I got another “Notice of Federal Tax Lien Filing” notice in the mail yesterday. It came by certified mail so I had to pick it up at the post office today. It covers and so is meant to extend the previous lien they had filed which, last I checked, covered . The amount is due to reach the statute of limitations expiration date in a few months, so they’d better hurry.
The “Notice of Federal Tax Lien” was filed with my local court system by the IRS. It is meant to put the general public on notice that “there is a lien in favor of the United States on all property and rights to property belonging to this taxpayer.” The agency first filed a lien against me in 2018 and then extended it last year. This did not prevent one of my unpaid tax years from being erased by the statute of limitations. If I needed to borrow a lot of money for some reason, I imagine the bank I was trying to borrow from would probably raise an eyebrow when they learned of the lien, but so far none of my projects has involved borrowing money and I don’t anticipate this changing. The liens have had no practical effect on my life thusfar. The only real effect has been that I get a lot of junkmail from legal firms claiming to be able to settle my taxes for pennies on the dollar.
The notice came with a bunch of inserts: Publication 594 (The Collection Process), Publication 1450 (Instructions on Requesting a Certificate of Release of Federal Tax Lien), Publication 1660 (Collection Appeal Rights), Form 668 (Notice of Federal Tax Lien), and Form 12153 (Request for a Collection Due Process Hearing).