IRS Tax Debts and Real Estate Refinancing: How We Can Subordinate Your Tax Lien

If the IRS has a lien on a piece of property you own, whether it be your house, business, or a real estate investment, you are not allowed to refinance the property until you pay off the amount of the tax lien. Once the tax lien is in place, the IRS takes first position when it comes to any financial dealings. As the official lien holder, the IRS effectively announces to your other creditors and potential creditors that the federal government now owns first rights to all your property and its approximate value. With a federal tax lien on your [...]

2017-05-23T10:06:11+00:00 November 27th, 2009|Tax Resolution|

The Tax Mess of Sarah Palin: Going Rogue with Her Income Taxes

Once called the rock star of the Republican Party, Sarah Palin has been treated like one on her book tour where she is promoting her just published memoir, Going Rogue: An American Life. In Michigan, over 1,500 people lined up in the cold to obtain their copy of the book and experience a few seconds of face time with the former governor of Alaska. Sarah Palin’s fervent supporters want the former Republican vice presidential nominee to run for president against Barack Obama in 2012. The question looming is whether her fan base would remain quite so fervent if they knew [...]

2017-05-23T10:06:11+00:00 November 20th, 2009|Tax Resolution|

The Tax Knockout of Floyd Mayweather Jr — Why Didn’t He Come to Peter Stephan for Help?

After winning his return to the boxing ring with Juan Manuel Marquez, Floyd Mayweather Jr. was knocked-out by the IRS when they levied his purse for $5 million dollars. With a federal lien filed against him by the IRS for $6.2 million dollars in back taxes placed in 2008, Floyd Mayweather Jr. had no choice but to turn over a majority of his big money purse. Could Floyd Mayweather have settled for a much lower amount? Could the flamboyant boxer have avoided all the negative publicity and the probing questions from reporters? The answer to both these questions is a [...]

2017-05-23T10:06:11+00:00 November 16th, 2009|Tax Resolution|