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However, if you earn over $100,000 a year, this deduction begins to phase out, until is actually also completely gone for taxpayers earning $150,000 and above annually. Clients should be aware that different rules apply once the IRS has now placed a tax lien against them. A bankruptcy may relieve you of personal liability on the tax debt, but in some circumstances will not discharge a properly filed tax lien. After bankruptcy, the government cannot chase you personally for the debt, nevertheless the lien stay in on any assets that means you will not able to market these assets without satisfying the outstanding lien.

- this includes your homes. Depending upon the lien any time filed, might be be could to attack the validity of the lien.