Lien Subordination, Discharge or Release:

If you’ve resolved to take care of your back tax liabilities in full or in part, by transferring, selling, or refinancing assets, but you’ve been told “No!” by your bank, your buyer, or the Internal Revenue Service, we can convince them to say “Yes!” The quickest, easiest, and most-effective way to resolve your tax debts is often to use the value of your possessions, but there are many roadblocks if you’ve been on the receiving end of a Federal or State Tax Lien. If you’ve tried to utilize your assets for payment to the Internal Revenue Service or State Taxing Authorities, but previously fell short, you may still have several options available to you that you were previously unaware of.

Unfortunately, many banks and lending institutions can be very naïve when it comes to dealing with tax liens. Because of this, they will often reject perfectly acceptable loans, because they simply do not want to work with the existing tax liens. Many times, the taxing authorities will be in a position to release, temporarily “relax”, or cease enforcement of their existing liens with the proper justification. Sometimes, they will need to receive a form of partial payment. Other times, they will choose to enforce their liens on other pieces of property. Sometimes, the lien won’t result in any payment to the Federal and State Taxing Authorities, and must be removed from the property.

Aspen Accounting & Financial Services has extensive experience in working with tax liens. We will work to convince your lenders, buyers, and tax agents to ensure that the tax liens won’t prevent you from selling and refinancing your assets. Whether you need a Certificate of Release, Subordination, Discharge, Non-Enforcement, or Redemption, we’ll negotiate an expedient and cost-effective solution, and utilize your tax payments for your maximum possible benefit. Our tax attorneys and specialized technical consultants can advise you on a solution, and refer you to lenders, factoring companies, and business sale specialists to assist when others may fall short.

Because managing a tax lien discharge, release, or subordination is a delicate operation, you may wish to discuss your situation at length with both a potential lender, and a tax specialist simultaneously. Utilize our free, no obligation consultation to find out more about what can be done to access your equity and use it as leverage in your tax situation.