Removing an IRS Lien with Bankruptcy

If you currently have a lien on your finances from the Internal Revenue Services, you may be contemplating bankruptcy as a way to have it removed. However, you cannot automatically have a lien removed once you file for bankruptcy and it can be a difficult procedure that is not always successful.

If you want to have a lien removed in Illinois, you'll want to hire a Chicago bankruptcy attorney. When you meet with a bankruptcy attorney to discuss your finances, the lawyer will inform you of the five requirements for getting a lien removed. The requirements are as follow:

• there is no current tax lien against your property
• you did not attempt to avoid paying taxes/did not file a fraudulent return
• the tax return in question must have been filed at least two years before your bankruptcy filing
• the return was due a minimum of three years prior
• the taxes were assessed by the IRS a minimum of 8 months before you filed for bankruptcy

Does your situation fall under these five guidelines? Still not certain? Contact Bizar & Doyle, LLC today to discuss your legal options and find out if you are able to have your IRS lien removed.