IRS tax liens are serious, spoiling your credit, preventing real estate closings, and damaging your reputation. They are usually correct, but not always. And they sometimes are not removed even after you have fully paid off the IRS. These are among the reasons you would be upset if you didn’t know there was an IRS lien filed against you. A new report, from the Treasury Inspector General for Tax Administration says some lien notices are mishandled.
In fact, the report says an estimated 24,237 taxpayers may have been adversely affected by tax liens where IRS notices went awry, appeal rights weren’t explained, etc. To be fair to the IRS, the report says in most cases the IRS mailed out the lien notices explaining the taxpayer’s appeal rights. IRS employees typically followed the correct procedures when a notice could not be delivered by the post office. Read more at forbes.com