|
|||||||||||||||||||||||||||
|
How
to get out
of a
Catch-22: The IRS
wants to
get paid
but their
tax lien
is making
it impossible
for me
to withdraw
The solution to
this problem comes in the form of a IRS lien subordination.
If you have equity in real property that you would like to
withdraw to pay a portion of your tax bill, the IRS will allow your
lender to take a priority position ahead of their own. Example: Joe has a tax bill
of $100,000 with equity in his home of $50,000.
Joe's bank tells him that they will loan him $50,000 if the
IRS agrees to allow them to remain as a higher priority creditor.
Joe hires Patriot Tax Resolution Co. to prepare an
Application for a Certificate of Subordination of Federal Tax Lien.
The IRS receives the request and agrees to subordinate the
tax lien by issuing the certificate.
The bank receives the Certificate of Subordination, completes
the financing and sends the IRS $50,000 to be applied to the tax
bill. Joe then has
$50,000 remaining on his tax bill and will need to continue to work
with Patriot Tax Resolution Co. to determine the appropriate
resolution of the remaining tax debt. The IRS processes
an Application for a Certificate of Subordination of Federal Tax
Lien on a first come, first served basis.
Recently additional personnel have been added to the
Technical Services Department which processes Lien Subordinations in
an effort to offer quicker turn around times.
Expect at least 30 days to receive the certificate of
subordination. If you would like
for Patriot Tax Resolution Co.
to prepare the the Application for a Certificate of
Subordination of Federal Tax Lien.
Upon hiring Patriot Tax Resolution Co. we will provide you
with a list of the documents we will need in order to prepare the
application. |
Let us help you with all your tax problems! ![]()
|
|||||
| Call Us Now - 866-947-7209 | ||||||
|
Why Choose Patriot? Call us, not only will he be the licensed tax professional providing you with your consultation, he will be the power of attorney working your case to resolution! The sales person consulting you before you hire at other companies WILL NOT be the one working your case. Nick will see your case through from start to finish. Money Back Guarantee If you do not have full confidence in your within the first month of hiring Patriot, we'll give you your money back. If you are not happy with our services we will refund your money. No Sales Pitch. Get a FREE Consultation From with one of our experts. We will give you in-depth review of your case and present you with all the options available to you. |
The Fastest Service! Work begins on your case the moment you hire us. If you have a bank account levy or garnishment, we will have it released in the first 24 hours of hiring us! For Immediate Tax Help Call Do Your Homework!
Before hiring any
firm, ask for references and research their history through
Rip Off Report. |
Request a Free In-Depth Consultation Now! This is a consultation with a licensed tax professional, not with a sales guy. See what the specific options are that you have available to you before you make any decisions on how to proceed. |
||||
|
|
| Home Contact Us
IRS
Problems
Bank Levy
Wage Garnishment
Accounts
Receivable
Federal Tax Lien
Payroll Tax
Trust Fund
Recovery Unfiled Returns IRS Solutions Bank Levy Release Wage Garnishment Release Accounts Receivable Release Offer in Compromise Partial Payment Plan Company Reorganization Abatement of Penalties and Interest Currently Non-Collectable Real Estate Lien Subordination Real Estate Lien Withdrawal and Discharge Trust Fund Representation Tax Preparation Recent Successes Guarantee Get Started Privacy Policy © COPYRIGHT 2009 - PATRIOT TAX RESOLUTION CO. |