I am close to paying off my IRS back taxes and penalties. I still owe quite a bit (close to 20K) in gross receipts. I am in process of trying to allow the state to allow me in to an installment agreement for the back GRT. There are several steps I must go through in addition to filling out a financial statement. One of the strangest is I have to get a rejection letter from a bank that says I attempted to get a loan for the amount due.
Anyway, the big thing that concerns me is that if we can't pay the entire amount within 1 year, , the state will file a lien on the house. Now this concerns me. Will the state lien go ahead of the the private LLC that loaned us the monies to purchase the house? I thought the state might be in second place.
Anyway, the big thing that concerns me is that if we can't pay the entire amount within 1 year, , the state will file a lien on the house. Now this concerns me. Will the state lien go ahead of the the private LLC that loaned us the monies to purchase the house? I thought the state might be in second place.
