IRS Lien Subordination - Tax Lien Series #2 August 2022

Описание: A quick overview:

1) Subordinating means letting another creditor (like a mortgage) “get ahead” of the IRS
2) You typically see this when a taxpayer wants to refinance a mortgage but has IRS tax liens
3) If the refinance reduces the monthly mortgage payment which allows a higher IRS repayment, the IRS may allow the tax lien to be subordinated to the new mortgage
4) The taxpayer would submit IRS Form 14134, “Application for Certificate of Subordination of Federal Tax Lien” along with documents showing that the refinance will improve the IRS’ ability to collect, including bank appraisals, loan documents and a new monthly payment schedule

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If you have years of unfilled tax returns or need help getting a tax debt resolved, please call me at 203-434-5626 or email me at [email protected]

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