Enrolled Agent/ Certified Tax Resolution Consultant.
Education & Training with FishCoin Tax Solutions IRS 00139079-EA
August 2, 2023 12:25 PM
I represent taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS) and Minnesota Department of Revenue.
You can definitely sell a house with an IRS Tax Lien. The only thing the IRS requires is that the seller who owes money to the government not walk away with money that the IRS should have received. There are three main options to deal with IRS Tax liens. They are Lien Discharge; Lien Subordination; and Lien Withdrawal. In this blog will be focusing how to remove a tax lien on a house using the Lien Withdrawal Option.
A “withdrawal” removes the public Notice of Federal Tax Lien and assures that the IRS is not competing with other creditors for your property; however, you are still liable for the amount due. As Per the IRS to remove a tax lien the following requirements has to be met.
1.The tax Debt has to be less than $25,000(you may pay down the debt to $25K before the withdrawal request).
- The taxpayers set up a Direct Debit Installment Agreement with the IRS.
- The Installment Agreement will be completed with 60 months.
- You have made 3 consecutive direct debit payments.
- You can’t have defaulted on your current, or any previous, Direct Debit Installment agreement.
- You are in full compliance with other filing and payment requirements.
To request a withdrawal IRS Form 12277, Application for the Withdrawal must be filed. Please plan according it might a few weeks for the lien to be removed.
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Ph. (612) 516 5878
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