IRS Probate Form 4422 - IRS: Application Under Irc § 6325(C) For Release Of Specific Property From I

FULL NAME OF FORM: Application Under Irc § 6325(C) For Release Of Specific Property From Irc § 6324 Estate Tax Lien

WHEN TO USE THE FORM: This form is the Internal Revenue Service form for an application under IRC § 6325(c) for a release of specific property from the general estate tax lien under IRC § 6324. This lien exists for a period of ten (10) years following Decedent's death unless the estate tax is paid in full or becomes unenforceable by lapse of time. Examples of use of this form would be to satisfy a clear title requirement of a buyer, a mortgagee or a title insurance company when an estate asset, such as the Decedent's home, is to be sold before the estate tax return is filed or before the tax is finally determined and paid, or when the estate wants to borrow money secured by an estate asset in order to raise funds to pay the estate tax.

HOW TO USE: Check to see if the Internal Revenue Service has revised this form after the revision date shown on the form. Follow the instructions on the form and those contained in Regulation § 301.6325-1(c).

COMMENTS: If there is an IRC § 6324A lien on property or an IRC § 6324B lien on property, there is not an IRC § 6324 lien on such property with the respect to the same estate. IRC §§ 6324A(d)(4) and 6324B(c).