Vicente "VINNIE" Enriquez, REALTOR® - ANSWERS TO YOUR PROPERTY TAX DEBT

Code directs the IRS to release a federal tax lien within 30 days of when the liability is fully paid or becomes legally unenforceable or the IRS accepts a bond for payment of the liability. When all the liabilities shown on the Notice of Federal Tax Lien are satisfied, the IRS will issue a Certificate of Release of Federal Tax Lien for filing in the same location where the notice of lien was filed. If the IRS hasn’t released the lien within 30 days, you can ask for a Certificate of Release. If you have an immediate or urgent need for a Certificate of Release of Federal Tax Lien, you can visit or call the local IRS office. You can find a list of local offices, their available services, and their hours of operation on www.irs.gov under “Local Contacts.” Be prepared to show proof of payment or other documentation that demonstrates your liability has been satisfied. If there’s an unpaid balance on your liability, you must pay the balance with a certified check, cashier’s check, or acceptable money order before a Certificate of Release can be issued. For other forms of payment, the Certificate of Release will be issued within 30 days of the liability being satisfied. Paying your tax debt in full is the recommended way to get rid of a federal tax lien, according to IRS.gov. The IRS will release your lien within 30 days after you’ve paid your tax debt. However, other options to reduce the impact of a lien exist when factors are in both the government’s and the taxpayer’s best interest. Discharge of property. A “discharge” removes the lien from specific property. There are several Internal Revenue Code (IRC) provisions that determine eligibility. Refer to IRS Publication 783, “Instructions on How to Apply for Certificate of Discharge from Federal Tax Lien” for details.

When applying for a discharge of a federal tax lien, equity is

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