Legal Question in Tax Law in Florida

How long does a tax lien stay on your credit?

My husband owes about $35,000.00 in back income tax to the IRS. The last time we talked with the IRS about 2 years ago they said that he would never be able to pay it off and that they would be in touch. We have never heard from them. We hired a lawyer, because he has tax liens on his credit and we wanted to get them taken care of. The attorney we hired said that the liens drop off of his credit in ten years which will be in 2006, and that since they are not bothering us to not do anything. My question is, we hold a mortgage thru a private individual, if the IRS attaches a tax lien on our house, do we have any options at that time(eg: bankruptsy) also if they do attach on the house does that mean that after the statutes of limitations is up that the tax lien will come off of the house. Is there an actual ''statute of limitations'' on a tax lien, or were we misinformed. I really need some help on this. PLease respond. Thank you.


Asked on 7/12/02, 2:25 pm

1 Answer from Attorneys

Joel Selik www.SelikLaw.com

Re: How long does a tax lien stay on your credit?

Perhaps you need further consultatons.

www.taxworkout.com

Joel Selik

800-894-2889

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Answered on 7/12/02, 2:31 pm


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