Can the IRS really put a lien on property?
My sister & brother-in-law owes around $36,000 to the IRS from their own business in which they’ve been making small payments. The IRS is getting impatient & wanting the entire balance. They sent them a series of certified letters saying they will put a lien on their property unless they pay the entire amount in 30 days. Is this possible? & if it is, is there anything they can do to keep this from happening (aside from coming up with the whole $36,000)? Yahoo! 4ever Pergjigjuni me Citim • 07-04-2009 07:08 #2 Paul_Ding Anetar/e Reg 23-06-07 Postime 11 Maybe it’s possible, maybe it’s not. If the IRS agreed to the payment schedule, then the agreement is a contract that the IRS *must* honor. A lien gives legal claim to your property and a Notice of Federal Tax Lien may be filed only after: * IRS assesses the liability * IRS sends you a Notice and Demand for Payment or a bill * You neglect or refuse to fully pay the debt within 10 days after you are notified about it. Once there is a lien,
