When Eddie Fisherâs best friend, producer Mike Todd, was killed in a 1958 plane crash, Mr. Fisher comforted the widow, Elizabeth Taylor. Amid sensationalist headlines, Mr. Fisher divorced Reynolds and married Taylor in 1959. The Fisher-Taylor marriage lasted only five years.
Definition of 'Federal (Tax) Lien'. A Federal (Tax) Lien is a federally authorized lien or security placed against any and all assets of a taxpayer who has unpaid back taxes. What is a Federal Tax Lien: The federal lien allows the Internal Revenue Service (IRS) to secure or otherwise requisition the taxpayer's property in order to secure payment.
With a tax lien in place, it gives legal claim to the IRS over that piece of property that the lien was placed and removes your rights to the property. Moreover, tax liens are public records. Effects of a Tax Lien. A tax lien makes it very difficult to get any credit to make additional large purchases, such as a boat, car, or house.