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One of the most detrimental effects to businesses and individuals of incurring federal tax liabilities is the IRS’s filing of a federal tax lien. In addition to harming negatively impacting a taxpayer’s credit rating, a tax lien can affect an individual’s ability to sell assets, such as real estate, to obtain financing, or in certain circumstances to secure employment. In this podcast we will explain what a federal tax lien is, the impact the filing of a lien can have, and what can be done to address a lien.
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