Today, Optima Tax Relief’s Chief Tax Officer and Lead Tax Attorney, Phil, shares what a federal tax lien is and what steps you can take if the IRS has already filed one against your home.
Option One: Pay Your Balance in Full
The fastest way to remove a lien is to pay your tax debt in full. Once paid, the IRS will release the lien within 30 days. This removes the government’s legal claim to your property.
Option Two: Request a Lien Subordination or Discharge
A lien subordination doesn’t remove the lien, but it can make it easier to refinance your home by allowing another creditor to take priority over the IRS. If you are selling your home, you can apply for a lien discharge.
Option Three: Apply for a Withdrawal Through a Payment Plan
If you owe less than $25,000, you may qualify for a lien withdrawal after making three consecutive payments on a direct debit installment agreement.
Don’t Wait to Act
The IRS won’t remove a lien automatically unless you pay in full. But with the right strategy, you can protect your property and peace of mind.
If you need tax help, contact us today for a Free Consultation