Comments on: Notice of tax lien filing and certificate of release from irs? http://taxlieninvestingnews.com/questions-and-answers/notice-of-tax-lien-filing-and-certificate-of-release-from-irs/ Current news on Tax Lien Investing Tue, 22 May 2012 07:29:57 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: wartz http://taxlieninvestingnews.com/questions-and-answers/notice-of-tax-lien-filing-and-certificate-of-release-from-irs/comment-page-1/#comment-55 wartz Sun, 10 May 2009 08:59:01 +0000 http://taxlieninvestingnews.com/questions-and-answers/notice-of-tax-lien-filing-and-certificate-of-release-from-irs/#comment-55 You owe unpaid taxes and IRS has filed a Notice of Federal Tax Lien. This gives IRS priority rights against other creditors you might have. Think of it as being about the same as a notice of a court judgment being filed in the public records. You have the right to a hearing with IRS Appeals if you feel the lien was filed in error. Unless there was a major league screw-up, you will have no case for that. If you do not pay the tax covered by the lien, the statute of limitations allowing IRS to collect will ORDINARILY be 10 years from the date of assessment. This is the date on the first bill IRS sent you. If the statute of limitations date is extended for any reason, IRS has to "refile" the lien by the date shown in column (e) of the form to keep its priority rights to your property. If it does not refile the lien, it automatically releases itself. There is no certificate of release filed, the lien just self-destructs. You owe unpaid taxes and IRS has filed a Notice of Federal Tax Lien. This gives IRS priority rights against other creditors you might have. Think of it as being about the same as a notice of a court judgment being filed in the public records.

You have the right to a hearing with IRS Appeals if you feel the lien was filed in error. Unless there was a major league screw-up, you will have no case for that.

If you do not pay the tax covered by the lien, the statute of limitations allowing IRS to collect will ORDINARILY be 10 years from the date of assessment. This is the date on the first bill IRS sent you.

If the statute of limitations date is extended for any reason, IRS has to “refile” the lien by the date shown in column (e) of the form to keep its priority rights to your property. If it does not refile the lien, it automatically releases itself. There is no certificate of release filed, the lien just self-destructs.

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