IRS Speeds Lien Relief for Homeowners
Trying to Refinance, Sell

"We don't want the IRS to be a barrier to people saving or
selling their homes. We want to raise awareness of these lien
options and to speed our decision-making process so people
can refinance their mortgages or sell their homes," said
Doug Shulman, IRS commissioner.

IRS Government, January 2009:

The Internal Revenue Service announced an expedited pro-
cess that will make it easier for financially distressed hom-
eowners to avoid having a federal tax lien block refinancing
of mortgages or the sale of a home.

If taxpayers are looking to refinance or sell a home and there
is a federal tax lien filed, there are options. Taxpayers or their
representatives, such as their lenders, may request that the
IRS make a tax lien secondary to the lien by the lending in-
stitution that is refinancing or restructuring a loan. Taxpayers
or their representatives may request that the IRS discharge its
claim if the home is being sold for less than the amount of
the mortgage lien under certain circumstances.

"We realize these are difficult times for many Americans,"
Shulman said. "We will ensure we have the resources in
place to resolve these issues quickly and homeowners can
complete their transactions.

LEVY & ASSOCIATES CAN HELP!
EVY

SSOCIATES INC.

, •

TAX COr\k_',ULTAN

Lawrence B. Levy

Member National Society of Accountants &
American Society of Tax Problem Solvers

28400 Southfield Rd • Southfield, MI 48075
248.557.4048 • Fax 248.443.1642
Toll Free 877.666.1evy (5389)
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• Offer in Compromise

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Charles M. Inman, Ill, C.P.A.+
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Dale L. Gudenau, Esq.**
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Rewaq Najor, Esq. **
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Associates

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OFFICE
LOCATIONS

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