Can one refinance a home that has a tax lien?
- David Greene
- Comments Off on Can one refinance a home that has a tax lien?
Thank you for your question. I have several clients currently with the same problem. If you have enough equity in your home to completely pay the delinquent taxes, the IRS will discharge the lien upon payment of the taxes out…
What is the difference in a levy and a lien?
- David Greene
- Comments Off on What is the difference in a levy and a lien?
A tax lien is a document recorded at the county register of deeds office which simply states that the individual owes the IRS the amount of money stated on the lien. If the person named sells real property, that lien…
Can the IRS seize real property based on filing a lien?
- David Greene
- Comments Off on Can the IRS seize real property based on filing a lien?
No, the IRS will not seize a taxpayer’s home as a result of filing a Lien. They would have to start a legal proceeding to reduce the lien to a judgment. However, this lien does affect your property. You can…
How many different ways can the IRS try to collect taxes I owe – Part 2?
- David Greene
- Comments Off on How many different ways can the IRS try to collect taxes I owe – Part 2?
First, let me say that I hope all my readers had a wonderful Christmas. Two weeks ago. I mentioned several collection methods. This week I will discuss seizure of property in more detail. If the taxpayer still does not pay…
How is a tax levy different from a lien?
- David Greene
- Comments Off on How is a tax levy different from a lien?
This week I want to discuss how a levy differs from a lien. While a lien is simply recorded at the courthouse and is therefore a “passive” collection action (nothing happens until the taxpayer sells property), a levy is an…
Can a tax lien be used to seize your home?
- David Greene
- Comments Off on Can a tax lien be used to seize your home?
No, the IRS will not seize your home as a result of this Lien. They would have to start a legal proceeding to reduce the lien to a judgment. However, this lien does affect your property. You can think of…