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1 Post By clydewolf
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IRS May Help With Tax Lein....
The IRS has a new policy on liens that can really help your credit score very quickly. The policy is called "Fresh Start". Instead of just releasing their lien, they will withdraw it too. This means that it's off of your credit report in less than a month instead of seven years.
All you have to do is file the form 12277 if you qualify.
Here is a link to the Form 12277, and instructions: http://www.irs.gov/pub/irs-pdf/f12277.pdf
And here is a link to the Pub 4235, to get the address to mail your Form 12277: http://www.irs.gov/pub/irs-pdf/p4235.pdf
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In addition to what is posted above, the IRS has relaxed it's requirements further. Two examples:
1. The threshold has increased to $50,000 from $25,000.
2. The repayment options increased from a maximum of 60 months to 72 months.
http://www.9news.com/news/article/25...s-who-cant-pay
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