Quantcast
Channel: My Finance Reporter » credit score
Viewing all articles
Browse latest Browse all 4

The Removing An IRS Tax Lien From Ones Credit Report

$
0
0
IRS A DEBT TO THE IRS IS CAPABLE OF HASTILY BECOMING AN IRS LIEN It is possible to make the IRS withdraw a federal tax lien, alert the credit reporting agencies of having done so, and benefit from a consequential boost in ones credit score. All you need to do to successfully dispute the IRS lien is show that every one of the administrative steps within the IRS preceding the lien were not complied with by the IRS. The Internal Revenue Service by federal code only gives those owing tax money ten days to fulfill their tax debt before filing a federal tax lien and making the unpaid tax debt a subject of public record. The credit agencies are constantly reviewing the public records and when they discover a federal tax lien in your records it can have a significant damaging impact on your credit rating. Federal law at 26 U.S.C. § 6323(j) presents an opportunity to have an IRS lien withdrawn by the IRS with them providing notice to the credit bureaus of having done so. Once that is done, the credit bureaus are to treat it “as if the withdrawn notice had not been filed“. See 26 U.S.C. [...]

Viewing all articles
Browse latest Browse all 4

Trending Articles