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Posted in Taxes
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d7azJKL

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How can a paid tax lien be removed from a credit report

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If its a paid/released Federal tax lien? You can request IRS to withdraw it from your report if certain conditions are met. Go to IRS's site and search for "Form 12277".

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If it's a State tax lien? Then it's nearly impossible to have it removed until it reaches the 7 year mark... You might want to research your State's legal procedures for expungements.

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Actually, the IRS's Fresh Start program allows for the removal of liens under certain conditions, even before the balance has been paid. To qualify, you have to have been enrolled in direct debit payment for at least 90 days.
https://www.irs.gov/pub/irs-pdf/f12277.pdf

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Tax Lien

I have a Tax Lien on my credit record.  Will filing a Chapter 7 remove the obligation?

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It remains as part of your credit history for 7 years, as do the majority of credit accounts, then drops off. There is no way to accelerate the process.

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