IRS Federal TAX Property Liens Underwater (tags)
Federal IRS TAX Collection CRISIS Averted The major Federal tax enforcement and collection system in the United States is in jeopardy. Billions of dollars in IRS property liens are "underwater". IRS property lien collection payments and wage garnishments, based on a persons employment and property ownership, is in a catastrophic state of failure. The United States Federal Government has averted this failure by buying the mortgages and banks that hold these liens and write the paychecks.