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Thread: IRS May Help With Tax Lein....

  1. #1
    Comrade
    Join Date
    Aug 2009
    Posts
    198

    Default 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
    bob likes this.

  2. #2
    Pals
    Join Date
    Mar 2012
    Location
    Denver, CO
    Posts
    1

    Default

    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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