On December 16, 2008 the IRS announced that is now offering an expedited process for homeowners to avoid having a federal tax lien block the refinancing or sale of a home. The IRS does not want to be a barrier to people trying to save their homes or to those that are selling them for less than the mortgage lien under certain circumstances.
Taxpayers and their representatives may apply for a certificate of discharge of a tax lien. For more information and links to the IRS forms needed to make these requests please use this link – http://www.irs.gov/newsroom/article/0,,id=201343,00.html
Start the process early in your transaction so the IRS lien doesn’t become a closing issue.
