Federal Tax Lien
A tax lien is a statutory right obtained by the government to enforce a claim against the property of a person owing taxes until the debt is paid.
If you have tax problems, the IRS and State can make your life miserable by filing federal and State tax liens. Tax Liens are public records that indicate you owe the IRS and/or State various taxes. They are typically filed with the County Clerk in the county where you or your business operates.
Because they are public records they will show up on your credit report, tax liens can often make it difficult for you to obtain financing on an automobile or a home. Tax Liens also can tie up your personal property and real estate. Once a Tax Lien is filed against your property you cannot sell or transfer the property.