Tags: levin | tax | liens | irs | bill | data | base

Levin Bill Gives IRS New Tax Lien Powers

By Annette Lopez-Munoz   |   Friday, 22 Jul 2011 07:56 AM

Sen. Carl Levin, D Mich., and Sen. Mark Begich, D-Alaska, this week introduced legislation that would save $150 million for federal taxpayers.

“Outdated laws are forcing the IRS to waste taxpayer dollars on an old-fashioned, inefficient, and burdensome paper tax lien filing system that could be easily replaced by a modern electronic filing system that could save taxpayers $150 million over the next ten years,” Levin said.

The legislation would modernize the federal tax lien system by moving it from paper-based filings in local recording offices to electronic filings on a national tax lien registry accessible through the Internet.

“Using an electronic filing system on the Internet instead of paper files in over 4,000 local recording offices across the country would save millions of taxpayer dollars, while actually improving taxpayer service,” Levin said. “Liens would be filed faster, errors would be easier to detect and correct, and, once resolved, liens could be released quicker, in 20 days instead of the 30 days now permitted.”

Begich said that this legislation will make it easier to “shine a light” on those trying to cheat the IRS, and put information at the fingertips of business and individuals who want to know who they are dealing with.

“Additionally, anytime you streamline and simplify a government service, you will save taxpayer time and money. That's a win for everyone,” he said.

Tax liens are a principal tool used by the Internal Revenue Service to collect funds from persons who are delinquent in paying their taxes. Currently, notices of tax liens must be made public, and are made public by filing them on paper in one or more of 4,100 local recording offices.

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