The lien can be against you, your spouse, or your company. A lien against your Campton Hills company will seize your accounts receivable. At this point, everything you own is just one short step away from becoming the property of the United States Government.
Campton Hills IRS Liens filed against you also show up on your credit report. They often prevent you from opening a checking account or borrowing against any assets, like your home. Banks don’t want the extra work when the IRS comes in to take your money.
With a Federal Tax lien on your record, you can’t get a reasonable loan to purchase a car in Campton Hills. Think about paying 18-22% interest on a vehicle that is already too expensive for your budget. You definitely cannot buy or sell any Real Estate. The list is endless.