How to Remove an IRS Tax Lien

Has your credit been damaged? Are you having difficulties with buying or selling a home? Have you been unable to open new credit accounts or purchase a vehicle? If you’ve answered yes, you may have fallen victim to the IRS tax lien.

An IRS tax lien is where the IRS files a Notice of Federal Tax Lien against taxpayers who have not been fully paying their taxes. The action is the IRS’ attempt to collect back taxes from taxpayers by placing a lien on the assets of those taxpayers. The statutory lien that they file is public information and can be seen by credit reporting agencies.

Liens can be on homes, which makes selling them difficult. The IRS can also place liens on vehicles, alimony, computers, furniture, securities, and company receivables.

To resolve this problem, you want to set up a payment arrangement and possibly make a settlement with the IRS to pay less.

Options taxpayers have in dealing with the lien include:

  • Pay the tax. Once tax owed is paid in full, the lien should be removed within 30 days and can also be erased from your credit report. Proof of payment is given through an IRS Certificate of Release of Federal Tax Lien. Keep in mind that partial payments don’t reduce the amount on the Notice of Federal of Tax Lien. The amount must be paid in full to get rid of the Notice of Federal Tax Lien.
  • Reduce the tax and pay through an Offer in Compromise. The IRS may decide it’s not worth their time and efforts trying to collect the tax from you if you can’t repay it. In these types of situations, a repayment plan may be the way to go. To submit an Offer in Compromise, offer a payment to the IRS less than the full amount owed, and the IRS will either accept or reject the offer. If the IRS accepts the offer, you can pay the smaller amount that you offered in payment plans. Since the Offer in Compromise needs to be well-calculated and is not as simple it sounds, a tax professional can help.
  • Temporarily remove the lien. Having the lien removed temporarily may be the best way to go if you can’t pay off the lien or don’t have the time to set up a payment plan with the IRS and need the lien removed to sell or refinance your home. The tax lien is lifted for the time it takes to sell or refinance your property. This is another case in which a tax professional could be of great help.
  • Have the statute of limitations run out. A tax lien cannot be enforced after 10 years. However, the tax lien could be extended before it expires if the IRS decides to act upon the tax lien. Also, a tax lien can stay on your credit report permanently if nothing is paid to remove it.

To Get Started

If you want to find out the total amount due on your lien, call or mail the IRS providing your name, phone number, address, Social Security number, and date the amount on the lien should be calculated through. The IRS will send two payoff letters, one of which can be returned with your payoff amount that the IRS can put towards paying off your lien.

Make Sure the Lien is Removed

An IRS Certificate of Release of Federal Tax Lien is needed to get rid of the Notice of Federal Tax Lien. If you have paid off your lien but don’t have a Certificate of Release, get directions on how to request one by visiting the IRS website and searching for Publication 1450. Keep a copy of the Release of Federal Tax Lien for your own records.

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Top 4 Real Estate Investment Tips

Whether you’ve just completed a real estate investment course or you have just reached a milestone and need some pointers, these real estate investment tips will help jump start your real estate career or get you back on the right track to success.

Tip #1: Joint a Real Estate Investment Club
First, consider joining a real estate investment club. These organizations will help you keep your thoughts in perspective and prove to your subconscious that you can do anything you set your mind to.

If you can’t find a real estate investment club, form a mastermind group that meets once a week. Mastermind groups can be extremely successful in helping increase your awareness with the power of multiple people meeting in a sociable environment. These groups have a common goal of helping participants attain their goals and dreams without any ulterior motives. Don’t wait until you have a problem; associate yourself with a group of people–“a team”–who has the same goals of success.

Tip #2: Build a Team
There are a few important people who will undoubtedly play a big part in your real estate investment career: your attorney, your real estate investing mentor, your accountant, and reliable contractors.

When choosing an attorney, it is suggested that you don’t choose one who invests in real estate for himself to avoid any conflict of interest. You want one who strictly provides services for others.

A real estate investing mentor will be on your team to provide advice when you hit bumps in the road.

Your accountant will handle your money, so it is extremely important that you choose one who is confident and knowledgeable about real estate investment laws, tax rules and regulations.

You should also have trustworthy and reliable contractors that you can call on when you flip homes. Several contractors who can do renovations, landscaping, electrical work, etc. should be at your disposal. Develop a relationship with credible contractors who you can trust and who are knowledgeable in remodeling and cutting corners without cutting quality.

Tip #3: Learn How to Deal with Sellers
In a perfect world, every deal would go off without a hitch, but we know that our world isn’t perfect and there will be times when you will have to deal with unmotivated sellers. This can be like pulling teeth, because even when people are under the gun and they know the outcome, they can still be resistant.

The easiest thing would be to walk away, but you have to recognize when to add a little pressure and when to throw in the towel. This skill will come in time, and after a few deals you will learn how to read a person within a few minutes.

Tip #4: Make a Strategic Plan
Wandering around aimlessly looking for deals will cost you time and money. Have a plan and stick to it. Plan on making “X” number of calls per day, handing out “X” number of business cards per day, or doing online searches “X” number of times per week. Create a budget for your promotions and advertising. In time, you will start to gain exposure, and when you get a little experience under your belt, people might even start calling you.

People are sucked into investing in real estate because of the perception that it’s fast, easy money. Don’t hold your breath, because an overnight success can take two to five years. The truth of the matter is that 80% of people who attend a seminar or two quit the business after three months. Real estate investing is not a business that you can jump into today and tomorrow you’re sitting on a bundle of cash. It takes knowledge, persistence and a positive mindset to become successful and stay successful.

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Marketing Employment – 7 Steps to Getting Employed in Marketing

If you’re a fresher and if you’re one of them who think that post recession, the world has become a meaner place, then just chill! You’re not the only breed of people left alone but there are even experienced people who have become lame sitting ducks! Marketing is one area where people are still enthusiastically working – simply, because if they don’t they would be out of business! For those who are looking to break-in the marketing barrier, here are top 7 tips to follow to chart your success path in marketing.

Step 1 to get Employed in Marketing: Set a Realistic Goal

Most of the times, marketing executives fail because they become overly ambitious; setting goals is fine and perfect as long as they are realistic and achievable. Non-achievable goals will only demoralize you.

Step 2 to get Employed in Marketing: List Building

Marketing jobs require a lot of list building exercises. The first thing you should master is to build lists that can be used for your progress. List building also helps you manage time effectively.

Step 3 to get Employed in Marketing: Like your Marketing Job

Don’t choose marketing just because it is high paying job and others are also taking it up. The article does not seek to demoralize you but the grass always looks greener on the other side! There are thousands of marketing professionals, actually ex-marketing professionals those who have lost their jobs because of their inability to perform. It is better to get into something that you like rather than choosing a seemingly lucrative job. If you want to stay in marketing, you need to love your job more than anything or anyone.

Step 4 to get Employed in Marketing: Time Management

Time management is an integral part of working as a marketing executive. Marketing people are always on the move; at least their grey cells are. Therefore it is important to feed you brain and allow it to rest sometimes – time management will help you achieve all that and more.

Step 5 to get Employed in Marketing: Use the Power of the Internet

The internet is a great place to begin with. you can expect all kind of information on it – whether you want it or not. The key idea is to use only such information that is required and veer off un-required information which maybe spam!

Step 6 to get Employed in Marketing: Failures are a part of the game

A good winner is also a great loser. If you’re a bad loser – you’re going to be pounded in marketing. Marketing involves a lot of risk and those with the ability to take failure in their stride would eventually rise and those who cannot – will fail.

Step 7 to get Employed in Marketing: Energy, enthusiasm and Optimism

A marketing professional has to be a person with a positive attitude towards everything. They have to be energetic and enthusiastic at the same time. But there always lies the risk of going overboard with the same. The idea is to keep your cool and think rationally at all times.

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Unsecured Bad Credit Loans have Opened Up New Avenue for Bad Credit Victims

Just a few months back, I needed some money. I could have borrowed a loan from the market but what stopped me from doing this was a matter of big concern I had a bad credit score. I was really worried; I had a fear that no one will give me the money. But, a friend of mine told me about unsecured bad credit loan that saved my life by providing the funds at the right time.

Some unfortunate credit problems in the past may have lead to bad credit rating, no need to worry any longer. Lenders now understand that a person may get a bad credit even without his or her own mistake. Thus, keeping this in mind lenders now lend money to people who have bad credit problem.

An unsecured bad credit loan can work as a perfect solution to your financial need. You can use the loan amount for any purpose ranging from buying your dream car, going out for a long awaiting holiday, consolidating debts to reduce the debt burden or for any personal purpose. It solely depends on you what do you with the loan money.

Tenants as well as homeowners can enjoy the advantages attached to unsecured bad credit loan such as fast loan approval and absence of collateral. The major benefit of the unsecured loans is that you are not required to put any property against the loan you borrow and thus keep your property away from the risk of repossession. The process of getting access to the unsecured bad credit loan does not take long as it does not involve valuation of the property’s value, as is a prerequisite feature in case of secured loans.

Lenders in the UK usually lend unsecured bad credit loans ranging from a minimum of £500 to a maximum of £25,000. Unsecured bad credit loans usually bear a high rate of interest, as the loan is not backed by any property. Lenders try to cover his cost of lending by charging a higher rate of interest, but you may get an opportunity to borrow loan at a lower rate of interest if you do a bit of search.

Finance market in the present scenario is flooded with infinite number of lenders. But, if you are looking for fast hassle free unsecured bad credit loan then you should for sure opt for online lenders. Invention of Internet has given a new direction to the finance market helping lenders in the UK to enhance their lending service. Online lending process is advantageous for borrowers too; it has become a one-stop shop for them. You can browse through various lending websites and can find the lenders who can lend you the appropriate loan.

Online lenders have got an edge over the traditional lenders who used to take advantage of the borrower’s circumstances by charging a higher rate of interest. With the entry of online lenders in the finance market, the loan process has been simplified for the convenience of borrowers. You can apply for the loan any time and from any where with a computer equipped with Internet. You just need to fill in a small application form online and the lender will contact you with the loan offers that match up with your individual circumstances to the best.

Don’t go for the very first loan offer you get. A little bit of search will help you save good sum of money for the future. It is just the right approach to find the best loan deal. First and the foremost thing you need to do is to collect loan quote from all the prospective lenders, most of the lenders usually offer it for free but few may charge a nominal fees for it. As soon as you are through with loan quote collection process, the next step is to compare the loan quotes. Keep in mind few points on which you will make the comparison such as loan term, loan amount, interest rate and any other relevant feature that you want in your loan. Thus, a thorough research will help you get the loan deal that matches your needs and expectations to the best.

Unsecured bad credit loan is a perfect loan if you are a victim of bad credit history. Knowledge of credit score will be advantageous and can help you get the right deal. The loan money you borrow with an unsecured bad credit loan can be used to improve the credit score that will be fruitful in the future.

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