NEW RULES to get your FEDERAL TAX LIEN RELEASED 1-866-700-1040
If you want to get your IRS federal tax lien released there are some new rules as a result of the new IRS fresh start program or initiative that may help you get your federal tax lien released, removed or taken off.
There are many that do not fall under these new rules and if this is the case you should contact us today to hear the different tax options if you do not fall under the new rule requirement.
We are professional tax firm that specializes in IRS tax relief including the removal of the federal tax lien.
We have over 206 years of professional tax experience and over 60 years of working directly for the Internal Revenue Service and the local, district, and regional tax offices of the IRS.
We are true IRS tax experts in IRS Tax Levy, IRS liens, and IRS settlements.
Call us today for free initial tax consultation and let us review the various tax options you have and explore the possibility of getting your federal tax lien released.
New IRS Program – Fresh Start Notice of Federal Tax Liens
The IRS has increased the Notice of Federal Tax Lien filing threshold after decades of crushing millions of taxpayers as a result of the filing of the federal tax lien.
The Fresh Start changes increase the IRS Notice of Federal Tax Lien filing threshold from $5,000 to $10,000.
Notices of Federal Tax Liens may still be filed on amounts less than $10,000 when circumstances warrant.
The IRS will not retroactively apply the new $10,000 lien notice filing threshold and automatically withdraw a previously filed lien.
Requesting a lien withdrawal after the lien has been released
The IRS may now issue a withdrawal of a filed Notice of Federal Tax Lien after the lien has been released.
If you wish to have the Notice of Federal Tax Lien withdrawn, you must request the withdrawal in writing. This is the only way to get the federal tax lien withdrawal.
Please use Form 12277, Application for Withdrawal (PDF). In item 11, Reason for requesting withdrawal, check the last box,
“The taxpayer, or the Taxpayer Advocate acting on behalf of the taxpayer, believes withdrawal is in the best interest of the taxpayer and the government.”
Call us today and we can expedite the processing of this request.
General eligibility requirements are:
1. Your tax liability has been satisfied and your lien has been released,
2. You are in compliance for the past three years in filing,
3. All individual and business returns,
4. All information returns,
5. You are current on your estimated tax payments and federal tax deposits, as applicable.
Notice of Federal Tax Lien withdrawal after entering into a Direct Debit installment agreement
If you are a qualifying taxpayer and meet the eligibility requirements, you may have your filed Notice of Federal tax Lien withdrawn after entering into a Direct Debit installment agreement.
Your request for lien withdrawal must be in writing. This cannot be done by phone. There must be a written record of this request for security reasons.
Please use Form 12277, Application for Withdrawal (PDF). In item 11, “Reason for requesting withdrawal,” check the third box , “The taxpayer is under a Direct Debit Installment Agreement.“
This is the first attempt by the Internal Revenue Service to help those suffering under the weight of the federal tax lien. For years the Internal Revenue Service use antiquated systems in hopes to collect money from the millions of taxpayers at all tax debt to the Internal Revenue Service.
As a result of easing the federal tax lien burden that taxpayers have, we have found that taxpayers can go ahead and borrow money to pay off their tax debt.
In years past because the federal tax lien was filed against the credit and wound up their ruining taxpayers credit scores, it was impossible to borrow money and pay off the IRS. It is about time the IRS got wise.
Qualifying taxpayers are:
a. Individuals,
b. Businesses with income tax liability only,
c. Out of business entities with any type of tax debt. In all reality there is no reason and out of business entity needs a release of the federal tax lien.
Eligibility Requirements are:
1. The current amount you owe must be $25,000 or less,
2. If you owe more than $25,000, you may pay down the balance to $25,000 prior to requesting the lien withdrawal to be eligible,
3. Your Direct Debit Installment Agreement must full pay the amount you owe within 60 months or before the Collection Statute expires, whichever is earlier,
4. You must be in full compliance with other filing and payment requirements
5. You must have made three consecutive direct debit payments,
6. You cannot have previously received a lien withdrawal for the same taxes unless the withdrawal was for an improper filing of the lien,
7. You cannot have defaulted on your current, or any previous, direct debit installment agreement.
If you are currently on a regular installment agreement, you may convert to a Direct Debit Installment Agreement. If you need to do this simply call our office and we can handle the tax representation for you.
Are you a possible IRS settlement candidate???
Call us today to learn more.
NEW RULES to get your FEDERAL TAX LIEN RELEASED – IRS Tax Lien Releases
