Automatic Tax Lien

Business, Legal & Accounting Glossary

Definition: Automatic Tax Lien


Automatic Tax Lien


Full Definition of Automatic Tax Lien


A means used by the Internal Revenue Service to collect unpaid tax. If an individual fails to pay his taxes even after demand letters are sent to him, the IRS automatically attaches a lien not only on his properties but also on his property rights as well. Some relief from an automatic tax lien includes appeal, paying the amount of tax including penalties and interest and entering into compromise agreement with the IRS.


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Automatic Tax Lien. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 29, 2021 https://payrollheaven.com/define/automatic-tax-lien/.
Chicago Manual of Style (CMS):
Automatic Tax Lien. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/automatic-tax-lien/ (accessed: November 29, 2021).
American Psychological Association (APA):
Automatic Tax Lien. PayrollHeaven.com. Retrieved November 29, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/automatic-tax-lien/

Definition Sources


Definitions for Automatic Tax Lien are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.