Earned Income Tax Credit | An IRS Tax Lien Will Delay The Purchase of Your New Home

An IRS Tax Lien Will Delay The Purchase of Your New Home

We found our dream house two years ago and we immediately made an offer on the property.  We were ecstatic when our offer was accepted thus, we uimmediately put out house up for sale and found a buyer right away.  Preferred Tax Relief

Everything was moving along nicely and we were looking forward to the big move, but then we hit a snag.  We discovered an IRS tax lien on the home we were in the process of selling. 

My wife and I had no idea where this tax lien could have come from.  Nothing had ever come in the mail from the IRS to notify us of a problem.  In fact, we didn’t receive any statement that we owe back taxes.  Apparently this problem had existed for a while, since we discovered it when we were selling the house in 2007, and the from the 2002 tax year. 

Of course, I went to our home computer where I had saved our 2002 taxes after filing online, and they showed that we did not owe taxes.  It was all too much for us, so I began looking online to find someone who specializes in this sort of problem.  Why waste time?  I decided my time was better spent keeping our business afloat rather than devoting hours upon hours to dealing with the IRS, a task that I knew nothing about.  Preferred Tax Relief

What scared me the most was that filing a tax lien would mean the IRS had claim over our assets including the property we purchased after the tax lien was settled.  From what I read online, this prohibited us from selling our assets or withdrawing equity from our assets as long as the IRS had an interest in those assets.  The way I understood it, we would be continuing to work hard in our business with this tax lien hanging over our heads and the possibility of the government taking all we had worked for. 

We came across Preferred Tax Relief and starting coordinating with them.  They answered our questions promptly and helped to calm us down, which was important at that stage of the game.  They took care of the tax lien so fast that we were still able to sell our house and move forward with moving into our dream home.  Preferred Tax Relief

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