A Notice of Federal Tax Lien can provide several problems for a taxpayer. Recently, the IRS released the Notice of Federal Tax Lien when a taxpayer successfully has an offer in compromise accepted by the IRS and pays the offer amount. This is a beautiful benefit to the taxpayer as the IRS did not always release the tax lien upon payment of the settlement amount but would wait for the five-year compliance period after the offer was accepted.
A tax attorney has prepared the video below at The McGuire Law Firm to provide additional information regarding this issue. Contact The McGuire Law Firm to speak with a tax attorney if you have any tax issues with the Internal Revenue Service.