...

Does an Approved IRS Offer In Compromise Remove an IRS Tax Lien?

An approved IRS offer in compromise will pave the way for the removal of an IRS tax lien, however this will not automatically happen and it does not happen quickly…

Once the IRS offer in compromise is submitted and approved–which takes on average from nine to 15 months (possibly up to 24 month or even longer if the case goes to appeals)–the tax liability is removed.  ALL of the conditions of the offer in compromise have been met, and the IRS has posted this in the system, a request may be made for a release of the IRS lien.  The request part usually goes relatively quickly and should be received and posted within two weeks.

IMPORTANT: If you are trying to purchase or sell a home with a Federal Tax Lien, be sure to allow plenty of time for obtaining the release of lien.