It’s right up there on the list of questions no business owner wants to have to deal with: What happens if my business gets slapped with a tax lien?
A tax lien is just what it sounds like — a claim upon your assets as a consequence of unpaid taxes. At the federal level, the IRS filed just over 470,000 tax liens in 2016. (You can learn a lot more about the IRS’ practices and policies on liens and levies at www.irs.gov/businesses/small-businesses-self-employed/understanding-a-federal-tax-lien.)
But the power to file a tax lien doesn’t stop there. “You can assume that any taxing authority has a
