Federal Tax Liens

Know the 45-Day Rule

Did you know that the IRS can prime your priority with a federal tax lien? The infamous 45-day rule allows the secured lender a brief period of time after the filing of a federal tax lien to become aware of such lien. After the secured lender has knowledge of the federal tax lien or upon expiration of the 45 day period, whichever occurs first, collateral acquired or related to any new financing by the lender will be subject to first priority provided to the federal government. As part of your initial due-diligence and filing process, talk to Capitol Services about setting up the important recurring searches that will ensure you are advised of any changes that could jeopardize your portfolio!