How do I get rid of an IRS Tax Lien?
-
I have had a run-in with the IRS. The IRS is saying that I have a tax lien and I owe $12K in back taxes. Does anyone know what I should do to get rid of this IRS tax lien? I am having a lot of problems with all of this tax debt. Please someone help me! PS - I looked on Google for IRS tax debt help and found a lot of sites. One of them is www.irs-tax-settlement-hq.com ... Does anyone know anything about this (or other) tax settlement companies.
-
Answer:
I had some problems too with the IRS and some tax debt. The company you were asking about www.irs-tax-settlement-hq.com is not one that I have heard of before. I looked at their site and it looked on the up-and-up. My basic advice is to do your research on the company and definitely go with one of these services. I tried to do it on my own through the IRS and with all the tax forms and IRS jargon, it was nearly impossible. At least if you use a tax settlement company, they will have tax professionals who understand the IRS tax code and know what methods they can use to help you get rid of your tax debt fast.
Jack at Yahoo! Answers Visit the source
Other answers
All of the tax settlement firms are pretty much SCAMS. They charge you 4-5 thousand dollars up front, promise you the world and, at the end of the process, you still owe the taxes. The IRS does have a process called an "Offer In Compromise" but they say "No" over 85% of the time. Bottom Line: If you could liquidate everything that you own and pay the debt OR you have a decent income coming in, there is no way that the IRS will accept less. The IRS will probably accept and installment agreement from you but, chances are, the only way that you can "get rid" of this debt is to pay it. Go to IRS.gov and search for Offer In Compromise and start reading. If you qualify, contact a local CPA or EA that has IRS collections experience.
Wayne Z
Contact a local EA or SPA in your area to review the IRS notices. If the tax debt is correct you need to look at setting up an installment agreement. You may qualify for an Offer in Compromise but don't get fooled by offers of "pennies on the dollar" settlements.
daoco
No one gets an IRS tax lien unless a whole lotta other stuff happens first - which you are omitting. You "get rid of it" by paying it.
Woof
The only way that you'll make the lien go away is to pay up. Forget those scams that promise to settle your tax debts for "pennies on the dollar." What they are not saying is that there are 100 pennies in a dollar so any settlement or no settlement at all delivers on the advertising hype. The IRS will only settle for less than full payment if there's no possible way that you could pay in full even by liquidating all of your assets at fire-sale prices and going on an austerity budget for 5 to 7 years. For the most part, the only folks who succeed are elderly or disabled people on fixed incomes or where you owe an impossibly huge amount of money and have an "angel in the wings" who can clear it with payment in full of some lesser amount.
Bash Limpbutt's Oozing Cyst©
You should pay the IRS the $12,000. That is how you get rid of a lien. By paying it. Almost no IRS debts can be settled without full payment. The sites that you found, and the other tax settlement companies, will charge you money for attempting to settle your debt, by filling an offer to the IRS. It is possible that they will file this offer, but even if they do, the IRS rejects most offers. The only thing that changes because you use one of these companies is that you will no longer have the money that you paid the company. You will still have the same lien and the same, unsettled, IRS debt.
StephenWeinstein
How do you plan on paying the high priced scams if you can pay IRS on your own. All you need to do is visit IRS website www.irs.gov and download Form 9465 Installment Agreement request. Propose a monthly payment that you can comfortably afford each month. IRS grants 60 month installment agreements so divide the amount you owe by 60 and that will be the minimum IRS will accept as a monthly payment. Is the debt from return you filed yourself, or did IRS file for you? If IRS filed for you then it is time you file you own tax return and IRS will process your return and possibly owe less than IRS calculated. If you can pay the minimum then also provide IRS with Form 433-F Collection Information Statement. If you prefer you can call IRS at 1-800-829-7650 or 1-800-829-3903, to work out a payment plan, have the Form 433-F completed so you will be able to answer the question when asked. Have this issue taken care of on your own, don't waste your money on scams. Good luck
Ms. Angel..
if you plan to pay someone to fight for you you would be better off using the money to pay your lien if you have a problem with the basis of the lien, the assessment etc. you probably need to contact the Tax Advocate and see if something can't be done with the source of the problem you don't say what your problem is other than you have a problem with IRS and in that you are not alone but there has to be some valid basis for it to be able to do something about getting rid of the problem
tro
Related Q & A:
- How do I get rid of the mucas?Best solution by Yahoo! Answers
- How do I get rid of big pores?Best solution by Yahoo! Answers
- How do I get rid of the BETA message I keep getting?Best solution by support.mozilla.org
- How can I get rid of the "Get IE7 now!" button on the Yahoo Toolbar?Best solution by Yahoo! Answers
- How do I get rid of incredimail and get may e-mails back to yahoo?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.