Does it work? I mean, if I use the tact that I need a loan to pay off the Lein, do they really buy it or is it just random luck when these 12277's get approved? Any advice? (I mean here REALLY approved by IRS, not using the form with the CRAs...just yet anyway).
Have you paid the lien? If not, what is the basis for requesting withdrawal? There are four reasons for requesting withdrawal listed. Which one would you be using?
These are very hard to get approved, and they are best pursued before paying any part of the lien. If you can make a good case for needing better credit to get a loan to pay this lien, then you may have a chance. This case comes under the "best interests of the taxpayers", i.e that you would pay it off. Also, you can try to negotiate a withdrawal with entering into a payment plan w/the IRS. ust be sure to negotiate this first, before any payments.
As Biz said, they're hard to get approved. You would have to show how their withdrawal will facilitate the collection of the tax, and probably make payment arrangements. If you went in with something like a letter that said "if the lien is removed, we will loan you the money to pay the taxes" or something like that, you may have a shot. But you better be ready to pay up when you get the loan. You're not going to use this to get out of paying the taxes, if that's where you're headed.
I definitely want to pay the taxes, but the Lein does in fact have serious consequences...it is due to an underpayment of tax due to fewer withholdings than appropriate for a few tax years...after bonus there was tax due. Given that I work in the financial industry, and employment is based on in-depth background checks (i.e. a Lein completely disqualifies me for most jobs), isn't it a valid argument that in order to continue making payments on a payment plan, I would need continued employment, which would be in complete jeopardy if I have a lein on my credit file
This may be a condition you use to negoatiate in a payment agreement, w/the IRS, it is much easier to get the agreement to not report the lien to credit reports BEFORE you start paying.
