Mississippi
2001 - lost all in stock market thanks to WCOM (Bernie Ebbers) Could not pay $20,000 taxes. IRS took liens on 2 rental & our home.
1 rental house foreclosed and IRS released it.
Have a potential buyer for 2nd rental house but, of course, title not clear. We are Sr. Cits - disabled - Would not be able to pay back taxes.
Considering the IRS has a lien on our $80,000 residence - would they be inclined to released the other house? Could we make an offer to pay a part out of profit on sale and get both homes released? We need money to live on but know we need to do something with IRS. HELP!
2001 - lost all in stock market thanks to WCOM (Bernie Ebbers) Could not pay $20,000 taxes. IRS took liens on 2 rental & our home.
1 rental house foreclosed and IRS released it.
Have a potential buyer for 2nd rental house but, of course, title not clear. We are Sr. Cits - disabled - Would not be able to pay back taxes.
Considering the IRS has a lien on our $80,000 residence - would they be inclined to released the other house? Could we make an offer to pay a part out of profit on sale and get both homes released? We need money to live on but know we need to do something with IRS. HELP!