I am making monthly payments to the IRS for $8000 back taxes resulting form my small business going bankrupt.
The IRS now has a Lien which shows up in my credit report.
I don't really understand a Lien. I don't own property and I live paycheck to paycheck. I own a 10 year old car.What does the LIEN mean? Would it keep me from getting a car loan for example. How does it restrict me financially? JK

