Irs Tax Lien

Business / Real Estate / Irs Tax Lien: A federal tax lien, or Internal Revenue Service (IRS) tax lien, results from a persons failure to pay any portion of federal taxes, such as income and withholding taxes. A federal tax lien is a general, statutory, involuntary lien on all real and personal property held by the delinquent taxpayer. Its priority, however, is based on the date of filing or recording, it does not supersede previously recorded liens.

Other Words for Tax

Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
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Statutory Lien

Business / Real Estate / Statutory Lien: A lien imposed on property by statute—a tax lien, for example—in contrast to an equitable lien, which arises out of common law. MORE

Split-Rate Tax System

Business / Finance / Split-Rate Tax System: An option on an option. The buyer generally executes the split fee with first an initial fee, with a window period at the end of which (upon payment of a second fee) the original terms of the option m MORE

Specific Lien

Business / Real Estate / Specific Lien: A lien affecting or attaching only to a certain, specific parcel of land or piece of property. MORE

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