IRS Form 14498 Application for Consent to Sale of Property Free of the Federal Tax Lien

What Is IRS Form 14498?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on April 1, 2015. As of today, no separate filing guidelines for the form are provided by the IRS.

FAQ

Q: What is IRS Form 14498?
A: IRS Form 14498 is the Application for Consent to Sale of Property Free of the Federal Tax Lien.

Q: When is IRS Form 14498 used?
A: IRS Form 14498 is used when someone wants to sell property that has a federal tax lien attached to it.

Q: What is a federal tax lien?
A: A federal tax lien is a claim by the IRS on someone's property due to unpaid taxes.

Q: Why do I need consent to sell property with a federal tax lien?
A: You need consent to sell property with a federal tax lien because the lien gives the IRS the right to the proceeds from the sale.

Q: How do I apply for consent to sell property free of the federal tax lien?
A: You can apply for consent to sell property free of the federal tax lien by filling out IRS Form 14498 and submitting it to the IRS.

Q: What information is required on IRS Form 14498?
A: IRS Form 14498 requires information about the property, the taxpayer, and the proposed sale, as well as details about the federal tax lien.

Q: Is there a fee to file IRS Form 14498?
A: No, there is no fee to file IRS Form 14498.

Q: How long does it take to get consent to sell property free of the federal tax lien?
A: The processing time for IRS Form 14498 can vary, but it is typically several weeks to a few months.

Q: What happens if my application for consent is denied?
A: If your application for consent is denied, you will need to work with the IRS to resolve the outstanding tax debt before you can sell the property.