Hi and welcome to Just Answer!Sorry for your situation.While legally the IRS may take your property to satisfy the tax debt - that is very unlikely.
Most likely - the IRS will register a lien on your home - and you will not able to sell or refinance it without approval of the IRS.The best you may do - negotiate installment payment plan with the IRS.
You can make monthly payments through an installment agreement if you're not financially able to pay your tax debt immediately. Before you apply:
will they let us refinance it to get the funds to pay them off?
and will they give us time. because we filed bankruptcy before, we canot get refinanced until 1.5 years after this years taxes become due in 2014
To keep your account in good standing:
An installment agreement is an option for those who cannot pay their entire tax bills by the due date. Penalties are reduced, although interest continues to accrue on the outstanding balance. In order to qualify for the new expanded streamlined installment agreement, a taxpayer must agree to monthly direct debit payments.
Taxpayers can set up an installment agreement with the IRS by going to the On-line Payment Agreement (OPA) page on IRS.gov and following the instructions.These changes supplement a number of efforts to help struggling taxpayers, including the “Fresh Start” program announced last year. The initiative includes a variety of changes to help individuals and businesses pay back taxes more easily and with less burden, including the issuance of fewer tax liens.
Taxpayers who owe up to $50,000 in back taxes will now be able to enter into a streamlined agreement with the IRS that stretches the payment out over a series of months or years. The maximum term for streamlined installment agreements has also been raised to 72 months from the current 60-month maximum.
The IRS announced plans for new penalty relief for the unemployed on failure-to-pay penalties, which are one of the biggest factors a financially distressed taxpayer faces on a tax bill.
The penalty relief will be available to two categories of taxpayers:
Let me know if you need any help.