in installments. Some states also have their own tax liens.

A more thorough explanation:

A Notice of Tax Lien is a document that the Internal Revenue Service (IRS) releases in public records to inform a taxpayer that they owe taxes. This notice alerts the taxpayer's creditors that the IRS has a claim against all of their property.

For example, if a person owes $10,000 in federal taxes and fails to pay, the IRS may file a Notice of Tax Lien against them. This notice will be made public, and credit reporting agencies may obtain the filing and show it on the taxpayer's credit report, which can harm their credit score.

If the taxpayer has entered into an installment agreement to pay off their tax debt, the IRS may withdraw the Notice of Tax Lien. Additionally, if the Notice was not filed according to IRS procedures, it may be withdrawn.

State tax departments can also issue tax liens. In California, for instance, the Franchise Tax Board can file a Notice of State Tax Lien against a taxpayer who has failed to respond or pay their tax debts in full. This notice can be recorded with one or more local county recorders.

Overall, a Notice of Tax Lien is a serious matter that can have significant consequences for a taxpayer's credit score and financial well-being. It is important to address any tax debts promptly and work with the IRS or state tax department to resolve them.

Notice of Pendency | Notice Pleading

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18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
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