Schafer and Weiner Assists with Auto Supplier’s IRS Tax Lien Subordination
Daniel J. Weiner and John Stockdale, Jr. assisted a veteran-owned Tier 2/3 auto-supplier obtain tax lien subordination. This second-generation auto supplier incurred more than $700,000 in unpaid 941 withholding tax, interest, and penalties. The IRS issued a notice of tax lien, causing the factoring company to cease financing accounts receivable and imperiling operations. Dan and John quickly worked with the IRS and the Taxpayer Advocate’s office and achieved tax lien subordination, which allowed the auto supplier to continue operations without employment losses or interruptions to the just-in-time supply chain.