i owe around $250K in back taxes
, penalties, etc. about three (3) years ago i tried to work up a payment plan with a local
agent whom has since retired. When the payment plan fell through, the IRS garnished every account about which i had provided them information. i closed all accounts and opened new ones at different banks and haven't heard from them since.
i was reading in another thread on here that the lien
never goes away. i don't believe that is accurate here because the lien language itself says that it expires ten(10) years after it is filed. this may be a state law
thing, i'm not sure why.
i do understand that they could renew the lien. however, when working with the now-retired agent, he stated that the only way they would do that is by taking the debt itself, then processing it through the local courts to obtain a judgment, and then to re-assert the lien, the second time, as a judgment lien.
i'm about four-five years in as to the majority of back taxes owed. i'm somewhat comfortable waiting the ten(10) years and crossing the fingers in hope that they don't resurface in the meantime.
i did receive several statements just a month or so ago showing how much was due for each year--as did my wife--but nothing came via certified mail and no real follow up (just the standard language) was suggested.
question: can you reply regarding the lien expiration issue?
question: is there a chance that my file has fallen through the cracks somehow? it makes no sense as to why i haven't heard anything since the bank accounts were levied and since the previous agent retired.
question: could it be that he just liked me and shredded my file on his way out?