Glossary

A public record lien is a legal claim against your property, usually due to unpaid debt. This can affect your ability to sell, refinance, or transfer property ownership.

Priority of claims refers to the order in which debts, including taxes, are paid when someone has multiple financial obligations and limited assets. Understanding this order is crucial in situations like bankruptcy or asset liquidation.

Tax lien removal is the process of releasing a legal claim the government places on your property due to unpaid taxes. Removing a tax lien can improve your financial standing and clear your property title.

A tax lien release is an official document from the IRS or a state tax agency confirming that a tax debt has been paid, and the lien on your property is removed. It’s a crucial step in resolving tax issues and clearing your property title.

A withdrawal of lien is when the IRS releases its public claim against your property for unpaid taxes. It’s a good thing and means you've satisfied your tax debt.

A discharge of lien is the official release of a legal claim against your property, often occurring after a debt like a tax liability is fully paid. It signifies that the creditor no longer has rights to your property due to the debt.

Bankruptcy can impact tax liens, but it doesn’t automatically eliminate them. Understanding how these two interact is crucial for managing your finances and protecting your property.

A Taxpayer Identification Number (TIN) is essentially your unique ID number with the IRS, like a social security number but for tax purposes, and it's vital for filing taxes and other financial transactions.

The Taxpayer Advocate Service (TAS) is an independent organization within the IRS that helps taxpayers who are experiencing problems with the IRS. They offer free help to individuals and businesses facing difficulties.

An abstract of judgment is a public record that creates a lien against a debtor's property. It's a legal tool used to collect on debts, including tax debts.