What Does It Take To Get A Lien Release?

The purpose of this page is for you to understand what a lien is & what steps can be taken to get an IRS lien release. A federal lien is one of the first steps IRS will take when monies are due to them, enough time has elapsed and your debt to the IRS has not been addressed. A Notice of Federal Tax Lien enables the IRS to become a secured creditor and gives them legal right to your assets. And whether you have assets or not, an IRS tax lien also greatly affects your credit rating, making it difficult to obtain a loan (such as a mortgage or car loan) from banks or other lenders, get a credit card or obtain credit in any fashion which makes lien release essential for you. And if you do receive a loan or credit, it probably will be at a much higher interest rate, costing you a lot more money overall. Also note that once a federal lien is filed, it becomes public record and now-a-days, bad credit ratings may even affect you ability to get the job you want as employers are looking at your credit ratings as well. If you owe a home and want to sell or refinance it and have a lien, you may have to pay off their claim on this asset to get the lien discharged. Also understand that once an IRS lien has been imposed upon you, only under special circumstances, will it be removed or the tax liability has been resolved and/or paid. See our IRS Tax Lien page to read the circumstances of which to receive an IRS lien release. If you have an IRS lien, there are basically three ways to resolve and get the lien release you seek.

1)   Pay off the liability in full, of which then they will gladly remove the lien.

2)   Get on a payment plan but note that the lien will not come off until the balance is paid in full.

3)  See if you qualify for one of the IRS programs to reduce your liability, get that relief and then pay off the balance for the lien to be removed.

One of the biggest lien release mistakes made by most taxpayers is not knowing the difference between an IRS lien and an IRS levy. Liens do not take anything from you except points off of your credit ratings which may have a long term effect but some taxpayers don’t feel it immediately therefore they don’t do anything about it right away. Levies are a seizure of you assets like bank accounts, 401ks, SEPs and believe or not, Social Security benefits (as well as other assets) and wage garnishments of which the IRS will take a certain percentage of your take home pay which you will feel right away. This is usually the second step IRS will take once a lien has been imposed but still that tax liability hasn’t been addressed by you, the taxpayer. In our lien release experience, we find most people still do not address their tax debt until a levy forces them into action. It is our advice not to wait till this happens and to become proactive right away to address the lien before it becomes a levy. And do not be fooled into thinking that in time, you couldn’t have an IRS tax Lien and an IRS tax levy at the same time because in time you could have both if that tax debt is not taken care of in a timely manner.

What Can We Do for Lien Release?

Here at Premier Tax Resolutions, we can help you look at options at getting you back on track by addressing that lien and help you work towards a resolution that not only will get you a lien release but also stop any other IRS collection method that will be headed your way. Please know this, a lien is just the first step and other methods to collect what is owed to them are on your horizon if you leave this alone any longer. We have experienced ex-IRS agents on staff with the expertise and know how to help you get that lien release. Who better to help you against the IRS than former IRS agent/officers who know the guidelines and rules to get you the relief you need. Take a look and compare the hourly rate for a tax attorney to take your case and see why our flat fee guarantee (with payment plans available) makes more sense and a much more affordable option to attorney’s hourly rates to solve your IRS tax lien problem.

Contact Us For Lien Release!

We are an Accredited Member of the BBB with an ‘A’ rating. Your lien release case will be assigned to a Senior Tax Consultant who will stay with you from beginning to end in regards to your case, preventing you from being moved from department to department and person to person. You will be getting a tax team working diligently to remove the burden of this IRS tax lien out of your life quickly and will leave no stone unturned to resolve that lien release liability. Please check us out for yourself to know you are dealing with a firm that has integrity and that truly cares about getting you the help you need. To get started with the lien release and other tax debt problems, all you have to do is contact us in the way that is most convenient for you. We can be reached by phone, toll-free at 1-800-554-0146 to speak with our knowledgeable tax resolution consultants. If you can’t call right now, simply fill out the Contact Form on our website and let us know when will be the best time that we can reach you. Either way, you probably have been dealing with this, or ignoring it, for way too long. It’s time to get proactive about handling this matter. Let’s discuss options to get that lien release, once and for all!!

Also See:

Notice of Levy

IRS Bank Levy

Stop Wage Garnishment

Stop IRS Levy

Lien Release

IRS Tax Lien Removal From Our Experts!

Owing taxes to the IRS and having an IRS tax lien can be tough. The Internal Revenue Service is a powerful federal agency that can use powerful enforcement tools to ensure that it collects taxes that are due. One of these tools is an IRS Tax Lien that is filed as a public record of an individual’s delinquency to secure its interest against their property if they have not paid their federal tax liability. In other words, once an IRS tax lien has been filed, a person will not be able to sell or refinance their property without resolving the lien. When there is no home that is owned, an IRS tax lien can be imposed directly upon the individual and their credit which will cause a major reduction in major credit rating making it virtually impossible or at least much more costly to obtain credit and will remain on the credit report for seven years after it is released. An IRS tax lien will not only hamper the ability to get loans in the future but also make it more difficult for a person to recover from in general.

How to get a Release of an IRS Tax Lien?

An IRS tax lien is a complicated issue so you should consult an experienced tax expert right away to get some effective tax debt relief. But let us state the facts about removing an IRS tax lien.

A federal IRS tax lien can be withdrawn or released if:
1. The account is paid in full.
2. It was filed in error.
3. The 10 year statute of limitations expired.
4. The tax liability was discharged in bankruptcy.
5. An offer in compromise is accepted to settle the account for less than full payment.

You can also get an IRS tax lien discharged (temporarily) by selling the property under the condition that some or all of the sale proceeds will go towards the payment of the taxes owed to the IRS, this process is called a Lien Subordination. The IRS Tax Lien can be subordinated (made junior to) a new loan if it is in the government’s best interest to do so. Please note that an IRS tax lien will not be removed until the liability is satisfied completely or one of the above conditions is met.

What happens if you do not address your IRS tax lien?

An IRS tax lien can place a heavy emotional burden on people and their families. It can cause sleepless nights, ruined marriages, lost of employment, stress and despair just to start. Be aware that this issue will not go away and will probably get worse over time. IRS doesn’t know what personal financial situations are present; whether you can pay or are suffering hardships unless you communicate with them through a tax professional. IRS will continue to take steps to recover the funds that are owed to them. One of the first steps that the IRS will take to recover the monies owed is to impose an IRS tax lien that we have discussed. If that doesn’t force you to address this IRS tax lien liability, then after a period of time and/or dollar amount and nothing still has yet to be done regarding this lien; their next step is levies. The IRS can (and will) impose levies or garnishments against personal wages, bank accounts or any other asset that they can find. When money is owed to the IRS and a levy is imposed, all personal assets can be seized until the money is recovered. This is not meant to scare you but to inform you of what is on your horizon if you don’t truly address and resolve this liability. Many people choose to simply ignore this IRS problem until the pressure of bank or wage levies and frozen assets gets to be too much. This will also (in a short period of time) hinder your ability to handle your day to day expenses such as food, rent/mortgage, utilities, etc. Others simply don’t have the financial resources to pay what they owe. Either way, you need a skilled professional to resolve the issue with your IRS tax lien and the time to do so is now!

Why to Choose Us for IRS Tax Lien?

Premier Tax Resolutions has experienced tax professionals with several decades of experience with IRS Tax Liens and ready to work to negotiate and customize a  resolution that is best for you and who have the expertise and know how to help relieve your IRS tax lien. We have Enrolled Agents, former IRS employees on our staff that are authorized to operate before the IRS, not just tax return preparation-oriented CPAs or accountants. Who better to fight on your behalf than ex-IRS agents fighting for you against the IRS? Take a look and compare the hourly rate for a tax attorney to take your case and see why our flat fee guarantee (with payment plans available) makes more sense and a more affordable option to attorney’s hourly rates with solving your IRS tax lien issue.

We have a 97% success rate with resolving IRS tax issues and we are an Accredited Member of the BBB with an ‘A’ rating. Your case will be assigned to a Senior Tax Consultant who will stay with you from beginning to end in regards to your case, preventing you from being moved from department to department and person to person. You will be getting a tax team working diligently to remove the burden of this IRS tax lien out of your life quickly and will leave no stone unturned to resolve that liability. Please check us out for yourself to know you are dealing with a firm that has integrity and that truly cares about getting you the help you need. To get started, all you have to do is contact us in the way that is most convenient for you. We can be reached by phone, toll-free at 1-800-554-0146 to speak with our knowledgeable tax resolution consultants. If you can’t call right now, simply fill out the Contact Form on our website and let us know when will be the best time that we can reach you. Either way, you probably have been dealing with this, or ignoring it, for way too long. It’s time to get proactive about handling this matter. Let’s discuss options to truly rid yourself of this IRS Tax Lien, once and for all!!

Related Information:

IRS Tax Problem

IRS Tax Debt

IRS Back Taxes

IRS Tax Lien

Tax Debt Relief

The Internal Revenue Service imposes federal tax liens as a method to reinforce collection of unsettled tax debts. Most of the time, the IRS imposes this extreme method of collection as a last resort. Once a person ignores his/her federal taxes, his/her back taxes piles up. When this happens, the people at the Internal Revenue Service start to send out notices in forms of letters and phone calls to remind the person of his/her tax liabilities.

If a person fails to settle his/her federal taxes, the IRS can impose a tax lien on the person’s properties and assets. When the government files an IRS tax lien, it simply means that the agency takes over the ownership of a person’s property until the tax debt is settled. Technically, the Internal Revenue Service gives the person a maximum of ten days after the tax lien has been filed to make the necessary payments. Given that the allowance of ten days has been reached and the person hasn’t complied with the necessary payments, he/she can apply for a hearing.

Although, the person is given the choice to argue his/her case during the hearing, he/she might find it difficult to obtain a fair settlement. If a person has been served a federal tax lien notice of hearing, it is advisable for him/her to seek professional help immediately. It is vital that the person gets represented by the right people in cases such as these in order to prevent further losses.

The people at Premier Tax Resolutions are capable of providing people the proper representation in court in cases such as these. The Premier Tax Resolutions firm has more than three decades of experience resolving cases involving various tax problems including federal tax liens. Over the years, the firm has rendered services to a long list of satisfied clients.

The people at Premier Tax Resolutions will work to settle their client’s tax problems with the IRS by going through a process called an Offer in Compromise. An Offer in Compromise is an agreement between the client and the Internal Revenue Service. This will provide the client with a more convenient and realistic way of paying his/her tax debts.

Related Pages:

Federal Tax Levy

Notice of Federal Tax Lien

Federal Wage Garnishment

Tax Debt Help

Tax Debt Relief

Subordination of the Lien is one way for a taxpayer to secure financing to pay for their federal tax. In this process, the IRS Lien is made secondary (or Subordinate) to the interest of another creditor so that the taxpayer can avail some form of private financing with which to pay the debt.

Subordination of the Lien can be advantageous to a taxpayer who owns a house and wants to get a home equity loan to pay off their tax debt. As long as the proceeds of the loan are paid to the IRS and if they collect an amount up to the value of the Tax Lien or higher, then the IRS will allow Lien Subordination.

This is a very common procedure yet it is difficult to accomplish without professional assistance. A Federal Tax Lien is given to secure the government’s interest in any property subject to the Lien. Barring acquisition of security interests that are higher than the IRS lien, professional lenders won’t lend funds to a taxpayer with a tax lien due to this reason.

By making the IRS Lien secondary, the IRS will allow a professional lender to take a superior interest greater than any IRS claims on the property value. In response, the IRS will have the right to claim all proceeds that are in excess of the sales costs, and the sum due to Lien holders, up to the sum of tax debts owed. The process involved in the Subordination of the Lien is rigid: so long as the IRS is getting the funds from the closeout or the refinance of a possession, the institution will almost always allow a Subordination.

To take advantage of Lien Subordination the first thing you need to do is find a lender who will finance your loan. Once you have secured your financing, you should get employ the help of tax experts like Premier Tax Solutions. This team of professionals will supply the IRS with the necessary information about your property and pending loan. They will then be the one who will ensure that you get your Lien Subordination. The processing time of subordination would normally takes 30 to 60 days.

So let Premier Tax Solutions SETTLE your tax debt and remove your Tax Lien. With us, we can temporarily lift the lien to allow you to sell or refinance. Fill out the necessary forms and call us today. An experienced Tax Resolution Consultant will call you back for a FREE consultation. Call us at our toll free number 1.800.554.0146.

Lien Release

IRS Tax Lien

IRS Bank Levy 

Tax Debt Relief

A tax lien is a claim on property to satisfy a tax debt, and a public notice is generally filed to protect the government’s interest in unpaid taxes that are owed. By federal law, the IRS is given an automatic lien on a taxpayer’s property, including real, personal, tangible, intangible, and after-acquired, when the taxpayer is notified of a tax debt and the debt is not paid within ten days.

A “Notice of Federal Tax Lien” is then filed to notify the public and the taxpayer’s creditors that the IRS has a claim against the taxpayer’s property. The tax lien becomes part of the public record when it is filed with the clerk of the county in which the taxpayer lives, operates a business, and/or owns real property. The IRS must then notify the taxpayer within five days of the tax lien filing of the right to a hearing. At the hearing, the taxpayer can contest the validity of the lien. If unsuccessful, the taxpayer may appeal the determination to the U.S. Tax Court or a federal district court.

A tax lien would be released once the underlying debt is satisfied or it becomes unenforceable due to the lapse of time. The tax lien may also be released once an offer in compromise is accepted and the offer amount satisfied. However, even after it is released, the tax lien may be reflected on the taxpayer’s credit report for up to ten years and negatively affect their credit and borrowing ability.

The IRS may withdraw the public notice of tax lien before full payment if: 1) the filing of the notice was premature or was not in accordance with administrative procedures; 2) the taxpayer entered into an installment agreement to pay the tax debt; 3) withdrawal of the notice would facilitate collection of the tax debt; or 4) withdrawal of the notice would be in the best interests of the government and the taxpayer.

Let Premier Tax Resolutions let us SETTLE your tax debt now and remove your Tax Lien, fill out the form and an experienced Tax Resolution Consultant will contact you for a FREE, confidential consultation or call us now toll free at 1.800.554.0146.

There is no obligation, so what are you waiting for, settle your tax debt today!