Saturday, December 27, 2008

IRS to Subordinate Federal Tax Liens

If you are refinancing or selling your home, and have a federal tax lien against your property, the Internal Revenue Service is offering help to you. The IRS has announced that they will subordinate the tax lien.

This new program should help what IRS Commissioner Douglas Shulman calls "financially distressed homeowners". It does not forgive the taxes due, however.

To read the IRS tax briefing, and to get more information, go here

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