How To Get Rid Of Tax Lien- Tips And Tricks

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Dealing with a tax lien is frustrating. In order to stay calm, hiring a federal tax lien attorney a good decision to take. When a lien affects your property, the attorney will help you with the following tricks to remove the tax lien:
The best way is to pay off the complete debt. The IRS releases the property within a month after receiving the debt amount from the owner. Some of the other alternative methods to reduce the impact of lien includes:

Discharge of property

A discharge lifts the lien applied to a specific property. The owner must determine which provision of Internal Revenue Code is eligible for their case. After the review of by an IRS officer, explanation of the selection will be provided.


Subordination

Unlike discharge, subordination does not remove the lien but allows the creditor to look for mortgages and loans. Refer to IRS codes to check your eligibility. All forms of payments like cash, cheque is acceptable.

Withdrawal

This removes the public Notice of Federal Tax lien but that does not mean the debtor is free from paying the due amount.to be able to qualify for withdrawal option, following criteria must be met:

Compliance for the past three years in filling taxes like business and information returns.

The individual is a qualified taxpayer
The individual can’t have defaulted on his/her current or Direct Debit Installment agreement.
A licensed and qualified attorney will help you get through the above procedures without any hassle. Call a professional now to get better insights.

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