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IRS Lien Releases
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Many people have IRS Liens that have been filed at their county courthouses.
An IRS Tax Lien is a public record and is reported by credit reporting agencies like the Big Three that consists of Trans Union, Experian, and Equifax. You can search on the Big Three to find
out what kind of IRS Liens are reported on your own credit report. |
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With my experience and knowledge of things IRS, I can easily tell you about your
IRS Liens and I can also tell you what it will take to release them. Then, if you
wish, I can get them released and the release will show up on your credit report. |
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What is an IRS Lien?
IRS Tax Liens give 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;
- Sends you a Notice and Demand for Payment - a bill that tells you how much
you owe in taxes; and
- You neglect or refuse to fully pay the debt within 10 days after you are
notified about it.
Once these requirements are met, a lien is created for the amount of your tax
debt. The lien then serves as a public notice that they have a claim against all
of 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 lien attaches to all of your property (such as your house or car) and to
all your rights to property (such as your accounts receivable, if you are a business).
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What happens after a lien is filed?
Once a lien is filed, your credit rating will probably be affected. 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.
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What is the minimum requirement for a lien to be filed?
IRS policy is to file a lien against any taxpayer who owes more than $5,000 on
any single tax liability.
For example, assume you owe IRS $5,204 for Year 1, $4,977 for Year 2, $14,099
for year 3, and $2,200 for Year 4 for a total amount due of $26,480. Once each of
your tax year cases enters the Automated Collection System at IRS, IRS should automatically
file a lien on each year separately and individually for Year 1, Year 3, and Year
4, but not Year 2.
It is possible that IRS will file a single lien that will cover multiple years. Each of the years will be listed separately on the actual lien document that will be filed at your county courthouse.
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How do I release a lien?
Liens are much more difficult to release than levies.
Without giving all of my trade secrets,
let’s just say that I know how to do it. How’s that?
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How much do I charge for an IRS Lien Release?
My fee for an IRS Tax Lien Release is divided into two portions:
- $195 Research Fee All IRS Tax Lien Release clients will pay this initial fee. After this initial payment is made, I will do my research and determine what tax balances have liens and which of those
liens can be released by IRS. I will generate a report that will specify this information for you and the report will be emailed to you.
- $250 Release Fee If your IRS Tax Lien can be released, I will get in touch with my IRS contacts and get them to mail copies of their lien releases to me and to you and to the county courthouse where
the lien was originally filed. I will also email you a set of detailed instructions on how to make sure the release is actually processed by the courthouse so that it can then be reported on your
credit report.
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How do you get me to provide this service for you?
Click on the IRS Tax Levy Release Package above in the right-hand column. Even though we are discussing a lien and not a levy, you will need a couple of the forms that are contained in the Package:
- Personal Info Sheet
- Credit Card Authorization
- Power of Attorney
Download the Package and print it out and fax me the above three items.
I will then immediately get to work on your case.
IRS Tax Lien Releases should be processed in about two to three weeks.
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