Comments on: what is a “certificate of release of federal tax lien”? http://taxlieninvestingnews.com/questions-and-answers/what-is-a-certificate-of-release-of-federal-tax-lien/ Current news on Tax Lien Investing Sun, 20 May 2012 16:31:35 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: neoplop http://taxlieninvestingnews.com/questions-and-answers/what-is-a-certificate-of-release-of-federal-tax-lien/comment-page-1/#comment-222 neoplop Sun, 29 Nov 2009 09:08:52 +0000 http://taxlieninvestingnews.com/questions-and-answers/what-is-a-certificate-of-release-of-federal-tax-lien/#comment-222 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. 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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