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FEDERAL TAX LIEN QUESTION

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OnTheRebound
Established Contributor
‎10-17-2009 08:21 AM
‎10-17-2009 08:21 AM

FEDERAL TAX LIEN QUESTION

Hello eveyone!

 

I hope this the right place to post this inquiry.

 

I have federal tax lien on my CBR's for $6500.00 filed on 10/2004. I am ready to take care of this obligation now. Is this the amount ($6500.00) that will satisfy this debt or will penalties and interest be added on?

 

I realize the best source to ask this question is the IRS. Just wanted to run this by the forum members for their input.

 

Thanks for any info.

 

 

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IOBA
Senior Contributor
‎10-17-2009 07:06 PM
‎10-17-2009 07:06 PM

Re: FEDERAL TAX LIEN QUESTION

I have no direct experience with this, but as I understand it, interest has been accruing. 

 

You will need to contact the IRS to get a final settlement figure.  You should also ask for a letter that says it has been paid in full (after they receive payment).  Might want to ask that they remove it from your credit too.  Smiley Happy  Wont' hurt to ask.

 

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