Tax Lien Releases

Not taking proper actions with your taxes can lead to many problems including liens against your property. A federal tax lien gives the IRS a legal claim to your property as security or payment for your tax debt. These liens are a matter of public record and will appear on your credit report. This can lead to many financial problems including a reduced credit rating, inability to get a loan to buy a house or car, inability to receive a new credit card, or even sign a lease. Luckily, tax liens can be released under certain circumstances allowing you to regain the use of your credit.

A federal tax lien can only be released, discharged, subordinated, or withdrawn after the underlying tax liability has been fully satisfied. This can make it rather difficult to remove under normal circumstances.

Subordinating your lien occurs when your tax lien is made secondary to another lien. If you qualify for a direct debt streamlined installment agreement (i.e. the tax debt is less than $25,000) the lien may be withdrawn.

Our experienced tax professionals constantly conduct negotiations to release wage garnishments, bank account levies, and liens for our clients. We have proudly helped thousands of taxpayers over the years and will provide you with the expertise and compassion needed to help you get out of this difficult situation. Oftentimes, we can get a levy released in as little as 24 hours!

If you are suffering under a tax lien and need it released, contact us today. In your free consultation, we will review your case and establish a strategy for removing your lien.

Request your FREE Tax Relief Consultation

Offer in Compromise& Lien Release

Edward was looking forward to retirement. Unfortunately, due to owing the IRS back taxes, most of his savings was gone. After ten years the IRS had drained his savings accounts for retirement. Edward was now afraid of losing his house. After negotiating with the IRS we were able to settle his tax debt for $45,300, a savings of $384,186.19.
After receiving the great news, Edward was relieved because now he could prepare for retirement, and be able to keep his house. He had many praises for Franskoviak Tax Solutions, P.C.

“John Foran was outstanding in handling my tax challenge with the IRS.” “Very professional company, with the interest of solving the clients challenges.”
“Franskoviak Tax Solutions, P.C. lowered my tax bill significantly – allowing me to keep my house.”

Edward ~ Michigan

Retired Teacher , Owed: $429,486.19 Settled: $45,300.00 ~ 15 Months

Offer in Compromise& Lien Release

Jason owns a tavern in northern Michigan and owed delinquent payroll taxes for 2009 to 2014 totaling to $228,990.08. The tavern’s peak business is during the high tourism summer months, with lulls during the cooler season. This created an issue with any payment plan that demanded large monthly payments due to less capital during the off-season. Making use of the IRS “Fresh Start Program” we were able to settle the tax debt of $228,990.08 to only $26,000, a settlement rate of 11%!

“It was successful; Franskoviak Tax Solutions, P.C. got everything done. It was a huge weight lifted off of my shoulders. It was very timely, everything was submitted right away. They were on top of it.” “Thanks for all your work! You guys rock!”

Jason K. ~ Northern Michigan

Business Owner , Owed: $228,990.08 Settled: $26,000 - 15 Months

Offer in Compromise& Lien Release

Ray and his business owed the state of Michigan for back withholding and SBT taxes of over $113,810. We filed our Power of Attorney, contacted the state, and got the account corrected by reviewing the statute of limitations, and filing corrected returns. Settlement offer was accepted for $2,892, a savings of almost $111,000, and 3% of the original amount.

Ray O. ~ Plymouth, MI

Plumber , Owed: $111,000 Settled: $2,892 ~ 9 Months

Offer in Compromise& Lien Release & Deliquent Taxes

Marvin came to Franskoviak Tax Solutions with several years of unfiled tax returns from 1999 through 2011. Our team of tax specialists first got him into compliance by filing the unfiled tax returns. We then requested a collection due processing hearing, so we could challenge the underlying tax assessments, and put an immediate freeze on IRS Collection efforts.

Lastly, we submitted an Offer in Compromise as a collection alternative. The IRS appeals officer accepted the Offer in Compromise of $7,641, on a total tax debt of $80,979. Marvin saved a total of $73,338; 90% of the original amount owed.

Marvin paid off the settlement amount immediately and the tax lien was released immediately. Marvin is now free of IRS tax debt and can expand his business without fear of IRS tax debt hanging over his head!

When we asked Marvin about his experience with the Franskoviak team, he replied “I was very happy with the amount that Mike and his team were able to negotiate for an IRS settlement.”

Marvin R. ~ Grosse Pointe Woods, MI

Bakery Shop Owner , Owed: $80,979 Settled: $7,641

Frequently Asked Questions About Tax Lien Releases (FAQ)

What is an IRS Federal Tax Lien?

A federal tax lien is a notice to the public that you owe the IRS money. The lien attaches to all real and personal property and property rights owned by you. Once the lien is filed it gets reported to the credit reporting bureaus and will harm your credit and hence your ability to borrow money. A notice of federal tax lien is also a precursor to further harmful collection actions such as levy or seizure.

How do I settle an IRS tax lien?

A notice of tax lien issued by IRS can be appealed. The IRS will withdraw the lien if you owe less than 25k and enter into a direct debit installment agreement. The IRS will also withdraw the lien if you can prove that the filing of the lien would be harmful to the taxpayers employment, i.e. you possibly may lose your job, and also the lien would impede collection of the tax liability.

What does it mean to receive a Certificate of Release of Federal Tax Lien?

A Certificate of Lien Release means either the tax liability has been paid in full or the tax debt is no longer legally enforceable.

How do I find out if a federal tax lien has been released?

If a federal tax lien has been released you should receive a notification in the mail and it will also appear and be notated on your account transcripts. It would also most likely get reported to the credit reporting bureaus.

How long does it take to get an IRS lien release?

The release is required by law to be issued 30 days after one of the following; first if the tax liability has been paid in full. The second is if the tax liability is no longer “legally enforceable”, such as if the statute of limitations for collection has expired.