Close

Tax News

Under What Conditions Will The IRS Withdrawal A Lien?

Share this article...
Under What Conditions Will The IRS Withdrawal A Lien?

Under What Conditions Will The IRS Withdrawal A Lien?

The IRS will withdrawal a lien under two separate conditions.  1) With the full payment of the debt, when in full compliance with other tax requirements and 2) Upon entering into a Direct Debit Installment Agreement while meeting specific conditions.

Full Payment of the Debt, While In Full Tax Compliance

The IRS will withdrawal your lien if you  pay your IRS debt in full and you meet the following conditions:

  • You have filed the last three individual and business returns, and;
  • You are current on your estimated tax payments and/or federal tax deposits.

In A Direct Debit Installment Agreement, Under Specific Conditions

If you have entered into an Installment Agreement under the Direct Debt Program and fall under the following conditions, the IRS will withdrawal the lien:

  • You are an individual owing only an individual income tax liability
  • You are a business, still in operation, owing business income tax liabilities only.  Note: payroll tax liabilities are not eligible for a lien withdrawal until the debt is paid in full.
  • You are a business no longer in operation, which owes any type of debt.
  • You owe $25,000 or less (If you owe more than $25,000, you may pay down the balance to $25,000 prior to requesting withdrawal of the lien)
  • The amount you agreed to on your Direct Debit Installment MUST fully pay the total balance within 60 month or before the Collection Statute expires, whichever is earlier
  • You are in full compliance with tax filings and estimated tax payments
  • You can’t have defaulted on your current, or any previous, Direct Debit Installment agreements
  • You have made three consecutive direct debit payments

IRS Announces New Mileage Rates for 2016 and they are DOWN from 2015!

What Do You Need To Know If The IRS Has Seized Your Bank Account?

PDF
Printable PDF

Have a Question About This Topic?

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the Terms of Use and Privacy Policy.

NEVER MISS A STORY.

Sign up for our newsletters and get our articles delivered right to your inbox.

 

Track Your Refund

 
Track Federal Refund Check Federal Amended Return Refund

Check your State Refund

Client Login

 

Refer a Friend

.