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Tax Lien Knowledge Base

I have a federal tax lien for unpaid taxes,the statue of limitations runs out in 2011,will the lien be removed I have a federal tax lien and a county tax lien will these automatically be removed when the statue of limitations runs out? Or will the debt still have to be paid to remove the lien?
What happens to a tax lien if the property goes on foreclosure? Lets say the owner cannot pay the mortgage and house goes on foreclosure and there is a tax lien on the property. The property is worth less than what is owed, no equity. What happens to the tax lien? You mean the person that purchases the home is the one paying for the pending lien?
What financial obligation does property Tax lien investors have during the 1 year redemption period? After winning the tax lien auction and paying the promised amount + misc fees, what other financial obligation does property Tax lien investors have during the 1 year redemption period if there is an outstanding mortgage on the property?
How do I get a tax lien released? I do not have the money to hire a lawyer to help me, or the money to pay the taxes. My business can not get credit to operate, and I am losing money. I need the tax lien released before I go under. I have talked to the IRS, put they only send me publications I do not understand.
How can a state tax lien remain on the books for ten years but the statute clear it after 6? I recently discovered I have a S&U Tax lien with my state going back 7 years ago. (was NOT on my credit report.) Accounts and lawyers and the State are now bickering about the Codes and limitations; appears the books say two different things. This is beyond my comprehension. Can someone explain? It's in TN. The State says my lien will last 10 yrs. We've found in the code a statute of limitations of 6. My accountants and attys say I should be relieved of this burden; seems to good to be true to me... I need to buy a house pronto in TN and am unable due to the lien on my NAME. (I was a sole prop.) Statutes Of Limitations A money judgment has a limitation period of 10 years. T.C.A. 28-3-110 However, the lien is lost if execution is not taken out within 3 years from the date of entry of the judgment. T.C.A. 25-5-105. Note: T.C.A. 25-5-105 was amended 5/17/00 to increase the time of execution to 10 years. (The change was not retroactive.) State Tax Liens filed after February 1994 expire 10 years after the filing date unless a new lien or renewal is filed. T.C.A. 67-1-1403. >>The lien was filed in '99. I am uncertain if any renewals were filed (I certainly wasn't made aware). I'm SOO confused...
does a federal tax lien take priority on fully disbursed secured loan? bank gave 2 secured loans in 2005 to company A. One was 1 million used to buy equipment for the plant. the second one was line of credit partially used to buy a truck and then a later draw to buy raw material. Company A failed to file taxes end of 2005. In 2007 the irs filed a tax lien. Does the tax lien take priority over the security interest on 1st loan. Does it take priority over the truck; how about the draw used for raw material?
How do you purchase a tax lien property in Pennsylvania? I am looking for an investment and a family member suggested I purchase tax lien properties. He lives in another state and he is not sure how it works in PA. I have been doing some research online but I have only found limited information. If anyone has purchased a property, I need to know how to get started. Everyone says to go through the Tax Assessors office, but I can not find one in Pennsylvania.
How many years is a federal tax lien valid? Does anyone know if an IRS tax lien filed 10 years ago is still valid, and if not, how to expunge it?
How will negative equity in a home affect a tax lien or foreclosure? I have a home that has negative equity, probably $50k or more. I also have a tax lien for ~$3500. I will be losing my job in about a month's time and it will not be possible to pay my mortgage. If I just walk away from the home am I still responsible for the tax lien?
How do you purchase tax lien properties? Anyone familiar with the tax lien purchase process? I know the county holds a tax sale for delinquent properties but what happens after you buy a property? If the property has a mortgage lien, what happens to it after the tax sale?
How does a property tax lien impact credit for a person on the deed? My husband had financed/purchased a property with his own name. However, he listed me on the deed. The home is now in foreclosure preceedings and I am worried that if I don't pay the property taxes for that property that I am liable for the taxes and it will impact my credit score and ability to rent. Also, if a property tax lien is placed on my credit - how does that work. Do they place it for every missed tax payment?
When and where are tax lien auctions in Maricopa County, Arizona? I am trying to learn when and where are tax lien auctions in Maricopa County, Arizona? Also, what yield can I expect from buying Tax Liens in Maricopa County? I know that the starting rate is 16%, but how far does it get bid down? Thank you.
what happens to a tax lien when a home forecloses? What happens to a tax lien that your are supposed to hold for three years when the home goes into foreclosure and the bank takes the home back? Do you get the deed or just the money you spent for the tax lien back with interest? i am in the market to buy a propery at a tax lien auction. what happens after i hold the tax lien pay the taxes for three years if the home goes into foreclosure before the three years are up?
If a tax lien is filed against personal property can they take money from an insurance settlement? I just had a tax lien filed against my husband and I and I'm worried that I will never see the money that we just settled on from the insurance company regarding a car accident? Can anyone tell me if I will get my money or not? We were paying on our back taxes until I and my husband became unemployed. I'm just worried that somehow they will get our insurance settlement (not much) before we even see it. We need this money to pay bills or we will be homeless and no way of paying bills
How long after I pay an outstanding sales tax lien in NY state will they un-freeze my bank accounts? They filed a tax lien against me about 30 days ago and now they have frozen my bank accounts. I am literally without any access to my money at all. I will have to put the entire payment of $7000 on a credit card. How long until they relinquish my funds in the bank?
Can I sell a property that has a Income tax lien on it? I know that whatever profit there is on the sale would first go to the IRS toward the tax lien, but I am not sure how the tax lien will affect the sale. By the way, after selling the property the tax lien will not be totally paid off. All of the money from the sale will go toward the lien and it won't be enough to pay the entire debt. Does that effect the sale?Will it take longer to close the deal? does the IRS have to sign off on it? How does it affect the marketing of the property and does it affect the buyer in any way?
In reference to a Federal Tax Lien, is my business considered an asset? I have just started my own business and have received notification that I have a Federal Tax Lien filed against me for my person taxes. Is my business considered property or an asset that the IRS can attach to satisfy the lien? My business is an LLC.
How long does a RESOLVED tax lien stay on your credit? Had a tax lien that was challenged and resolved......... I have a Tax Lien Release from the IRS. It is still on one of my credit reports and when I questioned it, they came back and said it was still there and would now be on for another 11 YEARS! Can they do this? How can I get it removed?
How do I get an erroneous California State Tax Lien removed from my credit report? I have a tax lien on my credit reports - again - some 12 years after CA put it on, even though I didn't owe taxes (OK, I filed late without an extension...my fault...). I have had it removed three times over the years, but checked my Credit report not long ago and there it was again. Each time I've needed to send in the proof document from the state (they've provided it to me back in 1995) and send it to the three credit bureaus...and it will come off for a bit, but ends up back on again - screwing up my credit scores. Is there a reliable way to keep this from continuing to happen? Does anyone know? Anyone every cracked to code on the California Franchise tax board's reporting mess? Thanks. Steve in Seattle. I should ephasize: This is NOT a PAID tax lien - it's a tax lien that was removed by the State of California since I no longer owed the taxes. The document I have is dated 1995. I will contact CA State Franchise Tax Board. As a California State Gov't Agency, it will probably be equally unenjoyable and innefective as a trip the the CA DMV. Thanks All!
If a tax lien company has a tax certificate on some property how do we buy it? I asked this in real estate also...but we are interested in buying some property in Oklahoma, but couldn't locate the owner...after some digging we found that they owe 4 years of back taxes on the place. If we want to purchase it do we have to buy the certificate from the tax lien company or speak with the owner? Any help would be great!! Thanks! The thing that is making this so difficult is that I cannot track down the owner, all the numbers I have found so far are disconnected...I'm really not sure what else to do.
My state agreed to remove a state tax lien due to me being deployed to IRAQ. How much will it raise my score? They agreed because I was deployed when the lien went into delinquincy/collections. I was also deployed when the notices was sent out saying they would take my taxes. I filed my taxes as soon as I got home and they took out the debt. One month later the TAX Lien showed up on my credit report. They really bent their regulation for us and I thank them.
How do you remove a paid tax lien from ones credit report? I would like to remove a paid state tax lien from my credit report. Besides going to a credit repair agency what else can I do to get it removed. I am in the process of refinancing my house and it is hurting my score. Any help I can get would be appreciated. thanks.
How fast can they take your home in a tax lien? The notice says if not paid by april 30th there will be a tax lien put on the home. This is in maine by the way sorry about not specifing. So they won't make me leave the day the lien is put on the house? I'm afraid of the shierff coming on th 30th and throwingme on the street.
Where to buy tax lien certificates and who to ask? I am planning to buy tax lien certificates, who should I ask for it? Thanks!
What is the best way to handle an old tax lien? I have an old tax lien that just turned 10 years old, yet it is still on my credit report. I know that according to the tax code, a tax lien falls off 10 years after it was ASSESSED, not 10 years when it was filed, unless they take some court action to try and collect it. It is a bogus lien and should never have been placed on my name, but the IRS has ignored previous requests to remove it, no matter what I say. What is the next step if I can't pay it?
How do you go about purchasing a tax lien CD? In the book Rich Dad, Poor Dad, they talk about purchasing tax lien CDs. I was wondering how to you purchase them? Where do you go to purchase them and is it true they have a high interest rate? Where can I get more information on this?
Can i buy a house with a tax lien that is not mine on my credit report? My wife has a tax lien that does not belong to her on her credit report. We have notified the the IRS and the recorders office about the mistake and we have documentation claiming (supposedly) to have fixed the problem. Two credit reporting agencies have deleted the file all together, but one decided to keep it as paid/released and will not delete the report. This is the second time for the dispute.
If if file with someone who has a tax lien against them for unpaid student loans will they keep the refund? I thought about filing taxes with my boyfriend, but I have unpaid student loans. Since there is a tax lien against me, will they keep the refund or not. If we get a refund, can they audit us and make us pay that money back?
Is there someone who is familiar with Illinois tax lien sale? I would like to buy a tax lien but I am confused with the 2 yr redemption period here in Illinois. If you purchased a lien for the tax year 2006(sold in 2008), and the owner did not pay their taxes and failed to pay again in tax year 2007, will you have the right to purchase the 2007 taxes and foreclosed the property OR will it be sold again in 2009 for the 2007 tax sale? Please help THANKS
How can I find out if there is a federal tax lien on my automobile? I have the title and I am the only one listed on it. However, there was a federal tax lien filed about a month ago. How do I find out if the lien affects my car? I do not have any other assets.
what happens after a federal tax lien withdrawal denied? I have an OIC pending, the IRS did not know that due to backlog, they filed a Fedral Tax lien, I submitted a request to withdraw but was denied. They sent a levy notice and I called and they found out that I have an OIC pending so they put a hold on the collection, what would their next step after teh withdrawal denial be? Would they levy or they will keep the hold tilla decision is made on teh OIC?
What is the procedure and how difficult is it to obtain a tax lien home? Please answer the question above. Thanks... Also, are these tax lien homes free and clear with no monthly payments?
Are Maricopa tax lien certificates subordinate to federal tax liens? I've seen many conflicting answers. I need to know if a Maricopa County tax lien certificate of purchase is subordinate to state and federal tax liens on a property.
If you enter a payment plan agreement for a federal tax lien is the lien released if you stay current? I have a client filing for financing and we can not help him because of a tax lien on his credit. He says he has been in a payment plan for over one year. His attorney and accountant are under the impression that the actual lien should be removed from his credit as long as he is current in his agreement. If so, how does he go about getting it removed?
Can CA state garnish wages in another state for a tax lien? I have a state tax lien thats over 13 years old. I went to get it removed from my credit report and now CA wants to collect it. Can they cross over into another state and garnish my paycheck?
What does it mean to take assignment of a tax lien? I was inquiring to a 3rd party tax lien company, about a property I was interested. The reply was "You may take an assignment of our liens on this property and bring it to foreclosure if you’d like to try to acquire this property.. The payoff for an assignment on this property through the end of July 2009 is $........" What exactly is the process, and what do I get out of it, other than forcing foreclosure.
Has anyone gonna out from a tax lien ? and how and who helped you get your life back? Basically I havent recieved a tax return in 20 years. due to a mess up CPA trainee. He filed my taxes wrong. And I am paying for his mistakes. Each year I have filed and they (IRS) withheld my returns and even garnish my wages. Now I can receive a tax lien from my bank, they are attempting to seize all the funds( I manage to pay from my creditors) Now, I won't beable to. What can I do to stop the tax lien?
What exactly is a Tax Lien? What is the advantage to an investor? I've never heard of a 'Tax Lien' before but there are books with it in the title? *WOW* Does that explain a lot of what's been going on around here in Boston for the past few decades.
How do I learn about tax lien investing? I'd like to learn about tax lien investing. I have no real estate backround. Besides scam infomercials and books, are there classes that might teach me....via real estate courses?. I'd really like to learn form a person who can teach the pricinples and answer questions. does this exist?
How long does it take for a Federal Tax Lien to come off your credit? I had a Federal Tax Lien that was filed on my credit in July of last year. I finally have them paid off and is now showing as released on my credit. How long is this public record going to stay on my credit? Thanks
What do I do about a paid tax lien from 10 years ago that is still appearing on my credit reports? This was paid in 96. In fact, it was paid so long ago that the state cannot find a record of when it was actually paid. They just know that I don't owe them any money and haven't owed them in quite some time. I was not aware that I had to pay a $34 processing fee to have the lien released until last Sept. I paid it on the 15th and now I have two tax liens on my credit report. One that says that it is unpaid and another that reads "released". Both read that they will stay on my credit report til 2013. I have sent letters to all three credit agencies protesting these blemishes and explaining that the error is due to a processing fee that, like I said before, I was unaware that I had to pay. Is there anything else I can do?
Where can I find the best and most accurate information on buying tax lien certificates? I have recently become interesting in learning more about buying tax lien certificates. My concerns are where to find the accurate information to learn about them, the does and don't of them and any legal issues that can arise from them that I would have to be leary on.
Where do you find out about tax lien foreclosure sales? Does anyone know how I can find out about buying a tax lien foreclosure house, particularly in california?
How do I buy a tax lien property in New York? The property is worth $300K and the lien is for $375K (more than the value of the property). I was getting close to closing and then the title search revealed the tax lien. Do I have any claims I can bring against the seller's broker (the sellers apparently are illiquid).
My ex husband and I have a tax lien in another state from 1996. How can I get my name off of it? The ex husband had a business at the time, thus the tax lien. When I called the state to find out about the lien, after seeing it on my credit report, they had to actually look it up under him. My name was no where on the lien. How do I get this off my credit report? Will I simply have to break down and pay off his debt?
Can a person owe federal or state income tax without having a tax lien against them? Can a person owe federal or state income tax without having a tax lien against them?
Which course do you suggest about tax lien investing? How to win on tax lien and tax deeds auctions? I've heared tax lien investing can be very profitabile and secured so I am interested in manuals/guides/books and courses which you are suggesting. Please only those based on expirience (if you have studied it and you can recommend it).
Will satisfying a tax lien raise my credit score? I have been on a payment plan with the IRS for a tax lien, and need to settle the lien before I will be able to close on a mortgage. Once the lien is settled, will this raise my credit score, or only show that the lien has been released? Either way, I'm going to pay off the lien.
If I win a Condo at a property tax lien auction and the developer defaults do I owe on his unpaid mortgage? I do not think the developer wants this condo so I don't think he will pay the interest. He probably has a mortgage on it. Will I owe his mortgage when I eventually move in? I live in a tax lien state. I would like to live and own this condo as cheaply as possible. I am willing to wait a few years to live in this lovely complex. I rent now.
To boost my credit score is it better to use money to pay off a federal tax lien or credit debt? I have some cash and want to improve my credit score. I have an IRS tax lien for about the same amount as my outstanding credit card balances. What would be a better action? Should I pay off the tax lien, currently on installment, or should I pay off credit card debt?
How do I find out why there is a California State Tax Lien on my Credit Report? A California State Tax Lien has been posted to my Credit Report. There is no reason at all that a Lien should be on my Bureau but there is and it is preventing me from buying a house. I am trying to locate the Source of this problem and have had no luck at all.
Can there be a tax lien for child support through civil court? My ex-wife has not payed any support for our children and I gave up on child support agencies, I was wondering if I can sue her in civil court, but I know she still won't pay (the children are both over the age limit here in California) can the courts at least put a tax lien on her taxes?
How do I get started in tax lien investment in Connecticut? How do I get started in tax lien investment in Connecticut, can I live in CT and invest in Tax Liens in other states and how do I get the information for other states, also what are the best web sites to get free information
what happens to a mortgage after a tax lien auction? Does some of the mortgage get paid? I wanted to know if I let a land parcel go into a tax lien auction, does some of the money go to pay down the mortgage?
If I buy a home at a tax lien sale, do I inherit the mortgage or any other liens? I purchased a mobile home at a tax sale and it is time to redeem. Do I inherit the liens that are on it? and what about the mortrgage lien?
I have a question about a released Tax Lien on my credit? Last year the IRS filed a $1,0000.00 tax lien against me and reported it on my credit. I finally got them paid off a few months ago and they have released the lien. On my credit, it now shows as a relased tax lien. I have heard that sometimes, if you dispute some negative information on your credit report, a lot of times the reporting agency/company does not respond and it gets removed from your credit bureau file. My question is: What would happen if I disputed the tax lien on my credit report. Considering the IRS has been paid and they have released the lien, what would they do? Is there any hope of success in having it removed from my credit files, also would I be breaking any laws? Please help! One other thing, this released tax lien is the only negative mark on my credit.
What does tax lien released mean? I pulled up my credit report and under public records there is an inquiry from my county saying tax lien released. What is that?
Can a paid tax lien be removed from my credit report? Ok, I am guessing not but I read a few anwsers to a question the same as mine and they were saying it would be removed when paid. I am in Minnesota. Should have a great credit score but this paid tax lien is really holding us down on our credit report. Any help would be great. It was paid this year.
Can a refund be received after IRS filing tax lien against Real Estate Property? A tax lien has been filed against our home for taxes my husband owes (we file seperatly). Once his 08 return is filed and a refund due will he receive that? Tax lien filed against our property last summer...??
how do i get a state tax lien removed after paying it off? I had a state tax lien in georgia, i payed it off and need it to be reflected with all three credit bureaus.
Does anyone know which form I need to fill out to dispute a federal tax lien? I found out that I have a federal tax lien against me back from a few years ago when I recently applied for a home loan. I know this is not mine and I want to dispute it. But I can't for the life of me get ahold of anyone who can tell which form I need to dispute this. Can anyone please help?
How can I use self-directed IRA money to participate in internet auctions for tax-lien certificates? I'm trying to get started in investing in tax-lien certificates using money in my self-directed IRA. I'd like to try participating in online auctions for county tax sales, but many of them require you to deposit some sort of "down payment" as good faith money. Does anyone know if/how I can get the money from my IRA for my deposit, so that my IRA completely holds the entire interest in these assets? Thanks in advance for your help.
Can I find a tax lien or levy? How can I find out if a company has placed a lien on my federal or california state taxes? Last year a doctor's office took a little bit of my federal tax return although I never knew it. How can I find out if there have been liens placed on my federal tax return or state tax return?
What percent of Tax Lien Certificates end up with certificate lienholder getting the property free and clear? I know that in most cases the homeowner eventually pays it off or the lender will, but theres a small amount of them that end up staying unpaid and the person who invested in the tax lien ends up getting the property free and clear... What percent of the time does that happen?
Is it illegal for a bank to open a business checking account to a company whose owner has a state tax lien? We wanted to move our business checking account to another bank offering more services and were denied an account because of a state tax lien. Is this the law or is this the bank not wanting to deal with any hassle of a bank levy? The tax debt has since been put into a reorganization wage earner bankruptcy and is being paid every month. Would we be able to propose this to the new bank and have a better chance of getting an account or is just a legal matter that they cannot. The tax lien will stay on our credit report until it is completely paid (not for a while yet)
How can I get a Tax Lien Sales list for Wisconsin without joining a site? I need to get a Tax Lien Sales/Auction list for Sawyer County Wisconsin, but I don't want to pay to join a site. Can you help me?
How do I make money from Tax Lien? How do I make money from Tax Lien? Is it a better and safer option than investing in foreclosure? what other ways are there to profit from the current market? thanks for any input?
Is a tax lien priorty payment in a foreclosure? Since my house was foreclosed on, will the tax lien be paid out of the proceeds? Obviously they took a lot less for the property than it is worth. House was just appraised at 400,000, I owe ~$250,000, they sold for 242,000 (I was told by the person who showed up at my door), this whole situation is worse than anyone would be believe...I am sure others are going thru it too, and really I think I only have my self to blame. Thank you for your help and answers!
How can I get a paid state of GA. tax lien released? Tax lien was paid with federal tax return money last year. The state automatically took what was needed to pay it and then I received the rest of my federal return then. State of Ga. dept of Rev shows it paid but courthouse does not. Dept. of rev supposedly sent release to courthouse but was lost and now they are all just waiting. I have called dept. of rev repeatedly for over six months and still is not resolved. Tax liens have been paid since 02/13/06. Need Help bad!!!!!!!
I want to purchase a condo that has a tax lien on it? I want to purchase a condo that has a tax lien on it but I dont kown where to go to get more information. It seems like some real estate agents dont know a lot about it. Where can I go to get more information?
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