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Federal Tax Liens

Federal Tax Liens. Federal Tax Liens. Taxpayer Authorization Releases Payoff Request. Federal Tax Liens. Certificate of Discharge Certificate of Subordination. Federal Tax Liens. Purchase Money Mortgages & Subordination Certificate of Nonattachment. Federal Tax Liens.

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Federal Tax Liens

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  1. Federal Tax Liens

  2. Federal Tax Liens Taxpayer Authorization Releases Payoff Request

  3. Federal Tax Liens Certificate of Discharge Certificate of Subordination

  4. Federal Tax Liens Purchase Money Mortgages & Subordination Certificate of Nonattachment

  5. Federal Tax Liens Collection Advisory Group Addresses

  6. Taxpayer Authorization • Any request for taxpayer information regarding liens must include form 8821 Tax Information Authorization or • Form 2848 Power of Attorney and Declaration of Representative

  7. Lien Releases Written request for release of lien must include the following: • Name, address and taxpayer identification number • A copy of each notice of Federal tax lien for which a release is requested • Grounds upon which release is being sought as well as proof

  8. Payoff request • Request must include taxpayers name and identification number • Date pay-off should be calculated through • Taxpayer authorization to release information (form 8821 or 2848) • Name, phone number and address where requestor may be contacted

  9. Certificate of Discharge • Prepare memo as per Publication 783 include • Copies of Federal Tax Liens • Title Commitment • Certified Appraisal • Preliminary Settlement Statement

  10. Certificate of Subordination • Prepare memo as per Publication 784 include • Certified appraisal • Copy of refinance or new loan agreement • Settlement charges • Amount to be paid over to Government

  11. Purchase Money MortgagesPublication 785 • A loan made to purchase real property, the lender may obtain a Purchase Money Mortgage (PMM)

  12. Purchase Money Security Interest Pub 785 • A loan made to purchase personal property the lender may obtain a Purchase Money Security Interest (PMSI)

  13. PMM & PMSI Pub 785 • Revenue Ruling 68-57, which states that it is the position of the IRS that a PMM or a PMSI given in good faith to secure a loan for the purchase of real property or goods, has priority over an already recorded Notice of Federal Tax Lien.

  14. Certificate of Nonattachment Prepare memo as per Publication 1024 include • Real Property provide a Copy of Deed. • Copies of any documents that will prove identity of applicant (driver license, social security card)

  15. Collection Advisory Group Addresses Publication 4235: • Provides a list of certificates related to a Notice of Federal Tax Lien and • Provides the addresses for IRS Advisory Group by locations serviced.

  16. Contact Information for South Texas Call or write to: Advisor Paula Wilkins Telephone No. 210-841-2408

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