Tax Lien Search Options
While it is a complex concept and there are different types of tax liens, in simple words, it can be explained as a “legal claim that government puts on your personal or real estate property or on your business if you do not pay the tax within the given time period”. To begin your online tax lien search use the above form and enter a first and last name and state where the tax lien record was filed.
It is used as the last resort to protect the government’s interest on your property. Federal, state, and local governments can place a tax lien on anyone who fails or ignores to pay income and property taxes.
When a tax lien is placed on your property, this does not mean that the government is going to seize your property; rather, this is to ensure that it gets the first right on it over other creditors.
Who Can Impose A Tax Lien
While the federal government is most likely to place a tax lien on anyone who has not paid tax(es) in the given time, some other authorities can also use it as a tool to collect other types of taxes, such as unpaid property taxes, counties, state tax boards and municipalities can file tax liens, and the Internal Revenue Service (IRS) can place it to collect income taxes. Use the above form to perform an IRS tax lien search.
How A Tax Lien Is Placed
For placing a lien on someone’s property, the government first assesses the total amount of tax debt either through the substitute return field by the taxing authority or through the tax return filed by the taxpayer. A tax bill is then prepared and sent to the tax payer.
If the taxpayer does not pay the tax in the given time, the taxing authority then files a notice for a ‘Federal Tax Lien’ to secure the tax amount and to inform other creditors regarding the claim that the government now has on the property of the taxpayer.
How To Get A Tax Lien Released
For releasing a tax lien, the tax payer has the following different options:
· Pay the Tax Lien Debt
This is obviously the simplest way to get rid of a tax lien. A taxpayer can get all tax liens removed by paying the total amount of tax debt.
· Sign a Direct Debit Installment Agreement
Direct Debt Installment Agreement is a payment plan that a taxpayer signs with the IRS to get the tax lien(s) removed. By signing this agreement, the taxpayer and the IRS agrees on a tax debt payment plan and IRS is given the authority to withdraw a particular amount money every month directly from the taxpayer’s account until all the debt is paid.
· If the Statute of Limitations is Expired
In case of expiration of collection statutes, the lien will automatically get removed from one’s property or business.
· Prove that the IRS did not Follow the Right Procedure
If a taxpayer proves that the Internal Revenue Service (IRS) did not follow the right procedure for placing the tax lien, it will get removed.
Find Out If Tax Lien Still Appears In Your Public Record
The easiest way to find out if a tax lien still appears in your public records is through a public records website that maintains a database of the most updated records. Search Quarry is one such website that regularly updates all the public records to help users. Visit the website and check your public records today to make sure that there isn’t anything that can affect your credit report. With the above form you can perform a tax lien search. Results may include; federal tax liens, IRS tax liens, state tax liens, property tax liens and more.