Silent Lien-Say What?

By
Education & Training with Number Cruncher LLC
https://activerain.com/droplet/5q9R

A silent tax lien is a lien that arises automatically by statute if a tax liability is assessed. If a taxpayer owes money to the IRS, a lien will be filed against them and all of their assets, INCLUDING those assets acquired in the future.

The IRS does not need to contact you to notify you of a lien. They will often file a public notice to let other creditors know that money will be paid to the IRS first. Now a taxpayer's name appears on public lists for lien filings and is sold to companies to market their services. However, a tax lien does not jump ahead of mortgages, Uniform Commercial Code Filings, and other legitimate liens filed before the IRS files a lien.

If a taxpayer owes more than $10,000 or more, there is not much that can be done to stop the filing of the lien. It is best to contact the IRS and resolve the issue.

The IRS has a set of steps they must take before a tax lien is assessed.

If you or someone you know has an IRS nightmare, please feel free to contact me at 702-469-9426 or cstevens@numbercruncherllc.tax.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Tags:
tax lien
silent tax lien
irs tax lien
federal tax lien
irs help
back taxes
back tax debt
number cruncher llc
tax resolution
tax resolution specialist
tax preparer
las vegas nv
overton nv
mesquite nv
stgeorge ut

Spam prevention
Show All Comments
Ambassador
3,184,572
Anna Banana Kruchten CRS CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Candy on one of our listings a buyer (not our buyer)discovered in the late states of the transaction that he had a silent tax lien.  He wasn't able to handle it and couldn't buy the home. Apparently his lender didn't do the proper due diligence upfront with this buyer. Thankfully for the sellers we had a back up in place.  That is the only time in 34 years I've run into this situation.

Jan 19, 2021 03:01 PM #1
Rainmaker
53,914
CANDACE (Candy) STEVENS
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

That is good to hear Anna Banana Kruchten CRS CRB, Phoenix Broker

I hope taxpayers are not surprised by silent liens very often.

 

Jan 19, 2021 06:13 PM #2
Rainmaker
3,531,959
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

How interesting here we have a Preliminary Title Report and all the liens show up.... no secrets... seller either clears them up or there is no sale... CA you have to provide clear title or there is no closing...Endre

Jan 19, 2021 11:58 PM #3
Rainmaker
3,258,309
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The IRS doesn't mess around when someone owes them money so you better make sure to pay the IRS what you owe, haha.

Jan 20, 2021 03:58 AM #4
Rainmaker
53,914
CANDACE (Candy) STEVENS
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

True Endre Barath, Jr.

Have a Happy Day!

Jan 20, 2021 08:35 AM #5
Rainmaker
53,914
CANDACE (Candy) STEVENS
Number Cruncher LLC - Overton, NV
Helping Taxpayers Resolve IRS problems

You are correct Brian England.  No messing around with the IRS.  Taxpayers think they can hide or get away with things.  

 

Jan 20, 2021 08:35 AM #6
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
53,914

CANDACE (Candy) STEVENS

Helping Taxpayers Resolve IRS problems
Ask me a question
*
*
*
*