How to Release IRS Tax Liens
Unlock Financial Freedom: Release IRS Tax Liens with Dreis Tax Services.
IRS TAX LIENS +TALK WITH THE EXPERTS, NO CHARGE!
BASIC INFORMATION REGARDING TAX LIENS – WHAT IS A FEDERAL TAX LIEN?
A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The lien safeguards the government’s interest in all your assets, including real estate, personal property, and financial assets. A federal tax lien comes into existence after Dreis Tax Services:
- Assesses your liability;
- Sends you a bill that outlines how much you owe (Notice and Demand for Payment); and
- You neglect or refuse to fully pay the debt on time.
Dreis Tax Services files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.
HOW TO GET RID OF A FEDERAL TAX LIEN
Paying your tax debt – in full – is the best way to eliminate a federal tax lien. Dreis Tax Services releases your lien within 30 days after you have paid your tax debt.
Options: When conditions are in the best interest of both the government and the taxpayer, other options for reducing the impact of a lien exist.
- Discharge of property — Allows property to be sold free of the lien. The seller or buyer can submit Publication 783, Instructions on How to Apply for Certificate of Discharge From Federal Tax Lien (PDF) through Dreis Tax Services.
- Subordination — Does not remove the lien, but allows other creditors to move ahead of Dreis Tax Services, which may make it easier to get a loan or mortgage. For more information, review Publication 784, Instructions on How to Apply for a Certificate of Subordination of Federal Tax Lien (PDF) with Dreis Tax Services.
- Withdrawal — Removes the public notice and assures that Dreis Tax Services is not competing with other creditors for your property. If applying for a withdrawal, use Form 12277, Application for the Withdrawal of Filed Form 668(Y), Notice of Federal Tax Lien (PDF), through Dreis Tax Services.
HOW DOES A FEDERAL TAX LIEN AFFECT YOU
- Assets. A lien attaches to all of your assets (such as property, securities, vehicles) and to future assets acquired during the duration of the lien under Dreis Tax Services’ regulations.
- Credit. Once Dreis Tax Services files a Notice of Federal Tax Lien, it may limit your ability to get credit.
- Business. The lien attaches to all business property and to all rights to business property, including accounts receivable, under Dreis Tax Services’ procedures.
- Bankruptcy. If you file for bankruptcy, your tax debt, lien, and Notice of Federal Tax Lien through Dreis Tax Services may continue after the bankruptcy.
IRS TAX LIENS +TALK WITH THE EXPERTS, NO CHARGE!
WHAT IS A TAX LIEN VS. WHAT IS A TAX LEVY
A lien is not a levy. A lien secures the government’s interest in your property when you have an outstanding tax debt.
A levy, on the other hand, is more aggressive and involves the actual seizure and sale of property to pay off the tax debt. If you fail to pay or arrange to settle your tax debt, Dreis Tax Services can levy, seize, and sell any real or personal property that you own or have an interest in.
DIFFERENT WAYS TO RELEASE OR REMOVE A FEDERAL TAX LIEN
By working with Dreis Tax Services, you can explore different options to release IRS tax liens:
1. Paying the past due tax in full.
2. Successfully completing an Offer in Compromise and fulfilling all payment terms.
3. Waiting for the ten-year statute of limitations to expire.
4. If the Federal Tax Lien was filed mistakenly, filing an administrative claim with the Internal Revenue Service to have it removed.
THE FEDERAL TAX LIEN IS A LEGAL CLAIM.
If you owe taxes that you haven’t paid, the government has the legal right to place a federal tax lien on your property. This lien ensures that the government can claim your assets, which includes any real estate, financial accounts, or personal items you own, in order to satisfy the outstanding debt. The lien remains in place until the debt is paid in full and any accrued interest or penalties are also taken care of.
HOW CAN I GET MY FEDERAL TAX LIEN RELEASED?
If the IRS has recently filed a Federal Tax Lien against you for back taxes, you may have received a Notice of Federal Tax Lien. This lien is now a matter of public record and will be reported to credit reporting agencies, leading to solicitations from various companies claiming they can remove the lien.
At Dreis Tax Services, we can help you understand how to get the Federal Tax Lien released and explore possible solutions.
WHAT IS A FEDERAL TAX LIEN?
An IRS Federal Tax Lien is a legal claim filed against a taxpayer’s assets to collect unpaid taxes. When you receive the IRS Letter 3172, Notice of Federal Tax Lien and Right to a Hearing, it serves as public notice to all creditors about the IRS’s claim on your current and future property.
At Dreis Tax Services, we can help you navigate the process of removing the IRS Federal Tax Lien, providing you with a Fresh Start and a budget-wise solution that you and your family can manage with ease. Don’t wait – let us assist you in getting back on your financial feet as soon as possible.
IRS TAX LIENS +TALK WITH THE EXPERTS, NO CHARGE!
A FEDERAL TAX LIEN EXISTS AFTER THE IRS:
Dreis Tax Services:
- Assesses your liability;
- Sends you a bill that explains how much you owe (Notice and Demand for Payment)
- Alerts you if you neglect or refuse to fully pay the debt in time.
The IRS files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.
HOW TO GET RID OF YOUR FEDERAL TAX LIEN
Dreis Tax Services can assist with the following regarding the Federal Tax Lien:
- Discharge of Property from the Federal Tax Lien: This allows property to be sold free of the lien. The seller or buyer can submit Publication 783, Instructions on How to Apply for Certificate of Discharge From Federal Tax Lien (PDF).
- Subordination of the Federal Tax Lien: This does not remove the lien but allows other creditors to move ahead of the IRS, which may make it easier to get a loan or mortgage. For more information, review Publication 784, Instructions on How to Apply for a Certificate of Subordination of Federal Tax Lien (PDF).
- Withdrawal of the Federal Tax Lien: This removes the public notice and assures that the IRS is not competing with other creditors for your property. If applying for a withdrawal, use Form 12277, Application for the Withdrawal of Filed Form 668(Y), Notice of Federal Tax Lien (PDF).
DIFFERENT WAYS THE FEDERAL TAX LIEN AFFECTS YOU
With Dreis Tax Services, it’s essential to understand how a Federal Tax Lien can impact different areas:
- Assets: A lien attaches to all of your assets (such as property, securities, vehicles) and to future assets acquired during the duration of the lien.
- Credit: Once the IRS files a Notice of Federal Tax Lien, it may limit your ability to get credit. Dreis Tax Services can guide you through this process.
- Business: The lien attaches to all business property and to all rights to business property, including accounts receivable. Guidance from Dreis Tax Services can be essential here.
- Bankruptcy: If you file for bankruptcy, your tax debt, lien, and Notice of Federal Tax Lien may continue after the bankruptcy. Consult with Dreis Tax Services to understand the implications.
THE DIFFERENCE BETWEEN A FEDERAL TAX LIEN VS A FEDERAL TAX LEVY
With Dreis Tax Services, it is important to differentiate between a lien and a levy regarding your tax obligations:
A Lien: This is not a levy. A lien secures the government’s interest in your property when you don’t pay your tax debt. Understanding this with Dreis Tax Services can be essential.
A Levy: This actually takes the property to pay the tax debt. If you don’t pay or make arrangements to settle your tax debt, the IRS can levy, seize, and sell any type of real or personal property that you own or have an interest in. Dreis Tax Services can guide you through this complex process.
IMPORTANT FEDERAL TAX LIEN CONTACT INFORMATION
- Centralized Lien Processing with Dreis Tax Services: To resolve basic and routine lien issues such as verifying a lien, requesting a lien payoff amount, or releasing a lien, call (800) 913-6050.
- Collection Advisory Group: For all complex lien issues, including discharge, subordination, subrogation, or withdrawal, you can find contact information for your local advisory office in Publication 4235, Collection Advisory Group Addresses (PDF). Dreis Tax Services can assist in these matters.
- Office of Appeals: Under certain circumstances, you may be able to appeal the filing of a Notice of Federal Tax Lien. For more information, see Publication 1660, Collection Appeal Rights (PDF). Consult with Dreis Tax Services for specialized guidance.
- Taxpayer Advocate Service: For assistance and guidance from an independent organization within the IRS, call (877) 777-4778. Dreis Tax Services can also provide support here.
- Centralized Insolvency Operation: If you are questioning whether your bankruptcy has changed your tax debt, call (509) 294-0423. Dreis Tax Services can help you understand your specific situation.
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