Comments on: Hiring the Right Tax Attorney, CPA, or Tax Resolution Specialist to Ensure You Get the Tax Help You Need http://www.taxresolution.com/blog/hiring-the-right-tax-attorney-cpa-or-tax-resolution-specialist-to-ensure-you-get-the-tax-help-you-need/ Your Complete IRS Tax Resolution Resource Sun, 21 Mar 2010 03:20:48 +0000 http://wordpress.org/?v=2.7 hourly 1 By: TRS http://www.taxresolution.com/blog/hiring-the-right-tax-attorney-cpa-or-tax-resolution-specialist-to-ensure-you-get-the-tax-help-you-need/comment-page-1/#comment-2321 TRS Thu, 10 Sep 2009 16:45:54 +0000 http://www.taxresolution.com/blog/?p=2340#comment-2321 If these are federal (as opposed to NYS) tax liens, they should be released (the IRS does not “remove” them generally). However, any one “worth their salt” in the lending business knows that if a lien has been released it does not negatively affect your FICO score. The tax liens can be released if a) you had no real property for the tax liens to attach to when you filed the bankruptcy petition, and/or b) the 10 year (add the time spent in bankruptcy plus 6 months) Collection Expiration date (CSED) has expired. This is generally 10 years after you filed the return. If you filed late the 10 years start when you filed, not when the return was due. Remember to add the time spent in bankruptcy onto the 10 years. We have a special service we provide called a “CSED Transcript Investigation” that may benefit you in attempting to get these tax liens released. If these are federal (as opposed to NYS) tax liens, they should be released (the IRS does not “remove” them generally). However, any one “worth their salt” in the lending business knows that if a lien has been released it does not negatively affect your FICO score.

The tax liens can be released if a) you had no real property for the tax liens to attach to when you filed the bankruptcy petition, and/or b) the 10 year (add the time spent in bankruptcy plus 6 months) Collection Expiration date (CSED) has expired. This is generally 10 years after you filed the return. If you filed late the 10 years start when you filed, not when the return was due. Remember to add the time spent in bankruptcy onto the 10 years.

We have a special service we provide called a “CSED Transcript Investigation” that may benefit you in attempting to get these tax liens released.

]]> By: Da Prada T Emanuela http://www.taxresolution.com/blog/hiring-the-right-tax-attorney-cpa-or-tax-resolution-specialist-to-ensure-you-get-the-tax-help-you-need/comment-page-1/#comment-2315 Da Prada T Emanuela Sun, 06 Sep 2009 17:46:53 +0000 http://www.taxresolution.com/blog/?p=2340#comment-2315 In 1992 I lost my job and I had 2 tax leans discharged by bankruptcy in 1995. I lost house and had nothing left. Now years later I am doing well with high fico score and I am purchasing a small house in NY state. The loan officer said that the leans are still showing on my credit as not discharge and I cannot close till they are removed. How do I do that? I wish you had a site like this 20 years ago, it is incredibly helpful In 1992 I lost my job and I had 2 tax leans discharged by bankruptcy in 1995. I lost house and had nothing left. Now years later I am doing well with high fico score and I am purchasing a small house in NY state. The loan officer said that the leans are still showing on my credit as not discharge and I cannot close till they are removed. How do I do that?

I wish you had a site like this 20 years ago, it is incredibly helpful

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