Click to verify BBB accreditation
A+ on BBB
Community Chat
Community Area
Search:

Helpful Resources


Community




Creditmagic Twitter





Credit on Facebook



HomeCredit ForumCredit repair

Can IRS place 4 tax liens for single debt?

 Post reply  Start a topic
Author Message
Options
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to del.icio.us
Add to YahooMyWeb
 
Swift512
Guest
Subject: Can IRS place 4 tax liens for single debt?
 
 Posted on Fri Jun 19, 2009 7:03 am  
I fell behind in paying some federal taxes. Tax liens were placed on my property. But what I am troubled with is the IRS agent placed 4 liens for a single debt. The lien was placed in 2005 and paid off in 2007. All liens were released, but now they are showing up on my credit report 4 times. Is there a way I can legally remove at least 3 of the liens. They are penalizing me 4 times for a single debt.

Thanks in advance for any help.
scott

scott

Joined: 28 Jun 2006
scott's page
Posts: 446



10878 Magic Points
 
 Posted on Fri Jun 19, 2009 8:21 am  
Hi Swift,

To remove the tax liens that are wrongly listed on your credit report, you should send a "Dispute Letter" to the credit bureaus. It is possible that the bureaus will take longer than 30 days (usual time for replying to dispute of errors), to reply to your "Dispute Letter" for removal of federal tax liens. You can enclose with the your "Dispute Letter" the Certificate of Release of Federal Tax Lien. At the same time you can also contact the IRS and request them to report to the bureaus, that an error has been made.

As far as the tax lien which is correctly listed is concerned, will stay on your credit report for 7 years, from the day it was released. However, you must review your credit report to check whether the lien has been listed as "Paid". If the tax lien has not been listed as "Paid", it can stay on your credit report for an indefinite time period.
_________________
SCOTT

Use your credit account responsibly and enjoy a debt free life.

Quick Reply
Your Name
Subject
Message body
Page 1 of 1

 





Home|Contact Us|Terms of Services|Privacy Policy|RSS
* Disclosures:
  • Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
  • Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
  • Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
  • Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
  • The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.
Page loaded in 21.058 seconds.