Federal Tax Liens

First Mortgage On Income

Unpaid tax is a silent lien and need not be filed to enjoy a priority claim position over current income ... even over future income in irs tax recovery cases.

Liens are self-releasing when tax is subsequently paid or otherwise satisfied.

A notice of lien filed in public records attracts a negative rating on credit reports and influences negative lending in the marketplace. Lenders and purchasers in the marketplace recognize liens prevail over income and asset equities. Application letters are required to seek approval for versions of lien release,

• to discharge a lien behind asset buyers, or
• to subordinate a lien behind income lenders.

An approved application for lien release is partial in nature and leaves debt service obligations exposed to unpaid liens.

In order to enhance loan opportunities in the marketplace, the irs recently relaxed established protocol for filing a lien. The irs has also relaxed long-standing protocol, under certain conditions, to withdraw a lien already filed in public records.

Relaxation of filed lien protocol has not diluted the legal effect of silent liens and secret liens ... they remain first mortgage on income.

Pose a tax question or concern about filed liens, secret liens and silent liens ... first mortgage on income!

Return From Tax Liens To TAX TIPS