Want to refinance your home and get the Internal Revenue Service off your back?
If taxpayers are looking to refinance or sell a home and there is a federal tax lien filed, there are options. The Tax Attorney at Direct Tax Relief will negotiate with the Internal Revenue Service to make a tax lien secondary to the lien by the lending institution that is refinancing or restructuring a loan.
In some cases, a federal tax lien can be made secondary to another lien, such as a lending institution’s, if the Internal Revenue Service determines that taking a secondary position ultimately will help with the collection of the tax debt. That process is called subordination. Taxpayers may apply for a subordination of a federal tax lien if they are refinancing or restructuring their mortgage. Without lien subordination, taxpayers may be unable to borrow funds or reduce their payments. Lending institutions generally want their lien to have priority on the home being used as collateral.
Professional assistance and representation are strongly recommended to improve your chances of the IRS approving the subordination request.
A tax lien gives the Internal Revenue Service or state tax authorities a legal claim to your property to settle your debts to them. Once the tax authorities have assessed your liability and sent a notice demanding payment, they can begin seizing your property in as little as 10 days. Collection methods such as state or Internal Revenue Service bank levies and wage garnishment are serious business, and the authorities will not hesitate to use these methods if you ignore their tax lien notices. But if you are in this situation there is still one last defense – work with Direct Tax Relief to arrange lien subordination.
The professional strategists at Direct Tax Relief can temporarily lift the tax lien against your assets to provide an opportunity to refinance your home or sell your property. This arrangement, known as lien subordination, gives you the opportunity to take advantage of better interest rates and market trends before you use equity from your property to settle your debts. You may also be able to qualify for other types of tax relief such as an offer in compromise and penalty abatement during the lien subordination period.
Call us now at 1-877-505-4829 to begin arranging a lien subordination agreement and one of our tax professionals will explain the entire process to you.
As soon as you call Direct Tax Relief, a personal tax strategist will be assigned to your account and available to meet your needs. We will explain the tax lien subordination process and advise you on the best approach to get the tax relief you need. Just make sure to tell us about any certified mail or other concerning forms of communication you’ve received from the IRS or state tax board, so we can prepare your account in the most appropriate manner. If you don’t act now the tax authorities will do whatever it takes to begin collecting your debts.
Direct Tax Relief provides IRS tax debt relief services and has enrolled agents and tax attorneys to resolve outstanding tax debt and situations like lien subordination. Contact us today for a free consultation.