what is a “certificate of release of federal tax lien”?
My husband got this certificate. From his first marriage, he came with these tax debts. He just finished paying one of them (dont know how much).
The certificate says: "this office certifies that the taxpayer, under section 6325 of IRS has satisfied the taxes listed below and all statutory additions. Therefore, the lien provided by Code section 6321 for these taxes and additions has been released. The proper officer in the office where the notice of internal revenue tax lien was filed on -may 15, 2002-, is authorized to note the books to show the release of this lien for these taxes and additions."
Also, the certif shows below that the UNPAID balance of assessment is @ ,000, and the last day for refiling is @ 2012.
I am confused. what is it all about? does he have to pay this, and if yes, in how long? does this affect credit score?
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One comment
neoplop on November 29, 2009 at 9:08 am
This is to submit with any credit application, or to remove the lien from his credit report.
A lien is a claim to property due to you owing a debt. He has been RELEASED from the LIEN from this UNPAID debt, not from the debt itself. He still owes the money but the IRS is giving up on collecting it.
The IRS has 10 years from the date the debt was incurred to file liens on it, meaning it could decide to refile the lien between now and 2012.
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