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Raleigh, NC CPA Firm: Remove Tax Lien From Credit Reports
Tax liens are required to be removed from credit reports issued by the three largest credit bureau agencies (i.e., TransUnion, Equifax, and Experian) effective April 16, 2018. This decision was reached by the credit bureaus due to concerns about the integrity of the data pulled from public records and the correct matching of such data to individuals’ credit reports. For example, a tax lien filed for a person with a common name, say Joe Smith, may show up incorrectly on the credit report for another Joe Smith in the same town or even another person with the same name halfway across the country. Given the extreme negative impacts of having a tax lien on a record, the credit bureaus found it best to remove tax liens from credit reports all together.
The main focus of my CPA practice is income tax representation for individuals. Many taxpayers who come into our Raleigh, NC office seek relief from tax liens filed by the IRS or North Carolina Department of Revenue that have had damaging impacts to their credit affecting their ability to borrow, to obtain employment, and even the ability to obtain housing. Below is more information about tax liens issued by the IRS ... more
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