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Form 668Y is the form used by the IRS when the IRS files a tax lien.  The form will state the taxpayer, type of tax owed, the amount of tax and period of tax.  Generally, the IRS will file Form 668Y in the county where the taxpayer lives or conducts business and the county or counties where the taxpayer owns real property.  The IRS lien gives notice to creditors that the lien exists and becomes public knowledge.  Further, the tax lien will likely impact the taxpayer’s credit.

The video below has been prepared by a tax attorney at The McGuire Law Firm to provide additional information regarding a tax lien.  The McGuire Law Firm has offices in Denver, Colorado and Golden, Colorado.  You can contact the firm to schedule a free consultation with a tax attorney.

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