Department of the Treasury Internal Revenue Service Form Application for Withdrawal of Filed Form 668 Y Notice of Federal Tax Lien 12277 October 2011 Internal Revenue Code Section 6323 j 1. 12. Explain the basis for the withdrawal request attach additional sheets and other documentation that substantiates your request as needed Under penalties of perjury I declare that I have examined this application including any accompanying schedules exhibits affidavits and statements and to the best of my...knowledge and belief it is true correct and complete Affirmation Signature Taxpayer or Representative Catalog Number 27939C Title if business www.irs.gov Date Form 12277 Rev. 10-2011 Page 2 of 2 General Instructions a. If a determination is made to withdraw the NFTL we will file a Form 10916 c Withdrawal of Filed Notice of Federal Tax Lien in the recording office where the original NFTL was filed and provide you a copy of the document for your records. Unknown means you do not know the current...status of the lien. reason s for the withdrawal request. NOTE If you are requesting a withdrawal of a released NFTL you generally should check the last box regarding the best interest provision. Section 12 Provide a detailed explanation of the events or the situation to support your reason s for the withdrawal request. Attach additional sheets and supporting documentation as needed. completing the application for a business taxpayer enter your title in the business. 2. Mail your application to...the IRS office assigned your account. If the account is not assigned or you are uncertain where it is assigned mail your application to IRS ATTN Advisory Group Manager in the area where you live or is the taxpayer s principal place of business. The request must provide authorizing the additional notifications. b. A copy of the notice of withdrawal if available and c. A supplemental list of the names and addresses of any credit reporting agencies financial institutions or creditors to notify of...the withdrawal of the filed Form 668 Y. Section 10 Check the box that indicates the current status of the lien. Open means there is still a balance owed with respect to the tax liabilities listed on the NFTL. Released means the lien has been satisfied or is no longer enforceable. Unknown means you do not know the current status of the lien. reason s for the withdrawal request. NOTE If you are requesting a withdrawal of a released NFTL you generally should check the last box regarding the best...interest provision. Section 12 Provide a detailed explanation of the events or the situation to support your reason s for the withdrawal request. 5. If at a later date additional copies of the withdrawal notice are needed you must provide a written request to the Advisory Group Manager. The request must provide authorizing the additional notifications. b. A copy of the notice of withdrawal if available and c. A supplemental list of the names and addresses of any credit reporting agencies...financial institutions or creditors to notify of the withdrawal of the filed Form 668 Y. Section 10 Check the box that indicates the current status of the lien. Open means there is still a balance owed with respect to the tax liabilities listed on the NFTL. Released means the lien has been satisfied or is no longer enforceable. Current status of the federal tax lien x appropriate box Open Released Unknown 11. Reason for requesting withdrawal of the filed Notice of Federal Tax Lien x appropriate...box es The Notice of Federal Tax Lien was filed prematurely or not in accordance with IRS procedures. The taxpayer entered into an installment agreement to satisfy the liability for which the lien was imposed and the agreement did not provide for a Notice of Federal Tax Lien to be filed. The taxpayer is under a Direct Debit Installment Agreement. Withdrawal will facilitate collection of the tax. The taxpayer or the Taxpayer Advocate acting on behalf of the taxpayer believes withdrawal is in the...best interest of the taxpayer and the government. 2. Mail your application to the IRS office assigned your account. If the account is not assigned or you are uncertain where it is assigned mail your application to IRS ATTN Advisory Group Manager in the area where you live or is the taxpayer s principal place of business. Use Publication 4235 Advisory Group Addresses to determine the appropriate office. 3. Your application will be reviewed and if needed you may be asked to provide additional...information. You will be contacted regarding a determination on your application.. Privacy Act Notice We ask for the information on this form to carry out the purpose of this form is to apply for withdrawal of a notice of federal tax lien. The information requested on this form is needed to process your application and to determine whether the notice of federal tax lien can be withdrawn. You are not required to apply for a withdrawal however if you want the notice of federal tax lien to be...withdrawn you are required to provide the information requested on this form. Sections 6001 6011 and 6323 of the Internal Revenue Code authorize us to collect this information. Section 6109 requires you to provide the requested may delay or prevent processing your application providing false or fraudulent information may subject you to penalties. Section 9 Attach a copy of the NFTL to be withdrawn if available. If you don t have a copy of the NFTL but have other information about the NFTL enter...that information to assist the IRS in processing your request. 5. If at a later date additional copies of the withdrawal notice are needed you must provide a written request to the Advisory Group Manager. The request must provide authorizing the additional notifications. b. A copy of the notice of withdrawal if available and c. A supplemental list of the names and addresses of any credit reporting agencies financial institutions or creditors to notify of the withdrawal of the filed Form 668 Y.
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Instructions and Help about IRS 12277
How to edit IRS 12277
How to fill out IRS 12277
Instructions and Help about IRS 12277
How to edit IRS 12277
To edit IRS 12277, access the form through a PDF editor that allows modifications. You may want to use pdfFiller, which provides a user-friendly interface to modify and save your completed form. Make sure that the edits comply with IRS guidelines to avoid any issues during processing.
How to fill out IRS 12277
Filling out IRS 12277, the Application for Withdrawal of Filed Form 668(y), requires careful attention to detail. Begin by gathering the necessary information, such as your name, address, and tax identification number. Next, ensure that you understand the sections of the form which include the reason for withdrawal and details regarding the original tax lien application.
Latest updates to IRS 12277
Latest updates to IRS 12277
IRS updates to Form 12277, including changes in filing procedures or requirements, are periodically announced on the official IRS website. It is essential to check regularly for the latest forms and guidelines, ensuring compliance with the current tax laws and procedures.
All You Need to Know About IRS 12277
What is IRS 12277?
What is the purpose of this form?
Who needs the form?
When am I exempt from filling out this form?
Components of the form
Due date
What are the penalties for not issuing the form?
What information do you need when you file the form?
Is the form accompanied by other forms?
Where do I send the form?
All You Need to Know About IRS 12277
What is IRS 12277?
IRS 12277 is the application used by taxpayers to request the withdrawal of a previously filed notice of federal tax lien. A tax lien may arise when taxpayers owe back taxes, and this form allows them to ask the IRS to remove it under specific conditions.
What is the purpose of this form?
The purpose of IRS Form 12277 is to provide a formal request for the withdrawal of a federal tax lien. Taxpayers may seek this withdrawal to facilitate credit applications, improve their financial standing, or correct an error in the original lien filing.
Who needs the form?
Taxpayers who have previously had a notice of federal tax lien filed against them and wish to have it withdrawn can utilize IRS 12277. This primarily includes individuals or businesses who have paid off their tax debts or believe the lien was filed in error.
When am I exempt from filling out this form?
Taxpayers are exempt from filling out IRS 12277 if the lien has already been released or if it was filed erroneously. Additionally, if there is no lien filed against them, there is no need to complete this form.
Components of the form
The IRS 12277 includes several components such as the taxpayer’s identifying information, a statement declaring the reason for withdrawal, and the supporting documentation if necessary. Each section must be filled out accurately to avoid delays in processing.
Due date
A specific due date for submitting IRS 12277 is not established; instead, it should be filed as soon as the taxpayer meets the criteria for withdrawal. Timely submission is crucial for expediting the withdrawal process.
What are the penalties for not issuing the form?
Failure to file IRS 12277, when eligible, can lead to continued financial complications, including difficulties in securing loans or other financial products. While there are no direct penalties for not filing, unresolved liens can have a negative impact on a taxpayer's credit rating.
What information do you need when you file the form?
When filing IRS 12277, you will need your taxpayer identification number, the details of the taxes owed, and the lien information. Additionally, it is beneficial to include any relevant documentation that supports your withdrawal request.
Is the form accompanied by other forms?
IRS 12277 may not need to be accompanied by additional forms unless the situation requires specific documentation. Always check the IRS guidelines or consult a tax professional for confirmation on necessary supporting documents.
Where do I send the form?
The completed IRS 12277 form should be mailed to the address indicated on the form's instructions. Typically, this is the office that filed the lien. Always verify the correct mailing address based on your state or the nature of your tax situation.
FAQ about IRS 12277
What should I do if I need to correct a mistake on my IRS 12277?
If you need to correct a mistake on your IRS 12277, you should file an amended version of the form. Make sure to indicate the corrections clearly and keep a copy for your records. This will help ensure that the IRS processes the corrected information accurately.
How can I track the status of my IRS 12277 submission?
You can track the status of your IRS 12277 submission by using the IRS's online tools or contacting their customer service. It’s essential to have your details ready, including identification and submission dates, to verify the status effectively.
What should I do if my IRS 12277 e-file submission gets rejected?
If your IRS 12277 e-file submission is rejected, carefully review the rejection codes provided to understand the reasons. Correct any errors noted, and resubmit the form as soon as possible to avoid delays in processing.
Are there any special considerations if I am filing IRS 12277 on behalf of someone else?
When filing an IRS 12277 on behalf of someone else, it's important to have the appropriate power of attorney (POA) documentation. This ensures that you are authorized to act on their behalf and submit the necessary forms effectively.
What common errors should I be aware of when filing IRS 12277?
Common errors when filing IRS 12277 include incorrect personal information, failure to sign the form, or omitting necessary documentation. Double-check all fields and ensure that your submission meets all requirements to avoid potential issues.
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