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Advice sought on Withdrawl of Federal Tax Liens, Form 12277

Regular Contributor

Advice sought on Withdrawl of Federal Tax Liens, Form 12277

Hello, after an accepted (10-16-12) and PIF (11-13-12) OIC with the IRS I am now in a position to request Withdrawl of Liens via Form 12277. Although only 1 Federal Lien appears on my CR (Filed 6-2007, PIF 11-2007), the resolution of the OIC resulted in the releasing (11-14-2012) of 3 very old, long fallen off Liens.

 

Is it prudent to ask IRS and CRA's that all liens be withdrawn regardless of age or simply the sole 2007 that currently appears on my report? I want to improve my score as much as possible, but I'm don't want to needlessly "antagonize" the CRA's, esp if there may be any truth to a handful of recent posts suggesting retaliation via significant unexplained drops in score. Any insight greatly appreciated!

 

ps: Future plans are an attempt to get withdrawn (once PIF 7-2013) 1 of 2 MA state liens - One a duplicate of an already existing lien, released by the state precisely because it duplicated what already exists in the other. A longshot... I only mention this to illuminate the spirit of the preceding paragraph. Thanks again everyone.

  
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Established Member

Re: Advice sought on Withdrawl of Federal Tax Liens, Form 12277

The withdrawal is a separate process form  reporting at the CRAs. If your federal liens are paid in full I would have them withdrawn by IRS even if they are not on the credit report. After a lien is withdrawn you will need to mail your withdrawal notice to each CRA to have them deleted. 

Inow have a state lien withdrawn is a much more difficult matter, I am not sure if MA allows this. I have a released lien in MD and will just have to wait until it falls off.

Starting FICO 496
April 2012 FICO EQ 565
Current FICO TU 697 EQ 676
Message 2 of 3
Regular Contributor

Re: Advice sought on Withdrawl of Federal Tax Liens, Form 12277

Thanks for the thoughts and clarification, makes sense to me. I was unaware (had forgotten) of two Federal liens from '88 and '89, and I have to say, taking stock of it all now is certainly a sobering, humbling experience - one that perhaps has me overthinking now.

 

I don't hold out much hope for state issues esp from the DOR itself, my only thought would be to work directly with the local Court who filed it or Registry of Deeds.

  
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