Wednesday, December 17, 2008

IRS Makes It Easier For Those With Federal Tax Liens On Property To Sell Or Refinance

A federal tax lien on property normally makes it very difficult to sell or refinance because of the delay in IRS approval of the transaction.  Sometimes the IRS rejects the transaction altogether.  However, the IRS has just announced that they will make it easier for folks to sell or refinance property that has a federal tax lien attached.  They are going to expedite the process to clear the liens so that property owners can proceed with their transactions.  See today's article in the Wall Street Journal for the details and options for affected property owners.

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