Reply
New Member
tbone7777
Posts: 2
Registered: ‎04-17-2012

Regarding Tax liens and how to remove them

 Im not sure if this will help anyone but it is possible to have your IRS liens completely removed if you have paid them in full. The IRS decided last year to remove them completely if they are paid in full you must fill out form 12277 from the IRS website and ask to have them removed I was sceptical that it would work but I sent the form out 40 days ago and they called me yesterday saying they were sending letters to all 3  Having them deleted. YOU must send the form to your local IRS branch for your area

New Contributor
Movin_on_up
Posts: 52
Registered: ‎01-31-2012

Re: Regarding Tax liens and how to remove them

tbone7777 - I'm going through this process now with success.  I had an IRS lien that was completely paid off in December 2011.  Filled out IRS form 12277 and submitted it to the IRS's local Lien Withdrawal Unit in NYC.  It took them about six weeks but I was approved for the withdrawal and they sent a copy to the court here indicating that this lien can now be withdrawn.

 

I gave it a week and checked back with the court's online system and saw that it had been marked "Withdrawn".  The next step was to go to the CRAs to dispute that record online.  Ex - was completed in in 5 days, EX - done in 10 days, TU - still waiting on confirmation...

 

This process worked very well for me.    Happy to answer any questions.

Starting score:
EQ FICO 702 (1/1/2012)

Current scores:
TU FICO 785 (12/28/2013)
EQ FICO 791 (12/28/2013)
EX FICO 791 (12/28/2013)
TU-08 FICO 776 (12/10/2013)

Wallet: Chase Freedom $12,600 - Discover More $12,600 - Walmart $1,000 - Capital One MC $500
Contributor
Wcv
Posts: 90
Registered: ‎01-15-2012

Re: Regarding Tax liens and how to remove them

My lien withdrawl was successful as well; just found out this week. Yaaaay! Yesterday, they allegedly sent the paperwork to the county registrar...but here's where I got confused: the IRS rep I spoke with said that they send a letter to the county registrar people, then, the registrars send the removal to the three CRAs. Is that true, or does the IRS just send it to the CRAs directly?

 

It is quite a process, huh?


Starting Score (EQ 1/17/12): EQ: 573, EX: 590, TU: 561
myfico.com (5/19/12): EQ: 787, TU: 797
AmEx Experian pull (5/29/12): 774
CapOne Equifax pull (5/29/12): 776

Goal Score: 750 (accomplished 3/23/11) New goal: 800 (we can all dream, right?!?)

New Contributor
Movin_on_up
Posts: 52
Registered: ‎01-31-2012

Re: Regarding Tax liens and how to remove them

Wcv - The letter the IRS sent me stated that they would be contacting the county registrar (which they did) and that it was my responsibility to contact the CRAs.  Online disputes with the CRAs are in process - 2 out of 3 already done! 

Starting score:
EQ FICO 702 (1/1/2012)

Current scores:
TU FICO 785 (12/28/2013)
EQ FICO 791 (12/28/2013)
EX FICO 791 (12/28/2013)
TU-08 FICO 776 (12/10/2013)

Wallet: Chase Freedom $12,600 - Discover More $12,600 - Walmart $1,000 - Capital One MC $500
Member
Whygohome
Posts: 15
Registered: ‎12-28-2010

Re: Regarding Tax liens and how to remove them

I assume this only works for federal and there is no hope for state tax liens?

Regular Contributor
RTOrockstar
Posts: 232
Registered: ‎02-02-2012

Re: Regarding Tax liens and how to remove them


Whygohome wrote:

I assume this only works for federal and there is no hope for state tax liens?


Sadly, no.

Wallet:
CapOne QuicksilverOne $500/VS $700/Express $500/Walmart $2000/Old Navy $600/SC Telco Visa $1K/HH Gregg $1500/Target REDcard $200



Established Contributor
thankfulheart
Posts: 619
Registered: ‎09-26-2011

Re: Regarding Tax liens and how to remove them

I got a state tax lien removed from TU and am in the process with fingers crossed with EX and EQ.  I disputed with the CRA, they verified. I called the courthouse and confirmed that they are NOT the "furnisher".  I then MOVed twice with no response, then filed a BBB complaint.  It came off TU, EX and EQ are still brewing. Can't promise that it will work, but might be worth a shot.

Starting Score: 10/1/2011 EQ 568 TU 593
Current Score: EQ 664 TU 700 EX 701 (FAKO)

Regular Contributor
RTOrockstar
Posts: 232
Registered: ‎02-02-2012

Re: Regarding Tax liens and how to remove them

Maybe. but was it a legitimate tax lien that you paid or one that was falsely placed there? And then each state is different.

Wallet:
CapOne QuicksilverOne $500/VS $700/Express $500/Walmart $2000/Old Navy $600/SC Telco Visa $1K/HH Gregg $1500/Target REDcard $200



New Contributor
Movin_on_up
Posts: 52
Registered: ‎01-31-2012

Re: Regarding Tax liens and how to remove them

My question as well.  Was it legit and if so, was it paid in full?

 

Thanks.

Starting score:
EQ FICO 702 (1/1/2012)

Current scores:
TU FICO 785 (12/28/2013)
EQ FICO 791 (12/28/2013)
EX FICO 791 (12/28/2013)
TU-08 FICO 776 (12/10/2013)

Wallet: Chase Freedom $12,600 - Discover More $12,600 - Walmart $1,000 - Capital One MC $500
Member
Whygohome
Posts: 15
Registered: ‎12-28-2010

Re: Regarding Tax liens and how to remove them

My state lien was legitimate and paid in full. It's been released but of course it still sits on my report for Lord knows how many more years. It's especially annoying because whenever I apply for credit it's always the first cited reason for not being approved.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+