IRS Tax Liens FAQs
You can verify the existence of a lien with the IRS’ Centralized Lien Operation. Their telephone number is 800-913-6050.
The IRS files a Notice of Federal Tax Lien to give public notice of the lien to creditors. The Notice of Federal Tax Lien is filed with local and/or state authorities or Secretary of State Office.
After the IRS files a lien, the lien may be released after the debt is paid, the payment of debt is guaranteed by a bond, you enter into an offer of compromise, or the collections period has ended.
Yes, it is possible to purchase a home even with an IRS lien. However, the existence of a lien may hurt your credit score and loan prospects.
Yes, the IRS will release a lien when:
• the debt is paid
• the payment of debt is guaranteed by a bond
• payment terms have been met in an Offer in Compromise
• the statute of limitations has been reached.
Possibly; it depends on the terms of the installment agreement.
Yes, liens are generally discoverable information by the three major credit bureaus.
Liens are likely to have a negative impact on your credit score.
The statute of limitations on an IRS tax lien is 10 years.