Michael O'Leary's (mikeo24) Blog

FEDERAL TAX LEVIES  It’s an awful feeling to go to the ATM, attempt to withdraw cash and get a message that there are zero dollars in your account. You contact the bank and are told that the IRS “levied” your account. A levy is a taking or seizure of your property in order to resolve tax debts. M...

HOW TO GET A NOTICE OF FEDERAL TAX LIEN (NFTL) WITHDRAWN  Last week’s blog discussed how you could discharge an asset out from under the “blanket” of an IRS tax lien in order to sell a house. You can link to it here. This week’s blog will go into detail another one of the options available to tax...

HOW TO DISCHARGE AN ASSET FROM AN IRS TAX LIEN Last week’s blog discussed how you could subordinate an IRS tax lien to another creditor in order to refinance a mortgage. You can link to it here. This week’s blog will go into detail another one of the options available to taxpayers to get around a...

HOW TO SUBORDINATE AN IRS TAX LIEN Last week’s blog was an overview on IRS tax liens. You can link to it here. This week’s blog will go into detail about one of the options available to taxpayers to get around a tax lien. This option is known as subordination. My firm, By The Book Taxes, located ...