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CO online Form 668 (Y) (c): What You Should Know
Form 668Y Notice of Federal Tax Lien | Tax Lawyer Steps to Fight Tax Lien IRS Form 668(y) is an official IRS notice that a lien has been placed against your property for failing to resolve your outstanding tax debt (form 941). This form (Form 668(Y) Notice of Federal Tax Lien) is often considered a default (which means you will not get paid). However, it is important to inform the IRS to the fullest extent possible of this fact. If you find a lien in your mail or a tax lien filed by the IRS within the past two years, ask your creditors to call, email, or visit with you to resolve the tax debt, including the taxpayer's interest in their property. If you do not resolve your tax debt within three years of the filing of the lien, the lien is “effective”; this means it will be used to charge the taxes. This means that you, as the creditor, are responsible for collecting the tax debt. This tax lien is different from a bank or credit card charge. There is not a court order against you. The lien will be enforced, and you will have to pay the debt, regardless of how long ago the lien was filed. If you have received notice that a tax lien has been filed, you may contact the local IRS office for more information: IRS Tax Lien Hotline: For Taxpayers in the 50 United States and D.C.: For taxpayers outside the U.S. and D.C.: International: Form 668Y Tax Lien Claimants Only: For Non-Taxpayers Outside the US and Canada You can claim in the 1040 form that a federal tax lien was applied against your property, even it has expired or been revoked. The filing of an official lien will not affect your ability to collect for a tax debt until the lien becomes effective. To learn how to file Form 668Y Notice of Federal Tax Lien, and have the debt applied to payment, contact the National Office. Form #6769 (with Taxpayer Advocate Service address) and #6869 (with State Taxpayer Advocacy Service address) is used by IRS field offices nationwide. See IRS: Tax Collection and Compliance Assistance. Learn more.
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