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Iowa online Form 12277: What You Should Know
How can you remove a tax lien from your credit report? When filing a Form 12277, the tax agency in Washington will request a copy of your credit file. However, the information from the credit report is not necessarily correct or complete. In most cases where a tax lien was filed, the document you'll receive from the IRS is not actually your tax file. The federal tax lien was issued for your information, but the tax lien was not filed by you as the taxpayer you actually are. The tax lien filing agency used the information on your credit report to issue a tax lien. If the lien was filed by one of your creditors, for example, you will receive a notice from that creditor of how that debt was calculated and why a tax lien was given. The IRS says that if you've never filed a federal income tax return, the best way to get rid of a tax lien is to fill out Form 4684, Return To Collection and then send it in. Then your credit report will reflect the IRS notice of an IRS tax lien. You'll want to check you credit file as well to ensure that the tax lien was not issued by another person. You do this through a credit report check. An uncollected tax lien must be paid to the IRS. When should you not file a Form 4684? If the tax lien was not issued by the tax filing agency but a federal taxpayer, you can still clear out the lien by filling out Form 4684, Return To Collection. You can also file a new federal income tax return, but you wouldn't be able to withdraw a credit for the IRS lien. To see what penalties you might owe for filing a Form 4684 after a tax lien was issued, see the Instructions for Form 4684. Can I cancel or postpone a credit filing for an IRS tax lien? Federal tax lien withdrawals must be done before April 15. When you file your Form 4684, you'll indicate on the form when your credit must be withdrawn. However, if you cancel the Form 4684 by the deadline, it will remain on your credit report for 7 years after the date when you fill out Form 4684. Can I file a claim with my creditors for a tax lien cancellation and a lien release? Yes, you can file a claim with creditors for the release of an IRS tax lien.
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