A tax lien is the last resort exercised by the IRS to make a tax defaulter pay what they owe. It reflects on the defaulter’s credit report and questions their credibility, due to which they may not qualify for loans and credit cards in the future. By the time people realize the long-term effect of a tax lien, it is already too late; however, with the right approach, no mountain is too high to climb.
If you too have received a tax lien and now want to get rid of its imprint on your credit report, this blog is for you. Read on.
How to Remove a Lien from Your Property?
Withdrawal Request
This letter of request is to be addressed to the government body that has released the notice. If the request backs a rational reason for the defaulter being unable to pay, they may get the relief they need. Schedule an appointment with a tax lien attorney to better understand the road ahead.
Pay the Debt
In this specific situation, you may want to seek help with IRS taxes to alleviate the stress of the everlasting debt. The solution is paying your debt in full and leveraging any of the provisions the IRS has in order to help defaulters pay their due taxes.
Remove Lien from Credit Report
While you try the ways mentioned above to remove the lien from your property, it does not disappear from your credit report. The IRS suggests that you will have to follow certain tactics to get rid of that negative credit report. Take a look.
IRS Help
After you pay the amount in full, call or get in touch with the IRS and request its removal from your credit report. They will check if the tax liability is paid and that there was a release the lien. Once finalized they will make provisions to remove the tax lien from the credit report.
Be Compliant
Your record from the past 3 years will be under scrutiny. If the record clearly shows that you have been compliant in filing business and personal tax returns, you can request a removal of the lien from the credit report.
Hire a Tax Lien Attorney
If you been waiting for a long time for the removal of tax lien but it is still on your credit report, it is advisable to hire an IRS tax attorney to help guide the way. Hiring a professional is the best way to help you remove the lien from your credit report.
Wrap Up
To learn your best options to get an IRS tax lien removed from your credit report, it is always advisable to have an IRS tax attorney guide you in the right direction. That is when you need a local and trusted name such as The Law Offices of Nick Nemeth. For a free no- obligation consultation, simply call (972) 426-2553 or fill out our contact form and we will contact you shortly. You can also email us at jamie@myIRSteam.com.