Understanding IRS Tax Liens: How They Affect Your Property and Finances

Episode Summary In this episode of Resilience and Resolve, tax attorney Lance Drury talks about the realities of IRS tax liens, how they differ from levies, and their impact on property, credit, and financial decisions. Lance explains the legal process of filing a lien, how it attaches to your property, and what steps taxpayers can take to protect their rights. He also clarifies common misconceptions about liens, discusses their expiration timeline, and shares strategies for dealing with liens when selling or refinancing a home. If you’re facing a tax lien or worried about how it could affect your assets, this episode offers essential insights and practical advice. Key Timestamps 00:26 – What exactly is an IRS tax lien, and how does it differ from a levy? 01:12 – Where and how the IRS files a lien and why it attaches only to property in the county of filing 01:56 – When liens should be released and how title companies complicate the process 02:33 – Why title companies sometimes require liens to be satisfied even when they don’t attach 03:29 – How liens affect your ability to refinance or sell property 04:57 – Do tax liens impact credit scores or borrowing options? 05:48 – What triggers the IRS to file a lien and when it’s likely to happen 06:53 – How and when liens can be withdrawn or subordinated 07:39 – What property liens actually attach to and how the IRS prioritizes collections 08:44 – Do liens expire on their own, and how long do they last? 09:47 – Advice for homeowners with tax liens considering selling their property 10:40 – Common misconceptions about IRS tax liens and how they actually work 12:10 – Why taxpayers now have to do more work to secure lien releases About the Show: “Resilience and Resolve with Lance Drury” provides practical legal insights into IRS matters, tax law, and financial defense strategies. Each episode explores timely and complex tax issues with real-world examples and expert analysis from Lance Drury and his experienced legal team. Learn more at LanceDruryLaw.com Contact Lance Drury’s office for professional tax resolution assistance