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Here some info you'll like;
IRS will issue a Release of the Notice of Federal Tax Lien: * Within 30 days after you satisfy the tax due (including interest and other additions) by paying the debt or by having it adjusted, or * Within 30 days after we accept a bond that you submit, guaranteeing payment of the debt. In addition, you must pay all fees that a state or other jurisdiction charges to file and release the lien. These fees will be added to the amount you owe. Refer to Publication 1450 (PDF), Request for Release of Federal Tax Lien. Usually 10 years after a tax is assessed, a lien releases automatically if IRS has not filed it again. If they knowingly or negligently do not release a Notice of Federal Tax Lien when it should be released, you may sue the federal government, but not IRS employees, for damages.
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Can you still income average over 5 or ten years on your federal income tax return?
No...ended years ago..I think around 1988.
Can you average your income over three years on federal tax return?
No. The even then fairly short lived income averaging went out about 15 years ago. One year, same year now. (Except for some farmers...who can still get income averaging).
When did TurboTax start providing tax software?
I was trying to remember exactly, but my best guess was mid to late 1980s, before Intuit took it over. It started as only a Federal program, and then slowly added the state returns over the next few years.
How many points does a paid tax lien decrease your credit score?
It varies depending on what else is on your credit. For personal experience I can tell say that my credit went down over 200 points for a tax lien. Did not go up at all after it was paid, but definitely bounced back to the 200 points that were lost once I was able to have it removed. It is true that credit bureaus tell you that there is no way to remove a tax lien once is paid. But the truth is that you do have a shot at it. Check out this link, is IRS form 12277 "Application for Withdrawal of Filed Form 668Y, Notice of Federal Tax Lien": http://www.irs.gov/pub/irs-pdf/f12277.pdf Once you fill out the form, mail it to your local IRS Collections Advisory Group. Go to publication 4235: http://www.irs.gov/pub/irs-pdf/p4235.pdf and find out the correct address for your local IRS Collections Advisory Group. The IRS NOT the credit bureaus will remove it from your credit! I know there is many answers on the web that say that this is impossible to remove a tax lien, but the IRS does have the answer to your problem. They did for mine and it worked!
Can you file income tax on your bankruptcy?
State Income Tax Claims, Federal Tax Claims, and Real Estate Taxes must be included in a bankruptcy filing. Income tax claims that are less than three years old will usually be consolidated with other debts and paid over three to five years in a Chapter 13. Depending upon income and assets, income tax claims for returns that were filed more than three years before the bankruptcy can sometimes be reduced substantially in a Chapter 13 and eliminated completely in a Chapter 7.The discharge of the debt in a bankruptcy, can actually cause taxable income for the year it is discharged if not handled proerly. You will get a 1099-C for most matters concering it.
How do you get a lien release on a vehicle that was scrapped over 10 years ago?
Pay off the lien holder.
Does a federal tax lien have priority over state tax lien?
Not necessarily. The old adage of "first in time, first in line" comes into play. To expand, let me explain that, for example, at a real estate closing where both reps of the IRS and State are in attendance, this situation will be discussed by all concerned parties. Usually, it has been predetermined by the attorneys (and tax reps) who is getting what and why. Now, if we are talking about personal property, it doesn't really matter who filed first, but rather who executes first. The existence of a Federal Tax Lien or that of a State tax lien will not prevent either jurisdiction from taking action on personal property. As a matter of fact, the IRS doesn't even need a filed Federal Tax Lien to take action on most personal property, if not all personal property. A Lien arises (non filed) from the mere refusal/inability to pay federal taxes
How long does a PA State tax lien remain in effect?
Commonwealth Liens - Indefinitly Federal tax Liens - 10 years 30 days unless revived then the clock starts over Other judgments - 5 years unless revived and then again the clocks starts over
Does the amount of a lien stay the same over the years?
Generally a judgment executed as a lien will continue to accrue interest at the rate that is allowed by the laws of the state in which the judgment was granted.
Can a cop seize your car if it has a bank lien on it?
The priorities of local and state governments, as well as the federal government, takes precedence over those of private parties. If you do something to get the car seized, it doesn't matter if there's a lien on it or not.
How Use lien in a sentence?
We had to pay the lien before over due.
You would like to purchase a property but the property has an IRS lien what can you do?
The lien must be paid. A federal tax lien is effective for over ten years, can be re-recorded if not paid and remains on the property until it's paid. In many cases, the amount due can be negotiated with a promise for immediate payment. The seller's attorney should contact the IRS to negotiate the final amount due. You should seek the services of an attorney who will examine the title of the property to ascertain if there are any other liens. If there are outstanding federal taxes chances are that there are other debts. Your attorney could also arrange to set aside a part of the purchase price to pay the IRS lien.
Should you buy a house with an IRS lien?
The lien must be paid at the closing from any proceeds that are to be paid over to the seller.The lien must be paid at the closing from any proceeds that are to be paid over to the seller.The lien must be paid at the closing from any proceeds that are to be paid over to the seller.The lien must be paid at the closing from any proceeds that are to be paid over to the seller.
If you have not paid your car payments for over 3 years can you file a lost title and sell or get the title?
No, you can only replace a lost title. If the vehicle had a lien from the bank, a replacement title will still show the lien.
What happens when you put a lien on property?
You will have to pay off the lien at the time you sell the home you live in. If you apply for a loan based on the house as collateral, then the lien will be taken into consideration. I am not sure if your mortgage company is going to recognize the lien as being in first place should you also default on this home, or if there will be other issues with them.
Can a lien holder turn the lien over anyone els?
Yes they can ... it is selling collateral for capitol
Im 13 have discharge a little bit of armpit hair genital hair breast development but no cramps what else should you experience how close am i and i have had the discharge for over 2 years.?
The discharge can just mean that your hormones are changing, it doesn't necessarily mean that you are going to get your periods. If you already have your periods, the discharge can be from a stage in your menstrual period when your period finish, and eggs are produced. Also, it doesn't matter how long you've had the discharge for, because before I got my periods for the first time, i had it for over 3 years. Hope this helps :)
