Professional Negotiator Needed

I'm working a deal w/ $60k in IRS liens. I need a negotiator who can get that chopped down to improve my spread. I'm in the Philly area. Any referrals will be much appreciated.

George P.

Real Estate Investor · Baltimore, Maryland

1,289 posts
8 awards
54 influence

Feb 01, 11:30 AM

Remember, IRS lien is what's owed by the homeowner because of his deliberate decision not to pay taxes.
I personally never heard of a case where an IRS reduces the lien amount. Reducing the lien amount would slash taxpayer's effective tax rate. When was the last time you heard the IRS wanted less money from you?

Nathan Emmert

Multi-family Investor · South Jordan, Utah

786 posts
5 awards
78 influence

Feb 01, 12:42 PM

Don't they have commercials on TV all the time about how attorneys negotiated lower payments with the IRS? Generally the amount owed is significantly higher than the actual tax deficiency due to fees, interest, etc etc etc they tack on.

Steve Babiak

Real Estate Investor · Audubon, Pennsylvania

4,267 posts
14 awards
91 influence

Feb 02, 08:50 AM

Don't pay attention to the nay-sayers, it can be done.

Look for the "shorting IRS liens" link in this next thread:
http://www.biggerpockets.com/forums/41/topics/68977-foreclosure-auction-sheriff-sale-and-trustee-sale-faq

Gerald Levin

Real Estate Investor · Indianapolis, IN

16 posts
50 influence

Feb 04, 02:05 PM

You do know that there is a 10 year statue of limitations on IRS liens? They have 10 years to collect and if they can't, the lien is dismissed. They will collect/garnish/seize if you have assets. They won't if they feel there is nothing to garnish or seize. And if you have the ability to pay, good luck trying to get them to give you 10 cents off your liability. Why should they?

Hope this helps.
Gerald

Brian P

Real Estate Investor · Salt Lake C[ty, Utah

283 posts
1 award
50 influence

Feb 13, 12:13 PM

I have had the IRS release tax liens many times for a partial payment. Why not, if the property doesn't sell the SOL clock is still running, in most cases all they will have if they don't is the same lien in the same place hoping something will happen before the clock runs out.

If they take my partial payment, they get something and the remaining balance of the lien is still outstanding in case the seller wins the lottery or something. And I think they are beginning to understand if I fix and sell the property , or rent it out, they are going to be getting some income taxes off this deal they wouldn't get with no deal.
So far they have been reasonable, so no complaints.

Dion DePaoli

Note Investor · Fort Lauderdale, Florida

Pro Basic

245 posts
1 award
58 influence

Feb 13, 12:41 PM

Yea, you can have the IRS lien removed from the property. That has been done many times. That is NOT the same as removing the tax liability from the homeowner. The odds will be in your favor if the property is in foreclosure or has negative equity. Offering to pay them something and collect the rest from the property owner is a good idea. You will have to jump through some hoops and it might take some time to get it all done.