Tax Lien Discharge
What is a Tax Lien?
What is Tax Lien Discharge?
When and Why Should I Apply for a Tax Lien Discharge?
You should apply for a Tax Lien Discharge if you wish to refinance or sell your property after there has been a federal tax lien placed on it. Although it is still possible to sell or refinance the property without a certificate of discharge, the property would remain attached to the IRS tax lien. The new owner would not be subject to paying the tax debt however, the IRS would still be able to place a levy on the property and seize it. Since most potential buyers would not be open to liability, the presence of a lien on the property would likely turn off any buyers from purchasing the property thus, a Tax Lien Discharge comes in handy when it comes to selling or refinance property under a tax lien. See more IRS problem resolution that we offer.
How Can I apply for a Tax Lien Discharge?
What Happens When the IRS Approves My Application for a Lien Discharge?
If you are looking to refinance or sell property placed under a federal tax lien, your property may be eligible for a Tax Lien Discharge. There are a number of factors to be considered when selling or refinancing property under a tax lien and a Tax Lien Discharge is one of many routes that you can take. It is best to speak to a tax professional to explore your options and see which best fits your situation. Give us a call today for a consultation to see if a tax lien discharge will work for you.