
Tax Liens 101: Understanding the Impact and Finding Solutions
In the realm of taxation, few terms can evoke as much concern and urgency as “tax liens.” A tax lien is a legal claim imposed by a governmental entity on a person’s property when they fail to pay the owed taxes in time. It essentially signals that the government has a legal right to the debtor’s assets, marking the first step towards potential asset seizure if the taxes remain unpaid.