Tag Archives: Tax Lien

Sneak Preview – Website Updates Part VI

IRS Tax Lien Release/Subordination/Discharge When the IRS slaps a tax lien against your property over non-payment of a tax debt, it can wreak havoc on your financial situation and possibly hamper your ability to obtain credit. Fortunately, there are a number of ways to minimize the damage that an IRS tax lien can cause while […]

Completing a Real-Estate Mortgage Transaction When Subject to a Tax Lien: Part III

Borrowing to Buy a Residence When Subject to a Tax Lien One of the more extraordinary powers one can wield to improve one’s life is the power to borrow money at a favorable time, especially to buy a home. A home is often one’s first and best investment, it is an investment that requires most […]

Completing a Real-Estate Mortgage Transaction When Subject to a Tax Lien: Part II

Selling a Mortgaged Property When Subject to a Tax Lien Life goes on, even when you are subject to an IRS or other state or local tax authority’s lien or have a tax lien against your real property. At least, you need and want life to go on despite the tax lien. And those personal […]

Completing a Real-Estate Mortgage Transaction When Subject to a Tax Lien: Part I

Nothing complicates a financed real-estate transaction quite like an IRS or other tax lien. Real-estate transactions involving a mortgage are complex enough, even when they don’t include a tax lien. Add the IRS or state or local taxing authority to the mix, and a tax lien can look like a deal killer. A tax lien […]

Crash Course: The Difference Between an IRS Lien and IRS Levy Explained

The IRS threatens a variety of consequences for nonpayment of taxes. While penalties and interest may be the first course of action, liens and levies are distinct possibilities for large balances not paid over a long period of time. While these repercussions hold many similarities, they’re quite different in practice, as highlighted below. Levies Versus […]

Tax Statutes Expire Saving Client $100,000!!

Our client hired us in 2016 for a State of NY tax issue. At the time he owed the State of New York for a closed business in the amount of $100,000 give or take, including penalty and interest! The original assessment was $49,000. The State of New York has a personal tax assessment process […]