This form is an Application for Certificate of Discharge of IRS Lien. Use to obtain certificate of release when lien has been removed or satisfied. Check for compliance with your specific circumstances.
Connecticut Application for Certificate of Discharge of IRS Lien is a legal document used to request the removal of a federal tax lien on a property in the state of Connecticut. This application is filed with the Connecticut Department of Revenue Services (DRS) by taxpayers or their authorized representatives. Keywords: Connecticut, application, certificate of discharge, IRS lien, federal tax lien, property, Connecticut Department of Revenue Services, taxpayers, authorized representatives. There are generally two types of Connecticut Applications for Certificate of Discharge of IRS Lien: 1. Normal Discharge: Under this type of application, taxpayers can request the discharge of the IRS lien when they meet specific criteria. These criteria include, but are not limited to, demonstrating that the lien is causing significant economic hardship or that the lien is impairing the ability to sell or refinance the property. The applicant must provide detailed information about their financial situation and explain how the discharge of the lien would benefit them. 2. Subordination: In some cases, taxpayers may not be eligible for a complete discharge of the IRS lien, but they can opt for a subordination. With subordination, the taxpayer requests that the IRS lien be placed behind other creditors' interests, making it easier to refinance or sell the property. The application for subordination requires similar information as the normal discharge application, including proof of financial hardship or a plan to sell or refinance the property. When completing a Connecticut Application for Certificate of Discharge of IRS Lien, it is crucial to provide accurate and comprehensive information about the taxpayer's financial situation and the property in question. It is recommended that taxpayers seek professional assistance from tax attorneys or certified public accountants to ensure compliance with the requirements and increase the chances of a successful application. In summary, the Connecticut Application for Certificate of Discharge of IRS Lien is a legal document used to request the removal or subordination of a federal tax lien on a property in Connecticut. Taxpayers facing financial hardship or experiencing difficulties in selling or refinancing their property can apply for a normal discharge or subordination, respectively. Seeking professional assistance is advisable to ensure the accurate completion and submission of the application.
