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Simple English definitions for legal terms

tax lien notice

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A quick definition of tax lien notice:

A tax lien notice is a document that the government sends to a taxpayer to let them know that they might lose their assets because they owe taxes. The notice is also made public so that creditors can see that the government has a claim against the taxpayer's assets. This can hurt the taxpayer's credit score because credit reporting agencies can see the notice. The government can take away the notice if they made a mistake or if the taxpayer agrees to pay the taxes in installments. Some states also have tax liens that work the same way.

A more thorough explanation:

A tax lien notice is a document issued by the Internal Revenue Service (IRS) or state tax department to inform a taxpayer that they owe taxes and risk losing their assets. The notice is recorded in public records, which alerts creditors that the IRS or state tax department has a claim against the taxpayer's assets.

For example, if a taxpayer fails to pay their federal taxes, the IRS may issue a tax lien notice. This notice will be recorded in public records, and credit reporting agencies may obtain the filing and show it on the taxpayer's credit report, which can harm their credit score.

If a taxpayer wants to remove the tax lien notice, they can enter into an installment agreement with the IRS or state tax department to pay off their tax debt. Once the debt is paid, the tax lien notice will be withdrawn.

State tax departments can also issue tax liens. For instance, in California, the Franchise Tax Board can file a Notice of State Tax Lien against a taxpayer who fails to pay their state taxes. This notice can be recorded with one or more local county recorders.

Overall, a tax lien notice is a serious matter that can have significant consequences for a taxpayer's credit score and financial well-being. It is essential to address any tax debt promptly and work with the IRS or state tax department to resolve the issue.

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yeah there are so many good cuisines in ithaca
renard99
22:31
@lilypadfrog: that’s a pity I’da be liking them all
texaslawhopefully
22:31
Only food I’m going to miss for sure if I leave Texas is texmex
22:31
waspy hasnt had thai food in ithaca yet. ithaca thai is so good
^^^^ truuuuuu
22:32
there are two major thai places and they have very similar names bc a divorced husband and wife own them lol
22:32
personally i think taste of thai is better than taste of thai express but thats just me
i had pho tho and it was really good and huge portions
texaslawhopefully
22:32
Glad they have good Thai food, I love Thai food! Can’t wait to visit :)
22:33
when tex goes to ithaca i want to come
Dkk
22:34
Crying Tiger, best Thai dish.
damn im so hungry all i had today was a curry tonkatsu and buldak
and it was a lil baby noodle cup
vvv hungry
22:36
curry tonkatsu so yummeh
22:36
whats even open rn? pizza?
CTB is it i think
22:37
is collegetown pizza not open
22:37
i used to get a slice from there or wings over at like 1am after my shift at the restaurant
Dkk
22:48
Ross Ulbricht free. God Bless Trump. Huge win.
JeremyFragrance
22:54
agreed
texaslawhopefully
22:55
This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/
Dkk
23:01
I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.
ross ulbricht tried to hire a hitman to kill 5 people
i am not that sympathetic to him
Dkk
23:04
@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.
Dkk
23:05
Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.
texaslawhopefully
23:05
@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.
Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
i've been away for a while what were the most recent waves? any this week?
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