How an IRS Tax Lien Almost Foiled The Purchase of a New Home

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.  Preferred Tax Relief

Everything was moving along nicely and we were looking forward to the big move, but then we hit a snag.  To our surprise, there was an IRS tax lien on the home we were selling. 

My wife and I had the slightest idea where the tax lien could have come from.  There was no notice from the IRS to inform us of the tax issues.  No statement of back taxes owed.  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. 

So what I did was check our 2002 taxes after filing it online and it showed that we did not owe any 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 spend time over things I couldn’t understand?  I realized that it would be wise to focus on our business and let the experts deal with the IRS.  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.  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 work so fast and quick to address the problems with the IRS.  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.  Preferred Tax Relief