What is Form 12277?
Form 12277, known as the Application for Withdrawal of Filed Form 668(Y), is essential for anyone dealing with a federal tax lien imposed by the IRS due to unpaid taxes. This lien can hinder your ability to sell or transfer property. By completing this form, you can formally request the IRS to remove the lien if you’ve settled your tax debt or have a valid reason, such as an installment agreement or an error in the lien’s filing. It plays a critical role in resolving tax debt issues and restoring your property rights.
What is Form 12277 used for?
Form 12277 is essential for managing tax liens. Here’s how it can help you:
- Remove Public Notice: Withdraws the public Notice of Federal Tax Lien from records.
- Improve Credit Standing: Enhances your credit by removing the lien from your report.
- Request Withdrawal: Formalizes the request to remove a filed Notice of Federal Tax Lien.
- Satisfy Tax Obligations: Allows withdrawal if you’ve met your tax responsibilities, like full payment or an installment plan.
How to fill out Form 12277?
- 1
Fill out your written request using Form 12277, ensuring it includes all required information.
- 2
Confirm compliance with other filing and payment requirements.
- 3
Check that you have an active Direct Debit Installment Agreement (DDIA) with at least three consecutive monthly payments.
- 4
Verify there are no defaults in payment under the DDIA or any previous installment agreements.
- 5
Ensure you have not previously withdrawn a Notice of Federal Tax Lien for the same modules.
- 6
Complete all necessary documents and information as specified in the form instructions.
Who is required to fill out Form 12277?
Taxpayers, including individuals and businesses, are responsible for completing Form 12277 to request the withdrawal of a federal tax lien. Those who have entered into an installment agreement or believe the lien was filed incorrectly are required to fill out this form.
When is Form 12277 not required?
Form 12277 isn't necessary when the IRS decides that withdrawing a lien will aid in collection without needing a written request. This applies if a Revenue Officer determines collection is best and the taxpayer agrees. Additionally, if the IRS has already issued a "Release" of the lien, there's no need to file Form 12277.
When is Form 12277 due?
The deadline for Form 12277 is when you submit your request to withdraw a Notice of Federal Tax Lien. The IRS usually responds within 30-45 days after they receive your application. To qualify for the withdrawal, ensure you've paid your tax debt, are compliant with all tax filings and payments, and meet the IRS's specific criteria.
How to get a blank Form 12277?
To get a blank Form 12277, simply visit our website. The IRS issues this form, and we have a blank version ready for you in our editor. Remember, our platform helps you fill out and download forms, but does not support filing them.
How to sign Form 12277?
To sign Form 12277, you can include a handwritten signature, a scanned image of your handwritten signature, or simply type your name in the designated signature block. The IRS accepts different electronic signature methods, including those made with third-party software. Remember to check for any updates regarding signature requirements. Once you've filled out the form using PDF Guru, you can download it for your records, but keep in mind that submission must be done separately.
Where to file Form 12277?
To submit Form 12277, you must mail it to the IRS office that handles your case. If you're unsure of the correct address, refer to Publication 4235 for guidance.
Make sure to address your envelope to IRS, ATTN: Advisory Group Manager. Remember, this form cannot be submitted online and must be sent by mail.
