IRS Lien Release knowledge and information are extremely important. There are thousands of individuals in the United States with IRS Tax Lien information that has been filed at their county courthouses and these people don’t even know it. An IRS Tax Lien Release is the answer to their problems. An IRS Lien is a public record and is reported to credit reporting bureaus like TransUnion, Experian and Equifax. A person can obtain a credit report from these Big Three that will show each IRS Tax Lien that has been filed against that individual in any state and county in which that person has lived. The good news is that we can obtain an IRS Lien Release for taxpayers across the country and within a month the IRS Tax Lien Release that we negotiate with the IRS will be reflected on the Big Three credit reports as well.
What is an IRS Lien also known as an IRS Tax Lien?
An IRS Tax Lien gives the federal government a legal claim to your property as security or payment for your tax debt. As such, this kind of severe collection action requires several conditions to be met prior to the IRS filing it. Once these conditions are met, a lien is issued in the amount of the total tax debt. The requirements for a Notice of Federal Tax Lien to be filed are as follows:
- The IRS must assess the total tax liability.
- Send a demand for payment, which is essentially a bill showing how much you owe.
- You fail to fully repay the total tax debt owed within 10 days after you are notified about it.
The IRS Lien subsequently serves as a public notice that the IRS has a claim against all of a taxpayer’s property, including all property or assets (houses, cars, bank accounts, investments, 401k accounts, etc.) after the IRS Tax Lien is in place. The documentation will be used by the courts to establish priority of claims against delinquent taxpayers in certain situations, like a bankruptcy or sale of real estate. The IRS Lien attaches to all property and assets owned in the county in which the IRS Lien is filed, such as vehicles, and to all of your rights to property, such as your accounts receivable if you own a business.
What happens after an IRS Lien or an IRS Tax Lien is filed and a Notice of Federal Tax Lien has been received?
Once a Notice of Federal Tax Lien is filed, the taxpayer’s credit rating will most likely be affected first. Taxpayers with this kind of penalty against them will find it hard to obtain a loan for a house or car or to obtain new credit cards or to sign many new house leases. This is why it is important to work to resolve any outstanding tax debt as quickly as possible to avoid this kind of severe collection action by the IRS.
How can a person obtain an IRS Lien Release or IRS Tax Lien Release?
IRS Tax Liens are much more difficult to get released than IRS Wage Levies or IRS Wage Garnishment Levies. Any taxpayer trying to do this will most likely not succeed unless guided through the process by a professional. That can cost thousands of dollars, but we have developed a streamlined approach that works every time. We are so confident in our ability to obtain the release that we back it up with a 100% Money Back Guarantee.
How much must a person owe the IRS in order for an IRS Lien or an IRS Tax Lien to be Issued?
The IRS has a policy of filing an IRS Tax Lien against a taxpayer who owes more than $10,000 on the total of all tax years. For example, assume income taxes owed to the IRS of $5,024 for Year 1, $4,977 for Year 2, $14,099 for Year 3, and $4,200 for Year 4 for a grand total tax debt of $28,300. Each of the tax year cases enters the Automated Collection System at the IRS. Once the taxpayer’s total unpaid taxes exceed $10,000 the IRS should then automatically file an IRS Tax Lien for the total tax debt and individually for each year. If the IRS files a single IRS Lien covering multiple years, then the balance will be itemized by tax year on the actual tax lien documentation filed at the county courthouse.
How can a person get an IRS Lien Release or an IRS Tax Lien Release?
We advise any taxpayer that contacts us for this service to download our IRS Levy Release Package (see the link in the top left corner of this page). In the Package there are Client Information Sheets that will provide us all of the taxpayer information we will need to get started. If you have any questions about how to fill out any of these forms, please feel free to contact us so we can help you through the process.
Once you’ve completed the Client Information Sheets, fax/email us a copy so we can begin working immediately. The time frame for completing an IRS Tax Lien Release is about two to three weeks.
Our IRS Lien Release Fees
The fee schedule for or IRS Lien Release service is divided into two portions:
- First, a $195 nonrefundable research fee is charged for all IRS Lien Release clients. After this initial payment is made, we will conduct research and determine what tax balances have liens and which of those liens can be released by the IRS. We will generate a report that will specify this information for you and the report will be emailed to you directly.
- Second, a $495 release fee is charged if your IRS Tax Lien Release can be obtained. We will get in touch with the IRS and get them to mail copies of their lien releases to us, to you, and to the county courthouse where the lien was originally filed. We 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.