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Rancho Cucamonga California Form 12277: What You Should Know
The IRS can revoke the tax lien if you don't respond within 120 days of receiving the notice. That's what happened to me: I forgot to respond to the notice and the lien was lifted after six months. Since I didn't respond, the lien was reinstated. Even though the Lien was placed on file for six months, I no longer owe taxes on this property. It's not a bad first step. After submitting the proper notice, the IRS asks for: your legal name You must respond within 120 days after the IRS sends out the notice stating that you have not complied with the notice of tax lien. Your response is necessary for the IRS to issue a certificate of tax lien removal. Reasons to Reassess and Remove a Tax Lien Once you get rid of your lien, it should be easy to get a credit on future property tax bills. The IRS will not send you a bill until the lien has been revoked. For property taxes due within 180 days, you will have to pay a late fee to the IRS in order to have a record of the debt recorded. For taxes due after 180 days, the IRS will only consider the taxes that were actually paid when you submit a tax return, which takes around 10 days. How to Get a Tax Credit for Tax Bills Due After 180 days Your state income tax office will send you a bill if the tax bill is more than 120 days overdue. Just pay it by credit card or through escrow if you're in California or pay through PayPal if you are in Kansas. If the bill arrives late the IRS will assess a late fee, with 10 per day the bill is after the 180 days. You will have to pay the late fee, which will reduce the credit that is issued by the IRS. If you do not pay the fine, you will not have a credit on your state taxes. When an IRS tax lien has been removed, you need to submit this form at: The notice of federal tax lien is only for notice purposes. It does not affect your credit history. Do not give this notice to anyone else. The lien will stay on your record for six months unless you pay the 10 late fee. If you file a lien discharge, the IRS will remove the lien from your credit reports within 90 days of the notice.
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