List #1
Once a tax liability has been assessed, demand for payment has been made and the TP neglects or refuses to pay, this happens.
The Statutory Lien arises
These are your 3 NFTL determination options.
FILE, DO NOT FILE or DEFER
The statutory lien remains effective from _________________ to ____________________.
Assessment date until liability is satisfied or becomes legally unenforceable (CSED Exp)
This provision prohibits filing of a NFTL after the bankruptcy petition date.
The Automatic Stay
The seriously delinquent tax debt threshold for ______________ was $54,000 in 2021.
Passport Certification
________________ serves the purpose of providing public notice of the Statutory Federal Tax Lien.
The Notice of Federal Tax Lien (NFTL)
________________________ is an alternative to filing the NFTL, while still protecting the Government’s interest.
Collateral Agreement
The TP must be given L3172 with their CDP Rights within ______________ business days of the NFTL filing.
5 (FIVE)
This lien remedy extinguishes the statutory Federal Tax Lien, rendering it no longer effective for tax administration.
Lien Release
This lien remedy only retracts the public notice of the FTL, without affecting the statutory lien or the underlying liability.
Lien Withdrawal
Withdrawal of an NFTL is not mandatory, except in this ONE circumstance.
When it was filed in violation of the Automatic Stay in Bankruptcy
Provide ONE example of a premature NFTL filing.
-Before TP received warning of the possibility -When TP was in a Combat Zone -When NFTL was filed in duplicate -When approved IA did not provide for NFTL filing and one is filed before the agreement defaults
Although not specifically required, this is the form generally used by TPS to request Withdrawal of a NFTL.
Form 12277
This NFTL action is sometimes required when a tax period’s CSED has been extended due to an appeal or other litigation.
In the case of an erroneously released NFTL, the filing of this document reinstates the statutory FTL as of the date it’s filed, changing the Government’s priority to the date the FTL is reinstated.
Certificate of Revocation
After a Certificate of Revocation is filed, how is the date for the Government’s priority against other creditors determined?
From the date the new NFTL is filed
This notice explains TFRP provisions to a potentially responsible party and should be given during initial contact on a case involving unpaid TF liabilities.
Notice 784
This Del Ret closure option closes the del ret module in question as well as all subsequent requirements for the same form.
This DEL RET closure option is used when 6020b actions are applicable for an IMF taxpayer.
Transfer to ASFR
This DEL RET closure option may be appropriate if your TP fails to respond to your attempts to contact them and you determine that securing the return using other means is not warranted.
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