Overhaulin'

If I have $5000 federal tax lien, can I sell my car for $1000 and send $1000 to IRS?

Or must I pay the entire $5000 before I can transfer title?

Public Comments

1. You don't have clear title until the lien is cleared. No one is going to buy the care unless they can get the title.
2. If the IRS has a lien on the car, you cannot sell it until the lien is paid or released. The IRS may allow a release of the lien if they will indeed get the money. Helen, EA in PA