Certificate of discharge from federal tax lien - PDF document

List encumbrances senior to the Federal Tax Lien. Include name and address of holder; description of encumbrance, Advisory Group Manager. Terms for agreement must be reached before discharge approved. Complete the entire application. Enter NA , when appropriate. Attachments and exhibits should be included as necessary. Additional information may be requested of you or a third party to clarify the details of the 6. Monetary Information 7. Basis for Discharge: 6325(b)(2)(A) The United States receives an amount not less than the value of the United States' interest. 6325(b)(2)(B) Interest of the United States in the property to be discharged has no value. 6325(b)(3) Proceeds from property sale held in escrow subject to the liens and claims of the United States. 6325(b)(4) Deposit made or bond furnished in an amount equal to the value of the United States' interest. 8. Description of property (for example, 3 bedroom rental house; 2002 Cessna twin engine airplane, serial number 9. Appraisal and Valuations : The escrow account must be funded before payment of do not send one with the application. The Advisory Group tiÀed; cashiers; or treasurerҋs check. The check must be drawn States. Payment can also be made using a United Statespostal, bank, express or telegraph money order. In all cases Advisory staff will review and verify the information be issued, and contact you with any questions. Advisory mayThe Advisory Group Manager has the responsibility to review If approved, you will receive a conditional commitment letter. isfaction of the tax liability, proof that the taxpayer has been commitment letter. Also see, Publication 487an Application Requesting the United States to Release Its Right to Redeem Property Secured by a Federal Tax Lielection Appeal RequesPublication 1660, Collection Appeal Privacy and Paperwork Reduction Act Notice used. We must also tell you what could happen if you do not We ask for the information on this form to carry out the Internal Revenue laws of the United States. This information requesteddetermine whether the federal tax lien can be discharged. Yare not required to apply for discharge; however, if you want the the information requested on this form. Section 610 requiresyou to provide the requested identiÀcation numbers. Failure to pending on individual circumstances. The estimated burden number 1545-2174. The estimated burden for those who Àle this form is shown below. Recordkeeping 2 hr., 45 min. Learning about the law or the form 2 hr. Preparing the form 1 hr., 30 min. relative to the transaction for additional information. We may treaty, to federal and state agencies to enforce federal nontax Publication 783 (Rev. 6-2010) Department of the Treasury www.irs.gov Section 10 - Federal Tax Liens are different. If the applicant and the taxpayer are the same,lien document, available. If you do not have the number(s) Section 11 - Sales Contract/Purchase Agreement property or why they have no interest in the property. Section 12 - Title Report Check the box indicating whether the title report is attached. family relationship of the holder, if applicable. statement is attached. This statement is often referred to any transfer or sale associated with property. Section 14 - Additional Information documents relevant to the discharge application. This Section 15 - Escrow Agreement escrow agreement. This is only applicable if you are applypayment will be made, cost of escrow, and the name Section 16 - Waiver The property owner, but By checking the ´Waiveµ box you are waiving the option to have The applicant or their authorized Power of Attorney signs the application form. You must sign your application under penalties Frequently Asked Questions not send a payment with the application. The Advisory Group tion is made under section 6325(b)(2)(A) or 6325(b)(2)(B). A allowance because of an inability to pay. pense allowance is subject to limitations. To apply for the allowExpense Allowanceµ with the application for discharge. Second, the Advisory Group Manager approves the escrow Publication 783 (Rev. 6-2010) Department of the Treasury www.irs.gov 6325(b)(1) the amount of the federal tax liability secured by the lienpublic notice of the lien. If there are mortgages, state and/Tax liability Other Debts  Statesҋ interest in the property being discharged. For examMinus encumbrances senior to IRS lien: 135,000  65,000 satisfaction of the tax liability, there remains an outstanding In the case of Tenancy by Entireties property-a discharge may be issued under thisinterest in the property has no value. The debts senior to the property or greater than the sale value of the property. property to be sold. Per an escrow agreement the sale  interest in the property. In the case of Tenancy by Entireties property,must be made. If you are the property owner (but not thetaxpayer, i.e., you are not responsible for the tax liability) available. The gov/c570/index.htmlby the Secretary of the Treasury as providers of acceptable — a discharge of property subject to an Estate Tax Lien is not covered in this publication. Please refer to Enter a detailed description of the property to be discharged erty, for example, 3-bedroom house; etc. When the property plane, serial number AT1000000000;00; etc. tion address if personal property. a copy of the title or deed to the property. remaining subject to the lien. If you are not applying underSection 9 - Appraisal and Valuations Check the ´Attachedµ box after ´Required Appraisalµ india disinterested third party. This is typically a professional lowing Additional Valuationsµ section to indicate which other Publication 783 (Rev. 6-2010) Department of the Treasury www.irs.gov Instructions on how to apply for Certi¿cate of Discharge From Federal Tax Lien A CertiÀcate of Discharge under Internal Revenue Code Sec Revenue Code Section 6325(c) subject to an Estate Tax Lien is For Estate Tax Lien discharges charge of Federal Tax Lien IRS, Attn: Advisory Group ManagerCollection Advisory Group Addresses for the correct address. The correct address If you have any questions, contact the applicable Advisory lien(s) in full, call 1-800-13-6050, visit the nearest Taction date that the certiÀcate of discharge is needed. Doingso will allow sufÀcient time for review, determination, notiÀcation Information Required on the Application Section 1 - Taxpayer Information as it appears on the Notice of Federal Tax Lien (NFTL). AEnter, if known, the last 4 digits of the social security Enter, if known and if applicable, the last 4 digits of any Provide a daytime phone number and a fax number. Section 2 - Applicant Information the taxpayer and the applicant. If you are not the taxpayer, Notice of Federal Tax Lien, enter your name (include any and fax number. the taxpayer, enter in the box next to ´Nameµ your relationship to the taxpayer (e.g. parent, uncle, sister, Section 3 - Purchaser/Transferee/New Owner Enter the name of the property owner. and the property owner, enter, ´same as applicantµ. taxpayer, parent, no relation, etc.). Section 4 - Attorney/Representative Information representative of a party other than the taxpayer, such as the lender, needing to receive information from the IRS. However, ing a Form 8821 (Tax Information Authority) or Form 2848 (Power of Attorney) with your application. If you are attachÀlled out, and dated. You must provide one of these the taxpayer. Enter the name, address, phone number, and fax number of your representative in this action. The IRS will work taxpayer, lender, title company, etc.). This allows the IRS to plication to the tax liability. Enter NA for the amount of proceeds the IRS can expect, if under several Internal Revenue Code (IRC) provisions. After below, select the discharge section that best applies to your application. If the IRS does not agree with your selection after itsreview, an explanation of the decision will be provided. Publication 783 (Rev. 6-2010) Department of the Treasury www.irs.gov