What options do I have now that the IRS has filed an Arizona Notice of Federal Tax lien?
Arizona Notice of Federal Tax Lien – IRS
If you want to sell an Arizona asset that has a tax lien, the IRS will discharge the property so that you can sell your property free of the tax lien. All of the proceeds of this sale must go towards the AZ tax debt. If you want to get a loan on real estate you can request a subordination which leaves the tax lien on the property but allows the creditor to be ahead of the claim that the IRS has with the tax lien. The process of the loan must be applied to the tax debt. A withdrawal of the tax lien eliminates the public notice of federal tax lien and gives creditors assurance that the IRS has no claim against the asset.
If you are considering selling an asset in Arizona or borrowing against an asset and have an IRS tax lien, consider a free initial consultation with Scott Allen E.A. of Tax Debt Advisors. Tax Debt Advisors has the expertise to work with the IRS on your behalf. Call 480-926-9300 to schedule your appointment.