A silent tax lien is a lien that arises automatically by statute if a tax liability is assessed. If a taxpayer owes money to the IRS, a lien will be filed against them and all of their assets, INCLUDING those assets acquired in the future.
The IRS does not need to contact you to notify you of a lien. They will often file a public notice to let other creditors know that money will be paid to the IRS first. Now a taxpayer's name appears on public lists for lien filings and is sold to companies to market their services. However, a tax lien does not jump ahead of mortgages, Uniform Commercial Code Filings, and other legitimate liens filed before the IRS files a lien.
If a taxpayer owes more than $10,000 or more, there is not much that can be done to stop the filing of the lien. It is best to contact the IRS and resolve the issue.
The IRS has a set of steps they must take before a tax lien is assessed.
If you or someone you know has an IRS nightmare, please feel free to contact me at 702-469-9426 or cstevens@numbercruncherllc.tax.
Silent Lien-Say What?
