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14134 Form: What You Should Know

The IRS may be able to cancel the entire lien, or they have the capacity to allow the lien to be paid in full and in satisfaction of the tax debt (to the extent of the applicable tax, tax liability and payment schedule requirements) to satisfy a tax lien and the interest of other related liens. (See IRS Letter for IRS Enforcing Officers In most situations, the lien on which an IRS tax lien is based will be discharged or subordinated. The following are examples of tax liens that could be dissolved or relieved by the IRS when: 1. You have a lower tax liability than the total tax due on your federal tax return for which the current year tax has not been paid on or before the due date of the return. 2. You owe a Federal penalty, and you pay the penalty in full. When a tax lien is subordinate, it is the creditor's right to demand payment of any and all federal tax due in the period during which the lien is in effect. The creditor has the authority to cancel the lien or to assign the lien to another person. If the lien is discharged, the amount of any tax liability will be reduced in the amount of the payment of that claim. You will be required to file the tax return, if applicable. When a tax lien is not discharged or subordinated, the same requirements as for a lower tax liability apply. If the lien is not cancelled, the amount of any tax liability will not be reduced, but may be reduced further if the tax lien is not discharged. If the lien is not discharged, any interest on the tax liability is still payable to the creditor. The IRS may continue to collect the tax and any interest and any penalties against you as if the lien and all applicable tax liability and payment schedules had remained on your tax return. If you wish to use the IRS for this purpose you can file Form 14144 with the IRS. The Form 14144 is not the same form used by a State tax agency. You can find the proper form to file with the States on our Tax Law Website.

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