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How Do I Get Rid of a Federal Tax Lien?

When you fall behind in paying your taxes, the IRS will likely take action against you. They have several methods of retrieving the money you owe them, such as garnishing your wages, seizing money from your bank accounts, and adding penalties and interest charges on your bill.

Another tactic they use to obtain the taxes you owe them is to file a federal tax lien against you. A tax lien is a claim to your personal property and financial assets. This lien goes on your credit report, and your creditors are notified that you owe money to the IRS.

If you have a lien filed against you, you would probably like to get it released. The good news is that there are ways to get the lien lifted. Read on to learn the answer to your question: How do I get rid of a federal tax lien?

How to Get a Lien Released

If you haven’t yet had a lien filed against you, it’s important to take action now. Preventing a lien from being filed is much better than trying to get one released. You can set up payment plans with the IRS to pay off your taxes before a lien is filed. You also might be eligible for an offer in compromise, which allows you to settle your tax debt.

If a lien has already been filed, there are a few ways to get it released. Full payment of your tax debt will result in the lien being lifted. The IRS may agree to lift a lien if you are making payments to the IRS or if you make other arrangements with the IRS.

In some cases, the IRS might agree to lift a lien if doing so will actually make paying your taxes easier for you. For example, if a lien is preventing you from selling your primary residence, the IRS might agree to lift the lien if you agree to pay your tax debt with the proceeds from the sale of the house.

Talk with a Tax Attorney About a Lien Release

Now you know more about how to get rid of a federal tax lien. Talk with a tax lawyer about your options sooner rather than later. Many negative consequences can be avoided if you act quickly. Call The W Tax Group at 877-500-4930 to receive a free tax debt analysis. You can also utilize the contact form at the bottom of this web page to reach our office.