How Preferred Tax Advice Assisted The Purchase of a New Home
posted in Used Car Donations |Two years ago, we finally found the home of our dreams and made an offer on it. We were ecstatic when our offer was accepted thus, we uimmediately put out house up for sale and found a buyer right away. Tax Help
Everything was going along nice and simple and our family was looking forward to the massive move but we hit a major roadblock. To our surprise, there was an IRS tax lien on the home we were selling.
My wife and I had the vaguest idea where this tax lien could have come from. Nothing had ever come in the mail from the IRS to notify us of a problem. No statement of back taxes owed. It appeared that this problem has been dragging since 2002 and only came to our attention when we try to sell the home in 2007.
Of course, I went to our home personal where I had saved our 2002 taxes after filing on the web, and they showed that we did not owe taxes. I couldn’t handle the situation and I felt that it was ideal to let somebody take care of the problems for us. Why reinvent the wheel? I realized that it would be wise to focus on our business and let the experts deal with the IRS.
What frightened me the most was when I learned that, by filing a tax lien, the IRS is has laid claim to our property, including houses or automobiles, and it can include property that we acquired after the tax lien was filed. According to the information I read on the web, 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 found Preferred Tax Relief and began working with them. They answered our questions promptly and helped to calm us down, which was important at that stage of the game. They took care of the tax lien immediately that’s why we were able to sell our home and move to the new house without delays. Preferred Tax Advice