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2007-02-01 05:22:13 · 5 answers · asked by 4umisslady 1 in Business & Finance Taxes United States

5 answers

The Internal Revenue Service is required by law to timely release fully paid and unenforceable liens. Compliance with this requirement has figured prominently in the Service’s transition to centralized lien filing.

The IRS has established standardized procedures to expedite requests for lien discharge, release and subordination nationwide. If the taxpayer paid the tax, interest and penalties and did not receive a copy of the Certificate of Release of Federal Tax Lien, the taxpayer or authorized representative may call the Centralized Lien Processing Unit at the toll free number 1-800-913-6050.

2007-02-01 05:27:17 · answer #1 · answered by Anonymous · 0 0

The best way to remove an item from your credit is through contacting the 3 credit reporting agencies directly regarding a specific tradeline. My suggestion is IF THE TAX LEIN IS PAID, BUT IS REPORTING AS NOT PAID (or "satified"), write a letter to each credit reporting agency making reference to that tradeline stating "I do not have an unpaid/unsatisfied tax lein." It is all in how you write the letter. Do not offer the correct information because what will happen is each credit reporting agency will contact the tradeline in question and that tradeline (in this case the IRS) has 30 days by federal law to respond to the inquiry. If in the 30 days they do not respond to the credit reporting agencies, the agencies are required to remove the tradeline entirely. This is a 50/50 gamble, BUT it is free and chances are they will not respond to the inquiries. Why? This is tax season! They are concentrating on other things and they do not have the manpower to check every piece of mail in a timely manner let alone within the time period required by law. If you pay someone to remove it and they ARE NOT successful at full removal, your score will negatively be affected because it is showing recent activity on a negative tradeline. I hope this helps and wasn't overwhelming with information. This method is most effective, as I filed BK and had a FC from when I got divorced many many years ago, but you won't find any evidence of either on my credit. Good luck!

2007-02-01 13:37:00 · answer #2 · answered by loan_wzrd 2 · 0 1

The only way to have it removed from your credit record is if it was erroneous in the first place. Although the lien may have been cleared through payment or other discharge arrangement, the fact that it existed will normally stay on the credit report with a status of "discharged" or "settled".

2007-02-01 13:34:54 · answer #3 · answered by Bostonian In MO 7 · 0 1

Pay your taxes and then wait 7 years and it will come off all by itself.

2007-02-01 13:30:06 · answer #4 · answered by PRS 6 · 0 1

call them and ask ...

2007-02-01 13:25:29 · answer #5 · answered by swimmyfishy 4 · 0 1

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