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Posted by James on July 20, 2003 at 00:18:59:
In Reply to: Got Tax lein on home..what does this mean? posted by Aly on July 18, 2003 at 23:40:19:
When you say taxes are you referring to property taxes or IRS taxes? I am surprised that either would file a lien so quickly. On property taxes, you are usually given a number of notices. the interest penalties are pretty steep the first few months. It takes several years of tax delinquency before the attys go to court. In this case you have ample time, but don't let it go. After another year it will be tougher to scrape together enough money for both years. Many times the attys will allow you a payout if you can come up with enough up front money.
Second case, If this is IRS and if this is just for the 2002 Income Taxes, they are probably trying to get your attention. They usually give you a notice first. But this fast is unusually. And you can worjk out a payment plan with them.
Are you sure this is a tax lien or a notice that a tax lien may/will be filed if this is not paid? Also, check the year that caused this tax lien to be filed. Could be from previous years.
: I am confused as to what a Tax lein is?
: We havent paid our 2002 taxes. We got a letter in the mail saying there is now a tax lein on the house. We dont want to lose the house, but cant pay the whole amount right now. What exactly can we do? Can they kick us out of our house for being a few montrhs late on taxes? Please help and thanks in advance.
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