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.
Title: Minnesota Application for Certificate of Discharge of IRS Lien — Explained in Detail Introduction: Minnesota Application for Certificate of Discharge of IRS Lien allows individuals and businesses in Minnesota to request the removal of a federal tax lien filed by the Internal Revenue Service (IRS). This detailed description will provide information about the application process, eligibility criteria, and various types of Minnesota Application for Certificate of Discharge of IRS Lien. 1. Understanding the Minnesota Application for Certificate of Discharge of IRS Lien: The Minnesota Application for Certificate of Discharge of IRS Lien is a formal request made by taxpayers to the IRS seeking the removal of a federal tax lien on their property or assets. Keywords: Minnesota Application for Certificate of Discharge of IRS Lien, IRS lien removal, request for removal, federal tax lien, property, assets. 2. Eligibility Criteria for Filing the Application: To qualify for the Minnesota Application for Certificate of Discharge of IRS Lien, individuals or businesses must meet certain criteria set by the IRS. These criteria may include: — Demonstrating financial hardship caused by the lien — Providing evidence of compliance with all tax obligations — Demonstrating that the discharge will facilitate the payment of the tax debt Keywords: Eligibility criteria, Minnesota Application for Certificate of Discharge of IRS Lien, financial hardship, tax obligations, facilitate payment, tax debt. 3. Types of Minnesota Application for Certificate of Discharge of IRS Lien: a) Application for Certificate of Discharge of IRS Lien (Form 14135): This is the standard application form utilized by individuals and businesses seeking a discharge of an IRS lien in Minnesota. It requires detailed information about the taxpayer, the tax lien, and the reasons for requesting discharge. Keywords: Application for Certificate of Discharge of IRS Lien, Form 14135, standard application form, taxpayer information, tax lien, discharge request. b) Application for Certificate of Nonattachment (Form JT-1): This form is utilized when a taxpayer wishes to sell or transfer property without having the tax lien attached to the property. The purpose is to ensure that the lien does not affect the new owner's rights. Keywords: Application for Certificate of Nonattachment, Form JT-1, sell property, transfer property, tax lien attachment, new owner rights. 4. Required Documents and Supporting Information: When filing the Minnesota Application for Certificate of Discharge of IRS Lien, certain documents and information need to be submitted, including: — Copies of recent tax return— - Proof of compliance with tax payment obligations — Detailed financial statements showcasing the financial hardship caused by the lien — Documentation explaining how the discharge will facilitate payment of the tax debt Keywords: Required documents, supporting information, tax returns, compliance proof, financial statements, financial hardship, discharge facilitation. Conclusion: The Minnesota Application for Certificate of Discharge of IRS Lien provides taxpayers with an opportunity to remove a federal tax lien on their property or assets. By understanding the application process, eligibility criteria, and the different types of applications available, individuals and businesses in Minnesota can take appropriate steps to request the discharge of their IRS lien.
