Department of the Treasury Internal Revenue Service Form Application for Withdrawal of Filed Form 668 Y Notice of Federal Tax Lien 12277 October 2011 Internal Revenue Code Section 6323 j 1. 12. Explain the basis for the withdrawal request attach additional sheets and other documentation that substantiates your request as needed Under penalties of perjury I declare that I have examined this application including any accompanying schedules exhibits affidavits and statements and to the best of my knowledge and belief it is true correct and complete Affirmation Signature Taxpayer or Representative Catalog Number 27939C Title if business www.irs.gov Date Form 12277 Rev. 10-2011 Page 2 of 2 General Instructions a. If a determination is made to withdraw the NFTL we will file a Form 10916 c Withdrawal of Filed Notice of Federal Tax Lien in the recording office where the original NFTL was filed and provide you a copy of the document for your records. Unknown means you do not know the current status of the lien. reason s for the withdrawal request. NOTE If you are requesting a withdrawal of a released NFTL you generally should check the last box regarding the best interest provision. Section 12 Provide a detailed explanation of the events or the situation to support your reason s for the withdrawal request. Attach additional sheets and supporting documentation as needed. completing the application for a business taxpayer enter your title in the business. 2. Mail your application to the IRS office assigned your account. If the account is not assigned or you are uncertain where it is assigned mail your application to IRS ATTN Advisory Group Manager in the area where you live or is the taxpayer s principal place of business. The request must provide authorizing the additional notifications. b. A copy of the notice of withdrawal if available and c. A supplemental list of the names and addresses of any credit reporting agencies financial institutions or creditors to notify of the withdrawal of the filed Form 668 Y. Section 10 Check the box that indicates the current status of the lien. Open means there is still a balance owed with respect to the tax liabilities listed on the NFTL. Released means the lien has been satisfied or is no longer enforceable. Unknown means you do not know the current status of the lien. reason s for the withdrawal request. NOTE If you are requesting a withdrawal of a released NFTL you generally should check the last box regarding the best interest provision. Section 12 Provide a detailed explanation of the events or the situation to support your reason s for the withdrawal request. 5. If at a later date additional copies of the withdrawal notice are needed you must provide a written request to the Advisory Group Manager. The request must provide authorizing the additional notifications. b. A copy of the notice of withdrawal if available and c. A supplemental list of the names and addresses of any credit reporting agencies financial institutions or creditors to notify of the withdrawal of the filed Form 668 Y. Section 10 Check the box that indicates the current status of the lien. Open means there is still a balance owed with respect to the tax liabilities listed on the NFTL. Released means the lien has been satisfied or is no longer enforceable. Current status of the federal tax lien x appropriate box Open Released Unknown 11. Reason for requesting withdrawal of the filed Notice of Federal Tax Lien x appropriate box es The Notice of Federal Tax Lien was filed prematurely or not in accordance with IRS procedures. The taxpayer entered into an installment agreement to satisfy the liability for which the lien was imposed and the agreement did not provide for a Notice of Federal Tax Lien to be filed. The taxpayer is under a Direct Debit Installment Agreement. Withdrawal will facilitate collection of the tax. The taxpayer or the Taxpayer Advocate acting on behalf of the taxpayer believes withdrawal is in the best interest of the taxpayer and the government. 2. Mail your application to the IRS office assigned your account. If the account is not assigned or you are uncertain where it is assigned mail your application to IRS ATTN Advisory Group Manager in the area where you live or is the taxpayer s principal place of business. Use Publication 4235 Advisory Group Addresses to determine the appropriate office. 3. Your application will be reviewed and if needed you may be asked to provide additional information. You will be contacted regarding a determination on your application.. Privacy Act Notice We ask for the information on this form to carry out the purpose of this form is to apply for withdrawal of a notice of federal tax lien. The information requested on this form is needed to process your application and to determine whether the notice of federal tax lien can be withdrawn. You are not required to apply for a withdrawal however if you want the notice of federal tax lien to be withdrawn you are required to provide the information requested on this form. Sections 6001 6011 and 6323 of the Internal Revenue Code authorize us to collect this information. Section 6109 requires you to provide the requested may delay or prevent processing your application providing false or fraudulent information may subject you to penalties. Section 9 Attach a copy of the NFTL to be withdrawn if available. If you don t have a copy of the NFTL but have other information about the NFTL enter that information to assist the IRS in processing your request. 5. If at a later date additional copies of the withdrawal notice are needed you must provide a written request to the Advisory Group Manager. The request must provide authorizing the additional notifications. b. A copy of the notice of withdrawal if available and c. A supplemental list of the names and addresses of any credit reporting agencies financial institutions or creditors to notify of the withdrawal of the filed Form 668 Y.
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Music hi and welcome to another IRS forms video today we're tackling IRS form 1 to 277 application for withdrawal of federal tax lien getting the IRS to withdraw lien can be a huge benefit for your clients let's take a look at what that takes and how you can use form 1 to 277 to make it happen tip number 1 how to resolve IRS liens and when to use form 1 2 to 7 7 when a taxpayer lets their tax debt go unaddressed for too long the IRS will respond by placing lien on their assets by issuing a lien the IRS is asserting a legal claim to the taxpayers' property as the security against the tax debt that claim if left unchecked will end with the IRS seizing the taxpayers assets bank accounts valuables real estate with equity in an attempt to fulfill the outstanding tax debt the IRS liens can be resolved in two different ways release and withdrawal a lien release gets rid of most of the immediate effects of a lien because the IRS no longer has any interest in the assets your client may sell or transfer their assets at will the IRS will release the lien 30 days after the tax debt has either been satisfied through an installment agreement or offer in compromise a lien will also be automatically released 30 days after the collection statute expiration date worth the tax debt is discharged in bankruptcy a lien release however does not erase all the effects of Aleen the lien will remain on a taxpayer's credit history unless the IRS withdraws the lien a withdrawal allows the lien to be removed from the clients credit history as if it had never been issued IRS Form 1 2 to 7 7 is the form you want to use to request that withdrawal tip number 2 reasons for lien withdrawal getting a lien with John is obviously the preferable option so how do you know if your client qualifies to have their lien withdrawn line 11 of form 1 2 to 7 7 lists for reasons the IRS will consider withdrawing the lien reason number 1 the notice of federal tax lien was filed prematurely or not in accordance with IRS procedures the IRS will withdraw the lien if the tax that eventually prompted the was assessed in air or if the lien was filed without giving the taxpayer proper notice this is extremely rare as the IRS has multiple fail safes in place to avoid these kinds of mistakes however mistakes do still happen and the IRS will withdraw the lien if you can prove it number two the taxpayer entered into an installment agreement to satisfy the liability for which the lien was imposed and the agreement did not prior a notice of federal tax lien to be filed this is the most common method of getting a lien withdrawn the IRS Fresh Start program allows the.
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