You’re recently divorced and finally getting your life back together — ready to move out of the apartment you’ve been living in with your kids into a home with a yard. After touring dozens of homes with your Realtor, you finally find the perfect home. The Realtor perfects the purchase agreement and the loan application is submitted to the mortgage company. But, then the “elephant” emerges. When the mortgage company pulls your credit report, you discover for the first time that the IRS filed a notice of federal tax lien three years ago in your ex-husband’s name.
Here at Bryson Law Firm, LLC, we frequently receive calls from individuals who are trying to purchase a home or sell their current home, but are prevented from being able to due to an IRS tax lien filed in the public records and/or with the credit bureaus. I wanted to take this opportunity to explain to anyone in this situation some of the options available to you.
Remember a time in the not-so-distant past when renting a movie meant loading the entire family into the car and driving to the local Blockbuster store? A small thing would happen after you paid at the register: at the bottom of the receipt, just above “Be Kind, Please Rewind” would be a line for sales tax paid. With on-demand movies there is no receipt, but is there a sales tax?