Monday, December 12, 2011

Direct Debit Installment Agreements and Liens

The IRS is making changes to the lien process whereby the IRS will allow liens to be withdrawn under certain circumstances. The circumstances are as follows:

- Taxpayers need to have an assessed personal balance due of less than $25,000
- Taxpayers need to enter into a direct debit installment plan
- Taxpayers on existing payment plans can convert to the direct debit installment plan

Of course, there is a probationary period to ensure all payments are made timely, but the benefit here is the liens are withdrawn. Of course, please seek our professional advice for more detail. We can always be reached at 720-398-6088 or at

Best of Luck!!