IRS tax lien
Posted: Mon Feb 25, 2013 8:24 am
Hello Shannon:
The IRS will release the lien after the CSED (collection statute expiration
date) has been reached. Until it releases the lien, however, the lien is
still valid. So get a transcript, compute the CSED (make sure that you
take into account tolling based on events such as collection due process
requests, bankruptcy, offers in compromise), and once the date is reached,
call the IRS and ask for a lien release.
John D. Faucher
Faucher & Associates
*818/889-8080*
On Fri, Feb 22, 2013 at 3:16 PM, Shannon Doyle wrote:
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> Income tax debt was due/assessed on April 15, 2002. IRS filed lien on Feb
> 15, 2012 (per debtors credit report). Does the lien expire with the 10
> year statute of limitations to collect the underlying debt? ****
>
> ** **
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> Shannon A. Doyle****
>
> Attorney at Law****
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> [image: small logo]****
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> 100 N. Barranca Avenue, Suite 250****
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> West Covina, CA 91791-1600****
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> Tel: (626) 646-2555****
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> Fax: (626) 332-8644****
>
> www.blclaw.com ****
>
> ** **
>
>
>
Hello Shannon:The IRS will release the lien after the CSED (collection statute expiration date) has been reached. Until it releases the lien, however, the lien is still valid. So get a transcript, compute the CSED (make sure that you take into account tolling based on events such as collection due process requests, bankruptcy, offers in compromise), and once the date is reached, call the IRS and ask for a lien release.
John D. Faucher
Faucher & Associates818/889-8080
On Fri, Feb 22, 2013 at 3:16 PM, Shannon Doyle <sdoyle@blclaw.com> wrote:
Income tax debt was due/assessed on April 15, 2002. IRS filed lien on Feb 15, 2012 (per debtors credit report). Does the lien expire with the 10 year statute of limitations to collect the underlying debt?
Shannon A. DoyleAttorney at Law
100 N. Barranca Avenue, Suite 250
West Covina, CA 91791-1600Tel: (626) 646-2555
Fax: (626) 332-8644www.blclaw.com
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