Tax--Lien---Help....

[BillMarkSteve]

Morning lechi credit score check chesukunna DCU and credit karma lo....

I had this below information....naa credit score dropped about 50 points also....

I recently changed my address 5 months ago....i haven't received any letters from IRS or hospital(bills)....

Please help if anybody knows about the process.... to proceed....

 

Feeling annoyed and low.... :( out of control condition.

 

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You have a public record or a collection on your credit report.

 

The presence of a public record (such as a bankruptcy or tax lien) or a collection is a powerful indicator of future payment risk. If the item is valid, satisfying the public record or paying off the collection will not remove it from your credit report. The fact that it occurred is still predictive of future payment risk and will be considered by your FICO score.

 

What to do about this:Keep this in mind: As the item ages and falls off of your credit report, its impact on your score will gradually decrease. Most public records and collections stay on your report for no more than seven years - though bankruptcies may remain for up to 10 years.

 

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The following public records have been added to your credit report since your last score update on Sep 16, 2014:

Type:   Date: 1. Tax Lien   Jul 30, 2014

Public records can significantly impact your credit. Related Articles: More About Public Records, What is a Tax Lien?

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Like clockwork every spring, rain pounds the pavement, flowers open up and tax assistance commercials take over our television sets. Although refunds can sometimes be reason to celebrate, nobody exactly leaps for joy when tax season rolls along. Unfortunately, if you choose to avoid your taxes, you may find that your oversight has left a negative impact on your credit. Missing your taxes can lead to tax liens, which are serious derogatory marksthat may occur when you neglect or fail to pay a tax debt. Here’s some information and resources that may help if you’re dealing with a tax lien on your credit report.

 

 

 

What is a tax lien and how does it affect my credit?

Tax liens are complicated and vary in form and details depending on your individual situation. In essence, a tax lien is the government's claim against all or some of your assets based on your failure to pay a tax debt on time. They may occur at the state or local level, or at the federal level.

These liens come with many possible personal and legal implications. When it comes to your credit, they're important to pay attention to because they'll usually show up as public records on your credit report. Like other types of public records, tax liens have a significant negative impact your score.

How do I remove a tax lien from my credit report?

First, it's important to know that unpaid tax liens, unlike other public records, may remain on your report indefinitely.

Because of this, the best way to get rid of a tax lien is to pay your tax debt in full, though even then the public record of the tax lien may remain on your credit report for seven years from the date of payment. If your credit report shows an outdated paid tax lien, you could file a dispute with the credit bureaus, just like you can for other credit report errors. You could also dispute a tax lien on your credit report if you have proof that you should not have been subject to it in the first place.

Another option that may apply in the case of a federal tax lien is to ask a credit bureau to remove your reported tax lien if it has been withdrawn by the IRS. For additional details on how withdrawal works, as well as additional information about federal tax liens in general,visit the IRS website.

Bottom Line

Tax liens will significantly impact your credit history, so it's important to understand how they come about and what you can do to deal with them. Remember that since the laws regarding liens can vary, it's always smart to consult the proper resources, such as the IRS, your state or local tax authority, a tax attorney or a credit counselor. Take charge of your credit by paying your taxes promptly to avoid tax liens appearing on your credit report whenever possible.

 

[BillMarkSteve]

ltt...

[MunnaRockz]

ltt

[BillMarkSteve]

ltt

thanks :)

[saradagakasepu]

ltt

[upendra_super]

tax filing appudu vere state taxes emana deductions lo include chesava bhayya ????? 

 

 

LTT for experts 

[BillMarkSteve]

tax filing appudu vere state taxes emana deductions lo include chesava bhayya ?????


LTT for experts

Ledu bhayya...

State taxes n federal taxes filed seperately...

Federal tax returns lo ...state taxes claim cheyaledu...

Thanks.

[Silent_Boy]

check to see if they sent collection notice to old address.

[upendra_super]

Ledu bhayya...

State taxes n federal taxes filed seperately...

Federal tax returns lo ...state taxes claim cheyaledu...

Thanks.

states mari napudu inko state lo pay chesina tax ni deductions lo include chesthe irs audit padutundhi emo ani chadivinattu gurthu so asked. 

 

may be emana credit agency nunchi full credit report tisukunte u might get to know exactly what is the reason. 

[Silent_Boy]

nee S*S*N pina evarikani surity ichava?? check cheyi.... like mobile phone.. car buying help etc...

[puli raaja]

CITI#H@

[MeetFriendz]

ltt

[BillMarkSteve]

check to see if they sent collection notice to old address.

 

old address lo evaru leru bro....

 

no clue how to trace....what exactly it was.

[BillMarkSteve]

states mari napudu inko state lo pay chesina tax ni deductions lo include chesthe irs audit padutundhi emo ani chadivinattu gurthu so asked. 

 

may be emana credit agency nunchi full credit report tisukunte u might get to know exactly what is the reason. --- sounds right....

 Thanks :)

[BillMarkSteve]

nee S*S*N pina evarikani surity ichava?? check cheyi.... like mobile phone.. car buying help etc...

 

ledu bro....oka sari hospital ki vellanu....at the time of billing....they couldnt retrieve my health insurance card data....

 

so they said u can go...i came home...then moved to different state....

 

as if the hospital sends me a medicak bill to my old address...then it could be one case i can think of...

 

nenu everki emi surity ivvaledu...