If you owe under $25,000 to the Internal Revenue Service and you are current on all your tax filings it is very possible that you can get your federal tax lien released.
Federal Tax Lien Withdrawals
The IRS has modified there procedures that will make it easier for taxpayers to obtain lien withdrawals.
The Different Ways for FTL Releases
Federal Tax Liens will now be withdrawn once full payment of taxes is made if the taxpayer requests it.
The IRS has determined that this approach is in the best interest of the government.
In order to speed the withdrawal process, the IRS will also streamline its internal procedures to allow collection personnel to withdraw the liens.
Direct Debit Installment Agreements and Liens
The IRS is making other fundamental changes to liens in cases where taxpayers enter into a Direct Debit Installment Agreement (DDIA).
For taxpayers with unpaid assessments of $25,000 or less, the IRS will now allow lien withdrawals under several scenarios:
- Lien withdrawals for taxpayers entering into a Direct Debit Installment Agreement.
- The IRS will withdraw a lien if a taxpayer on a regular Installment Agreement converts to a Direct Debit Installment Agreement.
- The IRS will also withdraw liens on existing Direct Debit Installment agreements upon taxpayer request.
Liens will be withdrawn after a probationary period demonstrating that direct debit payments will be honored.
In addition, this lowers user fees and saves the government money from mailing monthly payment notices.
Federal Tax Lien Releases if you owe Under $25,000 – Former IRS, Fresh Start Tax LLC
