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What is a federal tax lien?
A tax lien is when the IRS files a lien against a tax payer in the courthouse where the taxpayer lives. This lien will attach the the property the tax payer owns. The lien will stay in place until the lien is satisfied or the liability is paid. The lien does not need to be renewd.
Will there be a federal tax lien put on my house that's in foreclosure?
Yes, there will be a federal tax lien put on your house that is in forclosure. The bank or person that buys your house will have the option to pay that lien off.
When a mortgage is forclosed with federal tax lien does the lien get paid prior to mortgage?
yes
Can you sell your house with a federal tax lien on it?
Not without satisfying the lien or you can subordinate a tax lien in order to sell the house. Sometimes, the IRS will allow you to do this, if they believe it will help you to pay your tax liability.
Can you get a federal job with a state tax lien on you?
no I don't Think
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
What is the purpose of the IRS's filing of the Notice of Federal Tax Lien?
The IRS files the Notice of Federal Tax Lien (NFTL). The purpose of this is to establish the Government's right of priority against specific third parties.
How does one apply for the withdrawal of a Federal tax lien?
A federal tax lien is the government‰Ûªs legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the government‰Ûªs interest in all your property, including real estate, personal property and financial assets. A federal tax lien exists after the IRS: Assesses your liability; Sends you a bill that explains how much you owe (Notice and Demand for Payment); and You neglect or refuse to fully pay the debt in time. The IRS files a public document, the Notice of Federal Tax Lien, to alert creditors that the government has a legal right to your property.
How long does an unpaid tax lien expire?
It depends on the type of lien. A lien for unpaid property taxes does not expire. A lien for federal income taxes lasts ten years plus a grace period for rerecording. State income tax liens vary in their statutes of limitations.It depends on the type of lien. A lien for unpaid property taxes does not expire. A lien for federal income taxes lasts ten years plus a grace period for rerecording. State income tax liens vary in their statutes of limitations.It depends on the type of lien. A lien for unpaid property taxes does not expire. A lien for federal income taxes lasts ten years plus a grace period for rerecording. State income tax liens vary in their statutes of limitations.It depends on the type of lien. A lien for unpaid property taxes does not expire. A lien for federal income taxes lasts ten years plus a grace period for rerecording. State income tax liens vary in their statutes of limitations.
Can a federal tax lien be removed after payment in full?
Yes the IRS is supposed to do this but if they do not do it you can use the below information for this purpose.Go to the IRS.gov web site and use the search box for Publication 1450 Instructions on How to Request a Certificate of Release of Federal Tax Lien go to page 2 for the below information.Section 6325(a) of the Internal Revenue Code directs us to release a Federal Tax Lien after a tax liability becomes fully paid or legally unenforceable. We alsomust release a lien when we accept a bond for payment of the tax. If we haven't released the lien within 30 days, you can ask for a Certificate of Release of Federal Tax Lien.Requesting a Copy of the CertificateIf you have paid the tax you owed and have not received a copy of the Certificate of Release of Federal Tax Lien, you may call 1-800-913-6050.If you prefer to write, see page 2 for the address to which your request should be mailed or faxed.Click on the below related link
How can i get a Discharge federal tax lien over 10 years old?
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.
What court has federal tax lien records records?
Usually these are filed with the county court.
