The lien attaches to all of your assets, personal or business (real estate, securities, vehicles), as well as future assets acquired in the period of the duration of the lien. For more information refer to Publication 594, The IRS Collection Process.
While NFTL’s no longer appear on credit reports, they may still affect your ability to get credit if a potential creditor uses other resources, such as public records, to discover the NFTL. Once a lien arises, the IRS generally won’t release it until you’ve paid the tax, penalties, interest, and recording fees in full or until the IRS is no longer legally able to collect the tax. However, in certain circumstances a lien may be withdrawn, discharged, or subordinated. Visit Liens on TAS Get Help for further information.