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.
The Kentucky Application for Certificate of Discharge of IRS Lien is a crucial document used in the State of Kentucky to request the removal of an Internal Revenue Service (IRS) lien from a property. This application serves as a formal request to the Kentucky Department of Revenue, seeking the discharge of the IRS lien due to specific circumstances or fulfillment of certain criteria. When completing the Kentucky Application for Certificate of Discharge of IRS Lien, there are different types that one might encounter based on varying circumstances. These include: 1. Voluntary Discharge: This type of discharge is applicable when the taxpayer has fully paid the outstanding tax debt, penalties, and interest to the IRS, thus fulfilling their obligations. 2. Partial Discharge: In situations where a taxpayer seeks to have only a portion of the lien removed, they can apply for a partial discharge. This could be due to the sale or refinancing of a property, where the taxpayer intends to pay a specific amount to satisfy the lien. 3. Subordination Request: Sometimes, a taxpayer may need to prioritize another creditor's interest over the IRS lien. In such cases, they can file a subordination request, which helps in establishing the order of priority for multiple liens on a property. 4. Withdrawal of Notice of Federal Tax Lien: While not technically a discharge, taxpayers may request a withdrawal of the Notice of Federal Tax Lien through the Kentucky Application for Certificate of Discharge of IRS Lien. This process removes the public record of the lien, though the underlying debt and the tax lien still exist. To complete the Kentucky Application for Certificate of Discharge of IRS Lien, ensure that the following information is accurately provided: — Full legal name and contact details of the taxpayer — IRS lien identificationumberbe— - Description of the property subject to the lien — Detailed explanation and supporting documentation for the requested discharge type (voluntary, partial, subordination, or withdrawal) — Proof of tax debt payment or the proposed payment plan — Any additional information or documentation as required by the Kentucky Department of Revenue It is important to thoroughly review the guidelines provided by the Kentucky Department of Revenue and seek professional assistance or consult an attorney if needed to ensure accuracy and compliance with applicable laws and regulations.
