JustAnswer > Tax
Ask A Question|Register|Login|Help
JustAnswer

Tax

Ask a Tax Question, Get an Answer ASAP!

Have your own Tax question?

5 Tax Professionals are Online Now
characters left:
Not a Tax Question?

Related Tax Topics:

  • Tax
  • ,
  • Back
  • ,
  • Code
  • ,
  • File
  • ,
  • Paid
  • ,
  • Time
  • ,
  • Year
  • ,
  • Basis
  • ,
  • Local
  • ,
  • Rules
Bookmark and Share

Question

I have a Mississippi state tax lien on one credit report (experian). The last activity was April 2002 and has since been dropped from Transunion. The debt has not been paid. My understanding of MS judement/lien statute of limitations is 7 years unless the file is updated within the original 7 years of judement. Experian states that unpaid liens will remain indefinetely, but so does Transunion. Is it reasonable for me expect that filing a dispute with Experian will result in the public record entry being deleted?

Submitted: 41 days and 5 hours ago.
Category: Tax
Value: $15
Status: CLOSED
+
Read More

Optional Information

State/Country relating to question: Mississippi

Already Tried:
Nothing.

Posted by bizmatters 40 days and 18 hours ago.

Answer

Dear Weden,

 

It is reasonable to expect that you will at least have a temporary dropping of the lien. Because of the Fair Credit Reporting and Fair Debt Collection acts, the credit bureau must move the entry to a non-viewable part of the record until an investigation has been completed, and the person who placed the lien has been notified and asked about it. In many instances, a local tax collector does not respond to the inquiries. If they do not not respond then the entry is permanently deleted.

 

Now, the tax collector, if not barred from the statute of limitations, can bring further actions and cause the entry to be placed again.

 

You and I have no way of knowing if your tax collector will respond to the credit bureau inquiry. If they respond, the entry will remain, until paid.

 

Now your question places the judgment/lien on taxes in the same category as contractual based judgments.

 

In order to confirm if delinquent tax collections are barred by the statute of limitations, I need to know the source of this tax lien? property tax, sales and use tax, income tax, etc.

 

40 days and 3 hours ago.

Reply

Thanks so much for your reply. The tax lien source is from sales (state only) via a sole proprietor business I owned for several years. The debt appeared after a 3 year audit - initially in the amount of ~$2000.

 

Also, just a correction - Equifax (not Experian) is the CRA still reporting the judgement. And, I left Mississippi before the judgement was levied and have never been back.

 

Accepted Answer

Dear Weden,

 

In regard to the statute of limitations for sales tax:

 

Under Mississippi Tax Code: (section 27-65-42) the state is barred from taking legal action for 36 months after assessment, but then tthey can take action. This potentially could mean that your lien is for taxes that are 10 years or older.

 

On the otherhand, the same statute states that the statute of limitations does not apply to tax debt from sales tax that is a result of acts of ommission (failure to file or report), or fraud.

 

The tax code does state that the tax due is considered a collectable debt.

 

So your basis assumption correct, but if the statute does not apply as indicated above, then that lien can remain indefinately.

 

FYI: as stated before, many collectors simply do not respond to inquiries there for the entry may drop off when you write the refute. BUT, since the rules regarding length of time are governed primary by the CRA, then it could still remain, if it is responded to by the tax collector.

 

 

 

 

Picture
Expert: bizmatters
Pos. Feedback: 100.0 %
Accepts: 
Answered: 10/12/2009

Attorney

Licensed Practicing Attorney

40 days ago.

Reply

Thanks for your time.

Posted by bizmatters 39 days and 18 hours ago.

Answer

Dear Wedens,

 

Best of luck to you.

+
Read More

Related Tax Questions

  • I have lost money that is not retrievable in a Ponzi scheme.
  • How do I determine the purchase price of a stock I bought I-...
  • 5 yrs after my husband's death, the trustee of the estate ha...
  • What happens when 2 people claim the same dependent. I don't
  • How long does it take to recive an overpayment back?
  • If I've made 88,000 last year and I've contributed $5000 to
  • My mother in law sold her house in June 2008, according to
  • How do accountants handle infinite life depreciation?



Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.
Question List | Become an Expert | Terms of Service | Security & Privacy | About Us
© 2003-2009 JustAnswer Corp.