Page 26 - OIC Guide

Notice of Federal Tax Lien

- A lien is a legal claim against all

your current and future
property. When you don? pay
t
your first bill for taxes due, a lien
is created by law and attaches to

your property.
- A Notice of Federal Tax Lien

(NFTL) provides public notice to

creditors. Federal Tax
- The IRS files the NFTL to

establish priority of the IRS claim
versus the claims of certain Lien

other creditors.
- The IRS may file a NFTL at any

time. You may be entitled to file

an appeal under the Collection - Note: A Notice of
Appeals Program (CAP) before Federal Tax Lien

this occurs or request a (NFTL) will not be
Collection Due Process hearing

after this occurs. filed on any
- The IRS may be entitled to any individual shared

proceeds from the sale of responsibility

property subject to the lien(s).
- If you sell the property prior to payment under the

the release of the lien, property Affordable Care Act.
sale proceeds over and above

the offer amount may be
applied to your tax liability, even

if your offer has been accepted

and not yet paid.