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IRS Liens

A federal IRS Liens is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the government’s interest in all your property, including real estate, personal property, and financial assets. A federal IRS Liens exists after:

The IRS:

Puts your balance due on the books (assesses your liability);

Sends you a bill that explains how much you owe (Notice and Demand for Payment); and

You:

Neglect or refuse to fully pay the debt in time.

The IRS files a public document, the Notice of Federal IRS Liens, to alert creditors that the government has a legal right to your property. For more information, refer to Publication 594, The IRS Collection Process

How to Get Rid of a Lien

Paying your tax debt – in full – is the best way to get rid of a federal IRS Liens. The IRS releases your lien within 30 days after you have paid your tax debt.

When conditions are in the best interest of both the government and the taxpayer, other options for reducing the impact of a lien exist.

Discharge of property

A “discharge” removes the lien from a specific property. There are several Internal Revenue Code (IRC) provisions that determine eligibility. For more information, refer to Publication 783, Instructions on How to Apply for Certificate of Discharge From Federal IRS Liens PDF, and the video Selling or Refinancing when there is an IRS Lien.

Subordination

“Subordination” does not remove the lien, but allows other creditors to move ahead of the IRS, which may make it easier to get a loan or mortgage. To determine eligibility, refer to Publication 784, Instructions on How to Apply for a Certificate of Subordination of Federal IRS Liens PDF and the video Selling or Refinancing when there is an IRS Lien

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