IRS Tax Guide for How to Prepare Application to Release Property Secured by Federal Tax Lien
IRS Tax Guide for How to Prepare Application to Release Property Secured by Federal Tax Lien

Read Online IRS Tax Guide for How to Prepare Application to Release Property Secured by Federal Tax Lien DOC

Section 7425(d) of the Internal Revenue Code provides that the United States may redeem real property sold in a nonjudicial proceeding when the sale is made to satisfy a lien prior to that of the government. The Technical Services Advisory Group Manager for the Internal Revenue Area in which the property is located has been delegated authority to release any right to redeem property. The government may release its right of redemption if you pay the Internal Revenue Service an amount equal to the value of that right; or if the IRS determines that the right of redemption is valueless. Please follow all applicable instructions in this publication when you apply for a release by the United States of its right to redeem property under IRC Section 7425(d)

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  • Released: November 16, 2020
  • Author: Internal Revenue Service (IRS) Department of the Treasury
  • Rating: 5
  • Publisher: Ebook DIgital Agency
  • Total Page: 1049 pages
  • File Size: 3670 KB
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