Chapter 5 - CHAPTER 5 FORECLOSURES INVOLVING TAX LIENS

• Jurisdiction: Colorado

Chapter 5 FORECLOSURES INVOLVING TAX LIENS

Nicholas S. Bjorklund, Esq.^*

SYNOPSIS

§ 5.1 INTRODUCTION

§ 5.2 FEDERAL TAX LIENS

§ 5.2.1—Generally

§ 5.2.2—Divesting the Federal Tax Lien by Judicial Foreclosure

§ 5.2.3—Divesting the Federal Tax Lien by Public Trustee Foreclosure

§ 5.2.4—IRS Redemption Rights After a Foreclosure

§ 5.2.5—Administrative Procedures to Divest Federal Tax Liens

§ 5.3 STATE OF COLORADO TAX LIENS

§ 5.3.1—Generally

§ 5.3.2—Tax Liens Affected

§ 5.3.3—Notice to the State of Colorado

§ 5.3.4—Redemption Rights of the State of Colorado

EXHIBITS

Exhibit 5A—IRS Publication 786

Exhibit 5B—IRS Publication 4235

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Notes:

^[*] William H.T. Frey was a co-author on the previous version of this chapter. Mr. Frey has since retired from the practice of law. While he...