The Taxpayer Times

Tag: lien-vs-levy

  • Federal Tax Lien: What It Means and How It Gets Resolved

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    by

    Joy
    in

    When taxpayers receive IRS Letter 668(Y), their reaction is often immediate anxiety. The words “Notice of Federal Tax Lien” feel sudden and severe, especially when the letter arrives without any sense that this was about to happen. What makes this letter different from most IRS correspondence is the timing. By the time Letter 668(Y) reaches…