Fed & ST tax lien from mid 1990's

I can't speak to the state liens, though I will "assume" satisfied means "paid". So, they both should be "Released", and if it is over ten years, they should have fallen off your credit reports. You should dispute these as "Past Statute of Limitation" for reporting.

As for the Federal Tax Lien it should have become a "Release" as of the stated date. However, this must be pursued, and you must petition for it to be filed as a "Release of Federal Tax Lien". I would have to look up the address to contact, but it is available on the IRS website under a search of Federal Tax Liens.

The Federal Tax Lien will continue to report on your credit reports, though it should report as a "Released Tax Lien". Federal Tax Liens report for seven years from date paid off.

You should definitely dispute the tradeline (for Fed Tax Lien) to the credit reporting agencies, if it does not report as "Released". You may have some luck and they could delete.

 

Just curious what was the date the IRS assessed the tax?

 

The results from any dispute should be complete within 30 days, plus any mail time. The longer you don't hear anything, usually the "better" (i.e. cannot verify, or has not verified).

If you disputed based upon credit reports pulled from your annual free reports, the CRAs have up to 45 days to complete the investigation, plus mail time to forward results.

 

IRS website Release info & form

Here is the excerpt from the IRS website:

"Releasing a Lien
We will issue a Release of the Notice of Federal Tax Lien:

Within 30 days after you satisfy the tax due (including interest and other additions) by paying the debt or by having it adjusted, or
Within 30 days after we accept a bond that you submit, guaranteeing payment of the debt.
In addition, you must pay all fees that a state or other jurisdiction charges to file and release the lien. These fees will be added to the amount you owe. Refer to Publication 1450 (PDF), Request for Release of Federal Tax Lien.

Usually 10 years after a tax is assessed, a lien releases automatically if we have not filed it again. If we knowingly or negligently do not release a Notice of Federal Tax Lien when it should be released, you may sue the federal government, but not IRS employees, for damages."

Here is the link to the instructions for requesting release:

http://www.irs.gov/pub/irs-pdf/p1450.pdf

 

The 10 year sol can be up to 13 years it depends on the assessment date.

 

Actually, it can be more than 13 years, the ten years is really from the date lien is placed or registered. This can be more than 3 years from date tax was originally due or assessed.

 

The 10 year sol is from the date it was assessed. The IRS has up to 3 years from the date the return was filed to audit/assess any tax owed. Unless you agree to toll the sol they have a max of 13 years.

 

There are other situations where it can be more than three years, i.e., not filing a federal tax return, gross understatement of income, etc.

 

The sol never starts if you don't file a return or you commit fraud.
Understating income on a return gives the IRS 3 years from the date it was
filed to assess any more tax.

 

Then you should file for a request of "Release of Federal Tax Lien", just pull up your public records to ensure it was not refiled.

You never signed off an extension to the assessment did you?

 

Understand that even with a "Release" processed, your credit reports will still show the "Released Federal Tax Lien".