Tax Help Chicago - Blog

Learn everything you need to know about all things taxes and tax relief in one place. We cover a range of topics to help improve your tax knowledge.

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.