LIEN RELEASES / SUBORDINATIONS
The IRS routinely files federal tax liens against property of those taxpayers owing significant tax liabilities. Once the liability is paid, compromised or the statutory period of time to collect has expired, a federal tax lien release should be obtained and filed with the appropriate state agency. In other situations, a taxpayer with a federal tax lien may wish to obtain a loan for the purpose of partially paying the liability. Typically, lenders will require a lien subordination from the IRS in order to approve the loan.
