Comment

Comment by Heather Fitzgerald on February 20, 2012 at 12:58pm

I had no idea this is a possibility, wonderful information, thanks for sharing!

Comment by Jason M Halliday on April 3, 2011 at 11:10pm

Hey Marty,  Unfortunately, all federal tax liens have state to state representatives.  What state are you in and i will forward the phone number to you.  Getting irs tax liens are generally very simple to release as the irs only requires no equity in the home.  It is a very drawn out process and you will generally have to provide an appraisal to the irs to get the release.  However, the irs does not take funds in a short sale scenario and will only do a lien release for $0 and will absolutely not do a full deficiency release unless they are paid off in full.  Warm regards,  Jason

Comment by Marty Macisso on April 3, 2011 at 12:19pm

It was my understanding that you could have the liens discharged to avoid foreclosure if you have an approved short sale, a full appraisal to show neg equity....but I'm reading below that the seller will need to contribute some $ to get a lien release? 

Does anyone have any contact #'s at the IRS? 

I have a client with about $50k in liens, he has a Tax Attorney working on the Assessments...and the Discharge requests...but being April...things are moving SLOW...

Comment by Karen Warshaw on May 13, 2010 at 7:54pm

found out you can also get a discharge if you can prove that there is no equity to satisfy the lien. the debt still exists it is just removed from the property allowing a sale.

Comment by Karen Warshaw on May 12, 2010 at 4:58pm

also it must be noted that you have to satisfy the oic before they will release the lien.You have the option to pay in installments or lump sum down. I read that it is usually 20% they take, but on the application itself, it lets you fill in the amount to offer them. So Effectively if you qualify for that,pay the 20% lump and wala!! (* hopefully) But you have to be approved by the IRS and I am not sure of the time frame.

Comment by Karen Warshaw on May 12, 2010 at 4:53pm

http://www.irs.gov/taxtopics/tc204.html and
http://www.irs.gov/businesses/small/article/0,,id=104593,00.html


these are the IRS links that I found. check it out! When I get a chance and find out anything else, I will post ! happy to help!

Comment by Marlene Ritzman on May 12, 2010 at 4:48pm

I would love to have more informtation on OIC. When you get the information, could you pass it along. I am sure we do enough of these that any information would help. Thanks so much.

Comment by Karen Warshaw on May 12, 2010 at 4:32pm

Thanks Marlene, I was doing a bit of research and came upon OIC offer in compromise.. This is like short sale for tax liens.. IF you are low income and can prove it then you can apply for that.. I know this may take some time, but we may just have to give it a try. The IRS website says that once the oic is paid typically 20% of what is owed then they will release the lien..

Comment by Marlene Ritzman on May 12, 2010 at 4:09pm

Jason, I have a negotiator that is getting me the numbers for the IRS; the one that will get past all the preliminary stuff. I will pass those on to you as I get them. Hopefully that will help clear up some of the issues we have.

Comment by Marlene Ritzman on May 12, 2010 at 4:06pm

Karen, Other then pay the liens, I don't think there is anything you can do. I have been told by the IRS and title companies to get anyone that they can to help them pay it off. ie. parents, friend, and other relatives. I have had banks tell me that they will NOT pay those personal debts at closing.

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