As of today, no tax liens should be posted on credit reports. This will help boost credit scores for those people who were affected.
However, this does NOT mean that you get to wiggle out of paying your taxes. If you owed money to the IRS or to state taxes, then you still owe that money. The best way to handle it is to contact the tax representative and work out a payment plan. If you can make a lump sum payment, you can expect to pay less than if you need a monthly pay plan.
Be sure to get your agreement in writing.
Also, when you apply for a home loan, even though the tax lien will not show up on your credit report, the lender will still find it. LexisNexis is providing a service to banks and other mortgage lenders that provides information about pubic records such as tax liens.
Enjoy your higher credit score, but take care of the taxes you owe.
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