What do I need to do to get an IRS Lien Release? www.2020taxdebthelp.com.

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Presentation transcript:

What do I need to do to get an IRS Lien Release?

If you're here to truly understand how to get an IRS lien released then let us begin by commending you on being proactive about your tax debt.

1. Full Payment of Tax Lien Debt It's important to clarify that if you are intending to send a check to the IRS to release a lien and you have some tax debt for periods without liens, you must ensure that your payment is applied properly or you could still have a lien AFTER making your payment. Full payment of your tax debt through a completed Installment Agreement or Offer in Compromise should satisfy the lien as well.

2. Withdrawal of the Tax Lien To clarify, a withdrawal is different than a removal in that a withdrawal takes the lien off your credit report as if it was never filed. A removal indicates that the IRS no longer has the lien rights, but it will still show on your credit report that a lien was filed. The IRS has initiated some exciting new "fresh start" programs that allow for certain taxpayers, that meet specific criteria, to enter into payment agreements and have their tax liens withdrawn all together.

3. Refinance or Sell Property These formal processes are called IRS Tax Lien Subordination or Discharge requests. These two options come into play when you want to sell or refinance property, but the IRS tax lien is in the way. In select situations, the IRS will allow for the lien to be moved or discharged in exchange for money or if the property is determined to be of no interest to them.

As you can see releasing a tax lien has a multitude of nuances and variables to consider. The actions and strategies are dependent on your specific tax debt situation and what it is that you are really trying to do to resolve your tax lien issue.

Understanding what tax liens are and what you can do to remove them can be a complex undertaking. You're asking the right questions, but now it's time to get answers and it doesn't have to be complicated.

GET TAX DEBT HELP NOW CALL 1 ‑ 800 ‑ 880 ‑ 7318 FOR YOUR FREE CONSULTATION