Wednesday, December 17, 2014

Step By Step Guide To Remove Back Tax Liens

By Olivia Rodriguez


Taxes are important to a lot of countries because of the purpose that they serve. Without it, it would be impossible to see one public facility offering free services to people who could not afford for private facilities. Aside from this, it is also utilized for the construction and improvement of the infrastructure and other public utility systems such as the water supply.

Evading contributions is considered a crime. That is why the department for collecting taxes is intent on making sure that everyone gives their fair share be it business or an individual. But this seems to be a problem not only in San Francisco, California but in other places as well. But this is not only detrimental to the country. It is more damaging to the person because of the power of liens. And the only way that you can remove this is by requesting the bureaus to remove back tax liens San Francisco.

If you have issues with your report already, a lien is something that would do serious damage. Your personal accounts will be frozen and any transactions will be put on hold. This will stay this way until such time that you have paid the debt in full.

The government will place a hold on your personal accounts in the bank. This means that you have no capacity to use the money that is in there. And there is no chance for you to borrow money from lenders for you to pay your debt as your credit records are already marked with the negative effect of the lien.

The only way for you to get back to normal is to settle the dues that you have incurred in the tax collections department of your state. When something goes out to public record such as liens, you cannot expect it to be removed just because you are debt free. You have to request for its removal. But you have to know that it is not successful all the time.

First, you have to know how much exactly is your outstanding balance. You can call the tax collections office for this. Do not try to negotiate the amount for you to pay lesser than what you owed initially. This will not work and it will also reflect negatively in having the lien removed sooner or later.

Find a way of how you can repay the debt and make an agreement with the department. You have to get this in writing as this is the compromise that both parties have agreed on. There are two ways that you can pay. You can either cover all of it in one lump sum. Others try to give at a regular interval. In this case, you have to be honest with yourself about your payment capacity.

When you have finished paying, next on your list would be to write a letter of goodwill to the authorities of the bureau. In the letter, you will also write all the reasons that lead to not paying the taxes. It is important that you provide true points so that the board will consider.

All of the documents that have any connection to the hold. This would include the agreement letter and the proof that you have fully paid all your debts. You should also include any document that could affirm to the reasons of your delinquency for payment. Things such as medical bills that will support your claims must be included.




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