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Petition for Certificate Releasing Liens 2015

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Instructions and help about Petition For Certificate Releasing Liens

Hi, and welcome to another IRS forms video. Today we’re tackling IRS Form 12277, Application for Withdrawal of Federal Tax Lien. Getting the IRS to withdraw a lien can be a huge benefit for your clients. Let’s take a look at what that takes, and how you can use Form 12277 to make it happen. Tip 1: How to Resolve IRS Liens and When to Use Form 12277 When a taxpayer lets their tax debt go unaddressed for too long, the IRS will respond by placing a lien on their assets. By issuing a lien, the IRS is asserting a legal claim to a taxpayer’s property as a security against the tax debt. That claim, if left unchecked, will end with the IRS seizing the taxpayer’s assets— bank accounts, valuables, real assets 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

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CT PC-205B 2019
4.8 Satisfied (1323 Votes)
CT PC-205B 2015
4.8 Satisfied (632 Votes)

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