Spencer Fane attorney Jason Medley’s article, Tax Lien Workarounds and Anomalies, was recently published in the International Factoring Association’s Commercial Factor.
In the piece – Jason’s latest for the publication – he provides advice to factors on the handling of IRS liens. He provides best practices, tips for handling anomalies, and outlines potential risks.
“Most factors are not afraid to continue funding in the face of an IRS lien, but it helps to be mindful that the lien amount can increase later and relate back to the filing date. It also helps to know that the lien’s priming ability may come sooner than the 45th day,” Jason says. “Always err on the side of caution, but do not be afraid to employ the mitigation strategies expressed above, as long as you understand the risks.”
Read Jason’s full article here.