A lien is a security interest on a property to guarantee the payment of a debt. Another way to put it, is if you have lien on a property, then that property is held as collateral to ensure the the payment of the debt. While there are various types of liens, some a part of contacts known as consensual, and some ordered by a court known as non-consensual, when the government puts a lien on your property, such as your house, in collateral for unpaid taxes, it is known as a tax lien.
A Utah tax lien is a non-consensual lien that the government can impose on your property once the IRS has taken the proper steps. First the IRS must make a tax assessment of your situation. Next, the government must send you a Notice and Demand informing you of what you owe and that a lien will be imposed if you do not pay. After 10 days of the notice, if you have not paid, the government with place a tax lien on your property which will go into effect retroactively starting the day of you assessment. The maximum a tax lien can last is 10 years, regardless of whether you taxes have been paid or not.
If you are about to have a tax lien placed on you property, or already have a Utah lien on your property, call J. Craig Carman, P.C. at (801) 531-6622, to speak with one of our Utah debt counseling attorneys who will help walk you through your options on how best to deal with your debt.