IRS To Help Homeowners Refinance Or Sell Homes

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated) 

Yahoo!   Google   Windows Live   del.icio.us   digg   Netscape

Subject Author Date IRS To Help Homeowners Refinance Or Sell Homes William Brenner 12-16-2008  Re: IRS To Help Homeowners Refinance Or Sell Homes Dick Adams 12-17-2008  Re: IRS To Help Homeowners Refinance Or Sell Homes Phil Marti 12-17-2008  Re: IRS To Help Homeowners Refinance Or Sell Homes Taxmanhog 12-17-2008  Re: IRS To Help Homeowners Refinance Or Sell Homes Mike Wellman 12-17-2008  Re: IRS To Help Homeowners Refinance Or Sell Homes paultry 12-17-2008
Posted by William Brenner on December 16, 2008, 11:31 pm Please log in for more thread options IRS lien against home can be made secondary to lender lien. http://news.yahoo.com/s/ap/20081216/ap_on_go_ca_st_pe/irs_homeowners_2 -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Dick Adams on December 17, 2008, 11:05 am Please log in for more thread options > IRS lien against home can be made secondary to lender lien. > http://news.yahoo.com/s/ap/20081216/ap_on_go_ca_st_pe/irs_homeowners_2 An interesting article and a very good move by the Treasury Secretary. Dick -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Phil Marti on December 17, 2008, 12:30 pm Please log in for more thread options "Dick Adams" wrote: > An interesting article and a very good move by the Treasury Secretary. A better move by IRS Public Affairs and a Commissioner who seems to have some political instincts. These processes have been in place since the Federal Tax Lien Act of 1966. The snag in getting them done timely has primarily been incompetent real estate agents who don't know about them and lazy title company employees who don't sound the alarm fast enough. Hopefully IRS has streamlined the process as best they can, but considering that I've gotten them done in less than 24 hours start to finish, I don't see much they could have changed from what was already in place. -- Phil Marti Clarksburg, MD -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Taxmanhog on December 17, 2008, 5:56 pm Please log in for more thread options >"Phil Marti" wrote... >> "Dick Adams" wrote: >> An interesting article and a very good move by the Treasury Secretary. > The snag in getting them done timely has primarily been incompetent real > estate agents who don't know about them and lazy title company employees > who don't sound the alarm fast enough. Hopefully IRS has streamlined the > process as best they can, but considering that I've gotten them done in > less than 24 hours start to finish, I don't see much they could have > changed from what was already in place. I know your up to speed Phil, but advice to others.......! Consult pub's 783, 784, & 785 depending on the situation Also consult Pub-1660 on where to route the application. Make sure the Application is complete! And most importantly, the TP/Bank/Lawyers need to bust but to make the deal work. The TP needs to be in ~CURRENT~ compliance with: filing returns that are due and make Estimated deposits or Proper Wage Withholding!! -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Mike Wellman on December 17, 2008, 2:01 pm Please log in for more thread options On Dec 17, 10:05�am, rdad...@panix.com (Dick Adams) wrote: > > > IRS lien against home can be made secondary to lender lien. > >http://news.yahoo.com/s/ap/20081216/ap_on_go_ca_st_pe/irs_homeowners_2 > > An interesting article and a very good move by the Treasury Secretary. > This process has been around a long time. What is new is that they will try to accomplish it much faster. They say it takes 30 days before this news release but it has been more like 45 to 60 days. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Home office deduction at 2 homes March 11, 2008, 11:28 am Property Tax Breaks for Homeowners July 8, 2009, 2:39 pm Re: Fed Income Tax on non-profit Homeowners Association June 3, 2006, 9:44 am depreciation recapture and the homeowners exemption July 30, 2008, 11:16 pm Rental Refinance Tax deduction February 19, 2007, 2:20 pm How to write off points and refinance expenses? April 5, 2009, 6:28 pm Cash out refinance and investment property August 28, 2009, 1:33 am Points on refinance deductible if cash out used to renovate? January 24, 2008, 8:31 am Refinance points paid from the loan amount! April 3, 2009, 11:51 am Buy and sell rules July 19, 2008, 9:26 pm