by 
The Curious Bag
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The Internal Revenue Service (IRS) is the branch of the U.S. government that collects taxes. The IRS has several methods available to enforce the tax laws, including placing a lien on your property.
Grounds
If you wait too long to pay your taxes, the IRS will bill you for the amount you owe, to satisfy your obligations. If you do not respond within 10 days, the IRS may place a tax lien on your property.
Effects
A tax lien damages your credit rating because the government can legally claim a stake in your property. You can't sell or transfer property that has a lien against it, and it is much harder to borrow money against the property.
Appeals
If the IRS was in error when it filed the lien, you can ask an IRS manager to review the case. The government may have made a clerical error or applied the lien while you were declaring bankruptcy.
Repayment
A tax lien will be held against your property until you have paid the full amount of the tax, penalty and interest money you owe. Certain local fees may also be required to lift the lien.
Case Conclusion
A lien may also be withdrawn if a taxpayer advocate determines that such an action will quickly resolve the payment issue. A lien is automatically withdrawn if it is in place for 10 years and the IRS doesn't renew it.
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