Overview
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Federal tax liens
14 mins
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Federal tax liens are created once a return is filed and unpaid
20 mins
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Filing a notice of federal tax lien
29 mins
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Exception to filing NFTL
42 mins
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Discharge of property from the NFTL
70 mins
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The IRS will consider....
85 mins
Course Description
A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the government’s interest in all your property, including real estate, personal property, and financial assets.
Federal tax liens are a public record that informs your other creditors of your IRS tax debt. The lien can impact your ability to sell your home, refinance, or get a home equity loan. There are several ways around a tax lien, including getting it released, withdrawn, discharged, or subordinated. Your best option will depend on your facts and circumstances. While it is possible to have a federal lien removed when an installment agreement has been approved and implemented, the two definitive ways to have a lien removed are through withdrawal and release.
This instructor lead CE/CPE webinar on taxes will explain statutory Federal Tax Liens, when a “notice” of Federal Tax Lien (NFTL) may be filed, and remedies available to prevent or alter a notice of Federal Tax Lien (NFTL).
In this CE/CPE course speaker will discuss in-depth lien subordination, lien discharge from the property, lien withdrawal requests, and lien releases. She will review Advisory timelines and strategies to prevent NFTLs. Finally, she will discuss appeal rights in conjunction with the NFTL and recent changes to credit reporting.
Learning Objectives
- To analyze when a statutory federal tax lien is created.
- To identify when the IRS has the authority to file a “notice” of the federal tax lien.
- To discuss the available remedies to taxpayers: Release, Withdrawal, Discharge, and Subordination.
- To analyze how a notice of federal tax lien will impact a taxpayer/client.
- To explain to clients how to prevent a notice of federal tax lien and which resolutions require a “lien determination”.
Recommended For
- This IRS Approved CE webinar will be insightful for CPAs, EAs, AFSPs, CTECs, Tax Preparers, Tax Professionals, Managers, Business owners, Investors, and anyone else interested in learning everything about federal tax liens & their remedies.
Who Should Attend?
- Annual Filing Season Program
- Bookkeepers & Accountants & Tax Preparers
- California Registered Tax Professional
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Enrolled Agent
- Maryland Tax Preparers
- Oregon Tax Preparers
- Tax Attorney
- Tax Firm
- Tax Preparer
- Tax Professionals
- Young CPA