Discussion:IRS Lien
From TaxAlmanac
Discussion Forum Index --> Advanced Tax Questions --> IRS Lien
Discussion Forum Index --> Tax Questions --> IRS Lien
Southparkcpa (talk|edits) said: | 24 January 2008 |
| I prepared an OIC over 8 years ago for an employee of one of my best clients. he settled and the IRS accepted. The IRS still has a lien on his home. I do not have any of the paperwork any longer and nor does he. I agree he should.
I have been asked personally by my client to see what I can do. I do very little IRS representation and have never done an OIC again, not my cup of tea. Any ideas from anyone would be extremely appreciated. I am not afmiliar with the IRS areas in knowing who to call. SP CPA | |
TheTinCook (talk|edits) said: | 24 January 2008 |
| Check out Publication 1450 | |
| 24 January 2008 | |
| I suggest you start by ordering a Transcript of Account for the years covered by the Offer. Contact the Practitioners Hotline or use e-services for that. | |
Ourtuition (talk|edits) said: | 24 January 2008 |
| then get in contact with the IRS Lein desk | |
Death&Taxes (talk|edits) said: | 24 January 2008 |
| I am dating myself but they used to have a Special Procedures Branch(?) where I recall a client who completed his offer contacted when he found liens recorded in various counties in NJ. He had no real estate, but apparently they recorded in many places where he had sources of income. | |
| 25 January 2008 | |
| The lien should have been released as soon as the consideration for the offer was paid. If it is still good, IRS should say sorry and get it done.
That aside, if you did the OIC 8 years ago and the lien was inadvertently not release, the assessments are probably 10 years old now and the self-releasing feature of the lien will have kicked in so the lien self-destructs. Another problem may be that the lien was released but still shows up on the client's credit report. I've seen that happen over and over. | |
| 25 January 2008 | |
| I have had that exact same problem in a different context Mscash. I will release a judgment lien against someone I've sued after payment of judgment. They try to get a loan, and call cussing me out, saying the lien is still of record. No, it's not. It's the negligent credit bureaus... and the government won't pass laws to truly police the industry. I can understand a little lag time, but... | |
Death&Taxes (talk|edits) said: | 25 January 2008 |
| Hey Crow, I believe it is Mr. Cash. | |
| 25 January 2008 | |
| I wonder if the Taxpayer Advocate and a Form 911 may be a place to try? Per TinCook 1450 will point you in the right directtion. | |
| 25 January 2008 | |
| Thank you D&T, I made a correction. Cash is as venerable a name as you'll find in this trade; and it inspires a lot of confidence in the client. I was never able to crack the Latin American trade in my area, and it really hurt my feelings, until I found out that Crow (Cuervo) in some Latin American countries is slang for crooked lawyer. A name like Denero would have come in mighty handy. | |
