How to remove an IRS tax lien on your Minnesota Property ?

Eagan MN

15 March, 2021

2:40 AM

Description

If taxpayers owe money to the IRS, there is already a tax lien against them and all their assets, including those assets they acquire in the future. The IRS often files a public notice to let all other creditors know that money will be paid to the IRS first, and that other unsecured creditors will be behind the IRS in priority. This filing is referred to as a Notice of Federal Tax Lien (NFTL), which is a public document filed to alert third parties that the taxpayer owes the IRS money. Though federal tax liens are often a superior lien to many creditors, a tax lien does not automatically trump other legitimate liens that are filed ahead of it against the taxpayer. The federal tax lien does not jump ahead of mortgages, Uniform Commercial Code (UCC) filings, and other legitimate liens filed ahead of it by other creditors of the taxpayer. There are ways to get the IRS to remove a lien on your assets. If you owe less than $25,000 and you are good standing with the IRS (i.e. No missing tax returns, current on your estimated taxes) you may qualify for fresh initiative program. The IRS created an exception if you set up a direct-debit installment agreement and the taxpayer agrees to pay the IRS by allowing the IRS direct withdrawal from their bank account on a particular day every month . If taxpayers meet this exception, they may request that the NFTL be withdrawn after making three monthly installment payments There are other ways to get a lien remove so that you can refinance, or sell your home even though you owe back tax debt to the IRS. If you or someone you know someone that needs help with resolving IRS or Minnesota tax lien issues. I can be contacted by phone at (612) 516 5878 or you can email me directly at [email protected]. Joe Alabi EA MAcct (Taxation) FishCoin Tax Solutions 4124 Quebec Avenue North Suite 307 New Hope,MN 55427 Phone : 612 516 5878 Fax: 651 409 2021 Email : [email protected]