Tax Lien on your House and You Need to Sell – Get Tax Advice on Federal Tax Liens

December 22, 2012
Written by: Fresh Start Tax

 

Mike Sullivan

Tax Lien on your House and You need to Sell – Get Tax Advice on Federal Tax Liens

We are comprised of Attorneys, CPA’s and Former IRS Agents who can assist you in getting your Federal Tax Lien released is you are trying to sell your house.

Call us today and we can review your case and instruct you on the cheapest and fastest way to remove your Federal Tax Lien.

So if you have a Federal Tax Lien Tax on your house and your and to need to sell call us right now and get the information you need. 1-866-700-1040.

There are several way to remove a Federal Tax Lien whether you can pay the IRS in full or whether you cannot pay the IRS in full.

You will find the comprehensive list below.

If you do not have the money to full pay the IRS and you can get or have a contact on your house you can ask for a Application of Discharge of the Federal Tax Lien.

 

The Application if Discharge

 

The Application for Certificate of Discharge of Property from Federal Tax Lien is found on Form 14135.

The application  will ask for several documents relative for the IRS to make a decision to release the Federal Tax Lien on the said property. The will ask for a closing statement, appraisal, pay off amounts ……etc. You can find this form on our web site

We have very affordable fees to handle this process for you.

 

Other ways to get the Federal Tax Liens Released.

 

You  want to make sure you truly owe the tax and that the assessed tax is the correct amount. Do not assume that what the IRS says you owe is correct.

Make sure to compare your tax records with the actual IRS notice. If you did not file your own tax return, the IRS may have filed a substitute for return, a SFR.

Generally, the amount the IRS assesses is much higher because they only give you the standard deductions. When this happens, complete a correct tax return and send it to:

IRS
Fresno Campus ASFR
Unit Stop 81304
PO Box 24015
Fresno, California 93779

 

This  tax unit of the IRS processes the all SRF tax returns now filed by the taxpayer. In the filing of the new tax return, send a cover letter asking for a “Reconsideration”.

This could take up to 3-5 months, so be very patient.

You can pay the tax in full as soon as possible.

This is the quickest way to release the Federal Tax Lien. If you pay with a cashier’s check, the IRS will immediately release the Federal Tax Lien if you walk into a local office.

Make sure you get a copy of the lien release and find out when the IRS will send a copy to your local courthouse. You will also want to check with the credit agencies within 30 days to make sure they posted the satisfaction of release on your credit report.

You can file an Offer in Compromise under Doubt as to Collect ability. Pay off the terms of the Offer in Compromise and the IRS will release the Federal Tax Lien once the Offer is paid in full and all the terms are  fully met.

You can find out if the statute of limitations has expired on the tax years involved. The IRS has a 10 year period of time in which they must collect the taxes.

 

The 10 year period starts when the IRS makes on assessment on the IRS computer. This is usually 6 weeks after the returns are filed. If the statute period has expired, the lien is automatically released by statute, but a release will not be sent out by the IRS. You will have to formally ask them for a copy of the release.

If you want a hard copy of the release of federal tax lien after the statute has expired, fax your request to:

 

IRS Centralized Lien Releases
Fax # 859-669-3805

Another option is to apply for a Surety Bond.

The cost of the bond is very expensive, but the IRS will release the Federal Tax Lien once the bond is given to them. A bond is usually as much as the payoff of the federal tax lien.

If there are special circumstances that would cause a hardship because of the filing of the Federal Tax Lien, let the IRS know of the situation. Hardship situations can change the circumstances of most cases. The IRS will give due consideration for certain conditions.

You can contact the Taxpayer’s Advocates Office if you believe there is something wrong with the filing and you want the IRS to look into the situation. The Taxpayer’s Advocates Office is there for you. Go to IRS.gov for the nearest office.

9. If you realized you made a mistake on your own tax return and the liability is incorrect, file an amended tax return so the IRS can correct the issuance of the Federal Tax Lien.

 

Get payoff amounts for your Federal Tax Liens

 

Call the IRS at 1-800-913-6050 to get a payoff amount for your tax debt.

You can also go to the nearest IRS office or contact the IRS officer assigned to your case to get your payoff amount. If the amount from the sale of your property is enough to pay off your tax liability, the IRS will not approve a discharge.

 

Tax Lien on your House and You Need to Sell – Get Tax Advice on Federal Tax Liens

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