IRS Federal Tax Liens Releases : Former Agents can help Miami, Ft. Lauderdale 954-492-0088
Let former IRS Agents help settle your tax problem and help get your Federal Tax Lien Released.
There are only a couple of ways federal tax liens get released. Speak to one of our former IRS Agents and let them personally explain the process to you.
The whole idea is not to have the federal tax lien filed. If the tax lien has not been filed we can do wonders.
If the tax lien has already been filed there are generally only three ways to get the tax lien released.
1 . Pay the Tax in full.
2. Let IRS accept an Offer in Compromise and pay it in full.
3. Lastly, let the ten year statute expire.
Call us for more detailed explanations.
What is a Federal Tax Lien?
Liens give the IRS a legal claim to your property as security or payment for your tax debt. A Notice of Federal Tax Lien may be filed only after:
* IRS assesses the liability;
* IRS sends you a Notice and Demand for Payment – a bill that tells you how much you owe in taxes; and
* IRS neglects or refuse to fully pay the debt within 10 days after we notify you about it.
Once these requirements are met, a federal tax lien is created for the amount of your tax debt. By filing notice of this lien, your creditors are publicly notified that we have a claim against all your property, including property you acquire after the lien is filed. This notice is used by courts to establish priority in certain situations, such as bankruptcy proceedings or sales of real estate.
The federal tax lien attaches to all your property and to all your rights to property. Homes, cars etc.
BEWARE BEWARE BEWARE
Once a federal tax lien is filed, your credit rating will be harmed. Badly!!!
You may not be able to get a loan to buy a house or a car, get a new credit card, or sign a lease. Therefore it is important that you work to resolve your tax liability as quickly as possible, before lien filing becomes necessary.
Releasing a Federal Tax Lien
We will issue a Release of the Notice of Federal Tax Lien:
* Within 30 days after you satisfy the tax due (including interest and other additions) by paying the debt or by having it adjusted, or
* Within 30 days after IRS accepts a bond that you submit, guaranteeing payment of the debt.
In addition, you must pay all fees that a state or other jurisdiction charges to file and release the lien. These fees will be added to the amount you owe.
Usually 10 years after a tax is assessed, a lien releases automatically if we have not filed it again. If we knowingly or negligently do not release a Notice of Federal Tax Lien when it should be released, you may sue the federal government, but not IRS employees, for damages.
Payoff Amount call 1-800-913-6050
The full amount of your lien will remain a matter of public record until it is paid in full, including all accruals and additions. However, at any time you may request an updated lien payoff amount to show the remaining balance due by calling the toll-free customer service telephone number at 1-800-913-6050
An IRS employee will issue you a letter with the current amount that must be paid before we release the Notice of Federal Tax Lien.
Applying for a Discharge of a Federal Tax Lien
If you are giving up ownership of property, such as when you sell your home, you may apply for a Certificate of Discharge. Each application for a discharge of a tax lien releases the effects of the lien against one piece of property. Note that when certain conditions exist, a third party may also request a Certificate of Discharge.
If you’re selling your primary residence, you may apply for a taxpayer relocation expense allowance. Certain conditions and limitations apply. Refer to Publication 783, Instructions on How to Apply for a Certificate of Discharge of Property from the Federal Tax Lien (PDF).
Making the IRS Lien Secondary to Another Lien
Subordination of the Federal Tax Lien
In some cases, a federal tax lien can be made secondary to another lien. That process is called subordination. Refer to Publication 784, How to Prepare Application for Certificate of Subordination of Federal Tax Lien.
Withdrawing Liens
A filed notice of tax lien can be withdrawn if:
* The notice was filed too soon or not according to IRS procedures,
* You entered into an installment agreement to pay the debt on the notice of lien (unless the agreement provides otherwise),
* Withdrawal will speed collecting the tax, or
* Withdrawal would be in your best interest (as determined by the Taxpayer Advocate), and in the best interest of the government.
Federal Tax Lien Inquiries
If you have questions regarding basic lien inquiries such as routine lien releases and lien payoff amounts, contact the Centralized Lien Unit by calling the toll free telephone number (1-800-913-6050).
IRS Federal Tax Liens Releases : Former Agents can help Miami, Ft. Lauderdale
