http://taxlieninvestingnews.com/questions-and-answers/can-i-sell-a-property-that-has-a-income-tax-lien-on-it/ Current news on Tax Lien Investing Wed, 08 Feb 2012 08:05:35 +0000 http://wordpress.org/?v=2.7.1 hourly 1 http://taxlieninvestingnews.com/questions-and-answers/can-i-sell-a-property-that-has-a-income-tax-lien-on-it/comment-page-1/#comment-174 STEVEN F Fri, 28 Aug 2009 13:36:41 +0000 http://taxlieninvestingnews.com/questions-and-answers/can-i-sell-a-property-that-has-a-income-tax-lien-on-it/#comment-174 It is NOT the profit that goes to the IRS first. The ENTIRE proceeds go to the IRS first. They get paid before the mortgage does. Unless the tax lien is the only lien, you will not be able to clear the title. If the IRS believes the sale price is as much as you can get, they will probably sign off on the sale, but will not forgive the remaining tax debt. You should probably talk to a professional tax adviser before you list the home. If possible, get them in the same room with a Realtor. It is NOT the profit that goes to the IRS first. The ENTIRE proceeds go to the IRS first. They get paid before the mortgage does. Unless the tax lien is the only lien, you will not be able to clear the title. If the IRS believes the sale price is as much as you can get, they will probably sign off on the sale, but will not forgive the remaining tax debt. You should probably talk to a professional tax adviser before you list the home. If possible, get them in the same room with a Realtor.

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