Remove Tax Liens

Owing the IRS can be a traumatic experience. The IRS will often threaten or harass you to make sure they get their money. Not to mention that a tax lien on your credit reports will probably keep you from being approved for loans or credit cards.

Is it possible to remove a tax lien?

If the tax lien being listed isn’t actually yours, or even if there’s mistakes of any kind, you can legally dispute the account through the credit bureaus. Sending a dispute letter will be your best bet in getting it removed from a credit report.

The bureaus have 30 days to look into the account once they receive your letter. Within that time period the bureaus need to remove the account, correct it or let you know that they tax lien has been verified as accurate.

What if the tax lien is verified as accurate?

There are still ways to get the tax lien removed from your credit reports. This will involve settling the debt in order to pay it off and have it removed. Depending on who currently owns that debt they may be willing to negotiate a pay for delete where once everything is paid off, they’ll stop reporting it to the credit bureaus.

Make sure that if you go this route that you get everything in writing. You want to make sure that if you agree to have it removed that once you pay off that debt, they stop reporting it. You may need to send a dispute letter to the bureaus to notify them that the account should no longer be reporting on your reports.

If the IRS is harassing you and you’d like a free consultation to know what can be done, contact My Credit Group today.