Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

I HAVE A LIEN AGAINST MY 2000 CHEVROLET BLAZER BY THE IRS. I

Customer Question
I HAVE A LIEN AGAINST...
I HAVE A LIEN AGAINST MY 2000 CHEVROLET BLAZER BY THE IRS. I OWE THE IRS AT LEAST
$25,000. I AM SELLING THE BLAZER FOR $350. DO I SEND THE IRS THE $350.00? DO I HAVE TO REPAY THE $25,000. IN ORDER TO SELL MY VEHICLE?
$
Submitted: 2 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 9 minutes by:
8/25/2015
Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,874
Experience: 15years with H & R Block. Divisional leader, Instructor
Verified

Hello,

A lien on a vehicle is covered under IRC 6323(b)(2)

You do not have to pay the $25000 prior to selling but you do need to turn over the proceeds to the IRS.

IRC 6323(b)(2)

(2) Motor vehicles

With respect to a motor vehicle (as defined in subsection (h)(3)), as against a purchaser of such motor vehicle, if—

(A) at the time of the purchase such purchaser did not have actual notice or knowledge of the existence of such lien, and

(B) before the purchaser obtains such notice or knowledge, he has acquired possession of such motor vehicle and has not thereafter relinquished possession of such motor vehicle to the seller or his agent.

It protects the purchaser from having the lien follow the vehicle. This is true as long as the buyer is not in a position to have known about the lien. This is important because if property transfers to the buyer with the tax lien attached to it, the IRS may have the right to seize the property from the buyer. So under IRC 6323(b)(2) the buyer is protected.

Here is a link to the full IRC about this subject

https://www.law.cornell.edu/uscode/text/26/6323

If my answer addressed your question please rate below or above (let me know if you have difficulty as I believe the system changed).

Rating lets Just Answer know you were assisted and credits me for the time.

Ask Your Own Tax Question
Customer reply replied 2 years ago
IN ORDER FOR THE LIEN TO BE LIFTED AND THE BUYER TO BE ASSURED THERE IS NO LIEN, HOW DO I GO ABOUT THIS PROCEDURE?
Tax Professional: Barbara, Enrolled Agent replied 2 years ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 4,030
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Different expert here - my name is ***** ***** please allow me to provide you with the information which you requested in your latest response.

You will need to submit an Application for Certificate of Discharge of Federal Tax Lien. The IRS is likely to discharge the asset from the lien (allow the buyer to take ownership free and clear of the tax lien) if the asset is sold for fair market value (or close to fair market value) and the proceeds of the sale of the asset are used to pay down the IRS taxes owed.

The following link contains excellent, detailed information as well as a link to the Application:

http://taxfortress.com/how-to-sell-an-asset-that-is-subject-to-a-federal-tax-lien/

Please let me know if you require further information or clarification.

Thank you and best regards,

Barb

Ask Your Own Tax Question
Ask Barbara Your Own Question
Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 4,030
4,030 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

Barbara is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

15,874 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
I HAVE BEEN HAVING 10% taken out for federal tax and I'd
i HAVE BEEN HAVING 10% taken out for federal tax and I'd like to cancel that how can I do that without going to the office which is about 30 miles from my house … read more
Barbara
Barbara
Enrolled Agent
4,030 satisfied customers
My husbandd found he has a tax lien on his credit for the
my husbandd found he has a tax lien on his credit for the state of alabama. we filed an appeal because we had moved to Texas in the same year. alabama says he still owes. can we make a partial payment… read more
Barbara
Barbara
Enrolled Agent
4,030 satisfied customers
I need to get a copy of my 2015 state and federal tax. I
i need to get a copy of my 2015 state and federal tax … read more
abci168
abci168
Principal
27 satisfied customers
Two questions on federal tax deductibility: 1. We personally
Two questions on federal tax deductibility: 1. We personally paid legal fees for our manufacturer C Corp. The fees were for assistance in preparing a Research & Development tax credit application. Can… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have a tax question for my federal taxes. over the year, I
I have a tax question for my federal taxes. over the year, I received funds for a lawsuit settlement for housing discrimination. I am on private disability for an illness, and they will subtract any a… read more
Amanda Russell
Amanda Russell
Accounting Tax & Profit Strategist
Master\u0027s Degree
9 satisfied customers
REGARDING THE FEDERAL TAX LAW INTHE US. IF ONE RECEIVES
REGARDING THE FEDERAL TAX LAW INTHE US. IF ONE RECEIVES ALIMONY PAYMENTS, WHAT CAN QUALIFY AS TO ***** REDUCE THE TAX ON THE ALIMONY RECEIVED ? CAN BUSINESS LOSES BE CARRIED OVER TO REDUCE THE TAX ON … read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,874 satisfied customers
I filed for federal tax extension and was approved, file
I filed for federal tax extension and was approved, file under married separate, after divorce finalized, in divorce decreed I am to file singe from 2016 forward, so do I have to complete the extensio… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
723 satisfied customers
Federal Tax Credit or NC Tax Credit For 2017, is there any
Federal Tax Credit or NC Tax CreditFor 2017, is there any type of tax credit for replacing a roof on a historical house (1870)? It is primary residence. They will either replace the roof or do "hydros… read more
Barbara
Barbara
Enrolled Agent
4,030 satisfied customers
SS# 164582928 Where is my federal tax refund. The refund
My name is***** SS####-##-#### Where is my federal tax refund … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I would like to know which will be the federal tax on a
I would like to know which will be the federal tax on a withdrawal if I am a non resident alien? … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
56 satisfied customers
What is the percent of federal tax on an estate sale of
what is the percent of federal tax on an estate sale of property? … read more
taxmanrog
taxmanrog
Master\u0027s Degree
698 satisfied customers
I have 2015 federal tax lien that has been paid. As of July
I have 2015 federal tax lien that has been paid. As of July 1 , it has fallen off my transunion and experian credit reports as if it never happened due to the new credit reporting rules. It is still s… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I owe 17000.00 in federal taxes I have pension that i need
Hi I owe 17000.00 in federal taxes I have pension that i need to roll over from a previous job. the pension is 49000. I can afford to pay my tax debt without working overtime and that is not a gaurant… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,874 satisfied customers
How do I remove a federal tax lien. I no longer own the
How do I remove a federal tax lien. I no longer own the property. Transferred to spouse in divorce… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
What is the Federal tax % on 20,800 for trailer sale?
What is the Federal tax % on 20,800.00? My daughter is selling her house trailer for 20,800.00. How much does she need to pay in Federal and Colorado taxes?… read more
Barbara
Barbara
Enrolled Agent
4,030 satisfied customers
I have a federal tax lien,filed with,levy,just got divorced,
I have a federal tax lien,filed with,levy,just got divorced, do i have to pay alimony payments. … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have a question about an irs lien. I have a lien for taxes
I have a question about an irs lien. I have a lien for taxes due. The statute of limitations is close to expiring. The submitted a revocation of lien release. The statute tolled for 1 yr & I understan… read more
Andrew Jordan
Andrew Jordan
Shareholder
Master\u0027s Degree
5 satisfied customers
Are California tax lien payments deductible on Federal tax
Are California tax lien payments deductible on Federal tax returns? … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x