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A Certificate of Subordination under Internal Revenue Code Section 6325(d)(1) and 6325(d)(2) allows a named creditorto move their junior creditor position ahead of the United States’ position for the property named in the certificate.
A taxpayer has to submit their application at least 45 days before the transaction date that the certificate of subordination is needed.
Complete Form 14134, Application for Certificate of Subordination of Federal Tax Lien.
6325(d)(1) - a subordination may be issued under this section if you pay an amount equal to the lien or interestto which the certificate subordinates the lien of the United States. So under this request you would need to pay an amount.
6325(d)(2) – a subordination may be issued under this section if the IRS determines that the issuance of the certificate will increase the amount the government realizes and make collection of the tax liability easier. This might involve a refinance to a lower interest rate which would, if the subordination were granted, allowa larger monthly repayment rate on the tax liability. When you complete the application you would need to choose which IRC you are requesting under.
If this is a CA FTB lien then look to these instructionshttps://www.ftb.ca.gov/individuals/liens/rlslien.shtml
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Are the implications different if IRS?
I do have both IRS and FTB that need to be dealt with.
The first I sent you was for the IRS.
Will the IRS and FTB work with me to have temporarily tax liens removed to allow my loan modification or will my loan modification fail due to their denial?
How much should I expect to pay for this tax lien subordination service to a local attorney?
What can I expect to pay an enrolled agent or a CPA for these services?