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Changes Made to Lien Process | Tax Tip of the Week | No. 83
In an effort to help struggling taxpayers, the IRS has recently made changes to their lien system and other collection tools. The changes include:• Significantly increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens.• Making it easier for taxpayers to obtain lien withdrawals after paying a tax bill.• Withdrawing liens in most cases where a taxpayer enters into a direct debit installment agreement.• Creating easier access to installment agreements for more struggling small businesses.• Expanding a streamlined offer in compromise program to cover more taxpayers.