Changes to lien thresholds.

PositionFTB news - Brief article

The FTB increased the general guideline amount for filing a lien from $1,000 to $2,000 beginning in July 2013. By reducing the number of liens filed, the FTB says it will also reduce the number of:

* Negative marks on a taxpayer's credit bureau report.

* Telephone and written contacts to FTB.

* Liens filed in error.

* County recorders workload impacts.

The FTB notes that this change will only apply to new liens filed. In addition, the change is only to the guidelines for filing liens. It will not affect lien releases. Therefore, if you have a client with a valid lien in place on a tax liability between $1,000 and...

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