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The person has either state or federal tax arrearages and a lien has been filed against real property belonging to the person owing back taxes. The usual due process of law, meaning a lawsuit filed and judgment awarded, does not apply to state and/or federal tax owed recovery methods.

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โˆ™ 2006-04-02 19:12:21
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Q: Why would you have a tax lien reported on your credit?
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How do you remove a state tax lien from your credit report?

What is reported is not under your control (unless you can prove it is erroneous). The one reporting it is the one to remove or change it. They of course need to be given a reason to release the lien.By satisfying the lien, that is paying it, so there is no more lien, while it will if not be removed from the report, it will be shown as satisfied and no longer a claim.AnswerOnly the credit bureaus or the one who reported the tax lien can remove. The credit bureaus will remove it if you dispute it and it isn't verified with in 30 days.


Who do you contact first to remove a tax lien from a credit report?

Tax lien will show paid--it won't be removed unless it was there in error or you have gone to court and had a judge state that it has to be removed.AnswerWhen a tax lien is removed because it's paid, the credit agency that reported it can be advised. Go to your local IRS office with the information and they can notify the credit bureau that has reported the lien on you. This happened to me once and the IRS updated the lien information with the credit bureau. I did all this person-to-person, it worked better than the telephone. AnswerAnything on your credit report can be disputed at anytime. It all depends on whether it gets verified or not on whether it comes off or not.


How long do unpaid tax liens stay on your credit report?

An unpaid tax lien will remain on your credit report for 10 years from the date it's filed. A paid tax lien will remain on your credit report for seven years from its date of filing.


Is the 7 years a paid tax lien can stay on a credit report determined from the year the tax was owed or when the lien was levied or when it was reported to credit rep agency?

Its from the date it was reported to the agency. It will show that paid if it has been paid, but will remian on your credit report for 7years. Usually liens or levys are in my past experince not reported with a credit agency, when they levy an account or a home, it will show up when you want to refi your home, or sell it. Hope this helps. Actually, I believe it's seven years from the date it is satisfied (paid).


How do you remove a lien from your credit report?

try here http://www.credit-repair-specialist.com/remove-tax-lien-from-credit-report.html


I have a tax lien on my credit report from having a guard card and I was wondering how can I have it remove?

You can call your local tax office to find out more information about your tax lien.


I have a tax lien on my home can I refinance it?

That tax lien would need to be paid


How long can an unpaid tax lien stay on your credit report in Colorado?

An unpaid tax lien will stay indefinitely, paid for seven years.


How to get mortgage with tax lien on credit report?

This can be difficult. There are many considerations. What type of tax lien is it? How old is the lien? How large is the lien amount? If the lien has the potential to jeopardize the security of the loan, then you most likely will need to take care of the lien first.


Does a tax lien reflect negatively on your credit report?

A tax lien is considered a significant derogatory item on a consumer's credit report. Being a legal action, it is reported in the "public records" portion of your credit report. Consumers with any public records showing, even when paid and with their proper dispositions showing, get larger deductions to their credit scores for any other actions. All legal items need to have their disposition. For tax liens, the disposition is called a release of lien. This needs to be obtained by the consumer, recorded (preferably at the same courthouse) and forwarded to the credit bureaus. Unpaid tax liens have no limitations for how long they can appear on a credit report. Paid tax liens will show for 7 years from the date of payment. That paid date would be established by the release.


When you pay off a tax lien does it reduce your credit score?

PAYING a tax lien has no effect on your credit. What would affect your credit score would be to have the lien released. This is the legal disposition to a lien. Have the release recorded at the same courthouse and send the proof of payment and the release to the credit bureaus. Tax liens have no statute of limitations for how long they can show on your credit report. Having the release recorded and shown on your credit triggers the 7 year countdown for when these public records will be shielded. According to Experian the payment of a tax lien, (which do in fact have statute of limitations of 7 years from the date of payment)payment of a tax lien and the subsequent reporting of the release WILL have a negative effect on your credit score. The logic in the world of credit scoring is this; Once a payment has been made on an old account, this constitutes "activity" on a derogatory credit entry. Recent activity on a derogatory account (even though payment should be considered "good") is considered a negative when computing scores.


Will IRS tax lien affect credit score?

Generally, tax liens (both state, county and federal) do appear on your credit report and will impact your credit worthiness.


How can you get an IRS tax lien off a property that you hold a mortgage on if your mortgage pre dates a tax lien for the person who financed?

The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.The tax lien must be paid to remove it from the property. If you foreclose on the mortgage the tax lien would be a junior lien, however, the IRS has a right of redemption. If you plan to foreclose you should consult with an attorney who specializes in foreclosures.


Does a paid off tax lien stay on your credit report for 7 years from the date it was 1st reported or 7 years from the date it was paid off?

SEVEN YEARS FROM THE DATE IS WAS PAYED OFF.


How long does a tax lien stay on a credit report?

Unpaid tax liens remain 15 years from the filing date. Paid tax liens remain 7 years from the paid date of the lien.


Will my credit score rise if a tax lien is withdrawn due to an IRS error?

It should, but I would recommend writing to each credit reporting agency to dispute the negative entry on your credit report.


When will a tax lien that was paid in 1999 come off of the report?

You didn't mention whether or not the lien had been paid and released. There is no statute of limitations on the time period an unpaid tax lien can show on a consumer's credit report. A paid tax lien may show for 7 years from the date the lien is released. A release of lien is the legal disposition of this type of item.


Does an unpaid tax lien have a termination time?

No, an unpaid tax lien will remain on the credit report for seven years but will be enforceable until it is paid in full. Tax liens are considered "perfected judgments/liens" thereby making the lien property subject to a forced sale.


Can a spouse's business tax lien affect your credit rating?

I would say it depends on a real crucial issue: Are you part owner of the business? If not, his liens and/or credit issues should not appear on your credit. Yes


Is tax liability reported as debit or credit on a balance sheet?

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Who can file Mississippi tax lien?

The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.


What is worse a tax lien or a collection on a credit report?

A tax lien will affect your credit the same way other type of default or past due unpaid bill. The presence of a tax lien is considered a delinquent, unpaid account, and it will lower your credit score. Keep in mind that a loan officer physically looking at your credit report will give more weight to a collections account than a tax lien. This is because a collection account is related to an actual lender you applied for credit and did not pay as agreed. It is best to read up on this matter and I like Phil Turner's book titled the Credit Bible for tips on solving collection accounts. titled the Credit Bible for tips on solving collection accounts.


How many points will your credit score improve if a state tax lien is deleted?

You credit score will not improve just because any lien is deleted. You have to earn your credit points by payment history of creditors you make agreements with.


How long does a state tax lien stay on a credit report in New Jersey?

Paid tax liens can stay on a credit record for seven years from the date the payment is made. Unpaid tax liens can stay on a credit report indefinitely.


what is this lien for?

what is this tax lien for