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Video instructions and help with filling out and completing form 668-w(c)(do) august 2021

Instructions and Help about form 668-w(c)(do) august 2021

Hi Bill Brooks EPA Boulder Colorado I wanted to update you on the Fresh Start program regarding tax liens and now the IRS has established a new threshold and used to be five thousand dollars and they'd file a tax lien now it's ten thousand dollars now this isn't retroactive so they're not going to go back and release liens and they still may file tax liens under ten thousand depending on the circumstances now there's two ways to request a lien withdrawal both of them are going to be using 12 277 form 12 277 application for withdrawal the eligibility requirements in order to with draw a lien are that you need to have satisfied your tax liability and of course your lien would then be released dan deacon withdrawn you're in compliance for the past three years in tax filing all individual business returns and information returns and your current on your estimated tax payments and deposits the other way is the direct debit installment agreement and the way that works is that you would actually apply for this online we already have a installment agreement in place you can convert it over to a direct debit installment agreement and the qualifiers are individuals can do this businesses with income tax liability only and out of business entities with any type of tax debt you must for the direct debit installment agreement oh less than 25,000 and you must pay the full amount you owe within 60 months or before the collection statute expires which is 10 years whichever is earlier you have to be in full compliance with other filing and payment requirements and you have to make three consecutive direct debit payments and you couldn't have had a lean withdrawal for the same taxes withdrawn before and you couldn't have default it on a prior and direct debit installment agreement so if that's the case then you would move forward on this you can do this again online on IRS govt or you can call the IRS office I've got those numbers available if you'd like to call me my number is 303 447 1626 be more than happy to talk to you have a great day.

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