Will IRS Withdraw My Federal Tax Lien?

Yes, if you qualify. You can get your federal tax lien withdrawn after the lien has been released if your tax liability has been satisfied, your lien has been released, and you are in compliance for the past three years in filing all individual and business returns and all information returns. You must also be current on your estimated tax payments and federal tax deposits, as applicable. You can also get a lien withdrawn by entering into a direct debit installment agreement. Eligible taxpayers are individuals, businesses with income tax liability only, and out of business entities with any type of tax debt. The tax debt must be less than $25,000, you installment agreement must full pay the amount you owe the earlier of  60 months or before the collection statue expires, you must be in full compliance with other filing and payment requirements, have made 3 consecutive direct debit payments, not received a lien withdrawal for the same taxes unless the original lien was in error, and you haven't defaulted on your current, or any previous direct debit installment agreement. This is an excellent option if you qualify as it will withdraw the federal tax lien as though it was never filed. IRS form 12277, Application for Withdrawal is the form you use to apply to have a federal tax lien withdrawn.

Robby
Selph & Friday CPA
Phone: 903-792-0281
www.selphandfridaycpa.com
Email: rselphcpa@cableone.net

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