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Under what conditions will the IRS consider withdrawing an NFTL?
The IRS may agree to withdraw a filed NFTL if certain criteria are met, such as:
– The taxpayer owes less than $25,000,
– Is enrolled in a Direct Debit Installment Agreement, and
– Has made at least three consecutive on-time payments.
Withdrawal removes the lien from the public record, which can help improve credit and facilitate financial transactions.