Stripping a Tax Lien from Real Property

It’s best to pay your taxes on time, to avoid unnecessary entanglements that will result if you end up on the collections list for the IRS.  That being said, many businesses and individuals end up on the collections side of the IRS.  From this spot, the IRS, or the state, will attack by placing a lien on your real estate.  The best way to get this lien removed, is to pay the tax debt off and restore your tax account to current.  If you are unable to do so, then you will need to make an arrangement with the IRS.  I have found that when there is equity in the home for the IRS to take, they want it.  They will take those proceeds at the closing on a house sale.  However, they will not generally foreclose on a property to get the amount of the tax lien paid.  On occasion when there is a short sale or negative equity on a home,  the process may be easier, but sometimes harder, to deal with depending on how much is owed and who the IRS person is that is involved.

If you find yourself in a situation where you are dealing with ongoing collections action by the IRS, then please call my office to set up a consultation for tax resolution. We have helped many clients settle with the IRS and the state.

Todd Courser 810-245-0813