Publication 783 With Irs In Cook

• Category: Federal - IRS - Tax Liens
• State: Multi-State
• County: Cook
• Control #: US-00110
• Format: Word; Rich Text

Description

Publication 783 with IRS in Cook is a form utilized to request a certificate of discharge from federal tax liens under section 6325 of the Internal Revenue Code. It is primarily aimed at individuals such as attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in managing property subject to federal tax liens. The form requires the applicant to provide detailed information, including the name and address of the taxpayer, a thorough description of the property including its location, and the encumbrances on the property that may have priority over the federal lien. Additionally, the applicant must demonstrate how and when the taxpayer's interest in the property has been divested and provide evidence to establish the property's value, whether through appraisals or sales information. Key features of the form include the necessity for declarations under penalties of perjury and specifications for supporting documentation such as notices of federal tax lien and any relevant escrow agreements. Attorneys and paralegals will find this form particularly useful when navigating the complexities of tax lien discharges and property conveyances, ensuring all legal requirements are met for their clients.