Statutory Lien

Arises against a taxpayer upon the assessment of a tax delinquency by the IRS. However, in order to initiate seizure action the lien must be perfected, in other words, filed in the Recorder of Deeds office.

See Also:

• Incorrect Lien;
• Lien Subordination;
• Lien Withdrawal;
• Notice of Federal Tax Lien;
• Special Release of Tax Lien;
• Tax Lien;
• Automated Collection System (ACS);