I have a client that owes the IRS $100k, and has been in CNC status the last 7 years. The client’s lender, who provides financing for their business, just found out that the IRS has liens on the real estate that the client is using for collateral with the bank. The bank is threatening that they will pull the financing if the liens aren’t removed. Without the financing, the client will go out of business.
What would be the best course of action for the client?