Form 14497 Notice Of Nonjudicial Sale Of Property {14497}

Form 14497 (Rev. 1-2022), Notice of Nonjudicial Sale of Property, A Notice of Sale is a document or documents used by the foreclosing party to inform the Internal Revenue Service (IRS) of a nonjudicial foreclosure sale. It allows the IRS to identify what, if any, interest the United States has in the property being sold. In the case of real property, it allows the IRS to begin considering whether to exercise its redemption rights after the sale. A Notice of Sale is required when the IRS has a lien or claim on the property to be sold which is junior to the foreclosing party’s claim. When properly noticed, an IRS junior interest is discharged from the property through the foreclosure sale. www.FormsWorkflow.com