Two years ago, we finally found the home of our dreams and made an offer on it. Our offer was accepted and so we put our house up for sale in the market and luckily, we found a buyer.
Everything was going along nice and easy and our family was looking forward to the big move but we hit a major roadblock. To our surprise, there was an IRS tax lien on the home we were selling.
My wife and I had no idea where this tax lien could have come from. There was no notice from the IRS to inform us of the tax issues. There was no statement that we owed back taxes. It appeared that this problem has been dragging since 2002 and only came to our attention when we try to sell the house in 2007.
I verified our 2002 tax filing online and it showed that we didn’t owe any back taxes. I couldn’t handle the situation and I felt that it was best to let somebody take care of the problems for us. Why reinvent the wheel? I realized that it would be wise to focus on our business and let the experts deal with the IRS.
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. According to the information I read online, this prevented us from selling our assets or withdrawing equity from our assets as long as the IRS had a claim over those assets. It dawned on me that the tax lien will hold us off even if we continue to work hard on our business and the looming possibility of the government taking over our assets in the future.
We discovered Preferred Tax Relief and started working with them. They were quick to address the issues and helped us calm down, which was a big deal for us. They were so fast in handling our tax lien case thus, we were able to sell our house right away and moved into our new home.
The tax experts at Preferred Tax Relief will aid you in Preferred Tax Relief; they concentrate in IRS tax liens issues including wage garnishment and tax audits Our experts are composed of Certified Public Accountants, tax preparers, former IRS lawyers and former IRS enrolled agents.
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