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Taxes can be a headache sometimes, and one of the complications a family can face is a tax lien. Still, you faced the problem and made good on your debt, but now you’ve got this tax lien that you want to remove, which is what the following is meant to help with.
It would be nice to say that removing a tax lien is an easy task, but that’s not the case. People have been able to do this, and if you feel like you want to give it a shot, start by filling out the IRS form 12277. Request the form, read the fine print, and make sure you understand what needs to be done next. If you have a question or aren’t sure about something, try to find the answer rather than just guessing. If you aren’t sure if you need any other forms, try to contact the IRS before beginning.
Completing the Paperwork
Mistakes could end up causing delays or other issues. Those who have never dealt with the IRS on their own might want to consider just using a professional IRS tax lien removal service. This could save you time, money, and a headache in the long-run. Make sure you have all of the information or paperwork that they will need in order to help you complete the forms. They can also answer any additional questions you may have about the process.
Sending the Form
The next thing you’ll have to do is send the form in. It might sound a little strange that you have to learn how to send a form to the IRS, but you’d be surprised how many folks don’t do this right. You are going to have to make sure this form is sent to the IRS using certified mail. Just tell the postal worker that you want this kind of mail. You get a receipt with this mail and get notified that the IRS received your request. You want to keep this receipt in a safe place, just in case someone tells you that you haven’t sent it or something.
Make sure you send it to the right location. Everyone has their own regional IRS office, and that’s where you need to send your form. You could use the IRS Publication 4235 to get the address you need.
Now that you’ve sent the form, all you have to do is wait for the IRS to respond. The IRS doesn’t move as quickly as folks would like. You may wait a month to get a response, but some folks wait up to two months to hear back from the agency. Hopefully, after the IRS reviews your form, they start to talk to the court that handled your tax issues. If this does occur, the IRS will send you a letter telling you they’ve accepted your form and that they’ve started talking to the court.
If too much time has passed and you still haven’t gotten a response, it’s time to contact the office to find out what’s going on. Be sure to have your certified mail receipt handy, just in case. Write down the name of who you talk to because the issue may not be resolved with just one phone call.
If nothing goes wrong and you’re finally able to get this lien removed, then you have to turn your sight towards your credit report. That lien is still going to show up on your credit report, and you don’t want that. Having something like this linger on your credit report could make it harder to do anything. You’ve got a family. You don’t want to be financially limited, and a lien can do that to you. The good thing is now that you’ve got it removed, you can ask the three credit report agencies to remove the lien. What you’re going to do is file a dispute with the agencies, telling them the lien is no longer there.
The agencies are going to verify that this action has indeed taken place before removing the lien from the report. Be sure to revisit your credit report in about two weeks or maybe four to make sure the lien is gone. Yes, sometimes, liens aren’t properly removed, and if this happens to you, just go ahead and file another dispute. Keep doing this until it’s gone.
Removing a tax lien can be done, but it does take patience and careful attention to detail. Again, if you can’t do this or you don’t have the time, make sure you seek out professionals to get the job done.