Tuesday, December 13, 2011

Removing Paid Tax Liens


Until recently, tax liens remained on credit reports for seven years from the date they were paid or satisfied. But under the IRS Fresh Start program announced in early 2011, you can request that the IRS withdraw the lien if you have paid or satisfied the tax debt. This is not something that happens automatically. You must ask

According to the instructions, taxpayers must fill out Form 12277 requesting that the lien be withdrawn. If it is withdrawn, the IRS will file the notice of withdrawal with the office where it was recorded and send you a copy. You can also request, in writing, that the IRS notify credit reporting agencies, creditors or financial institutions. It’s up to you to provide the addresses for those parties you want notified of the withdrawal.

For best results dispute it through the credit bureau as any dispute has to be removed until reviewed. ( Score Well Credit Can Help ) Also request it be removed through IRS lien desk notification system




Thanks again for your business and trust.

Regards,

Ken Strey

Score Well Credit

Empowering People to Live Extraordinary Lives


Phone : (925) 478-5213 Fax : (925) 226-1883

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