5. David Developer owes approximately $250,000 in employment taxes. David owns a large tract of land which has been subdivided into 100 lots. Liens were filed by the IRS in 20X5 which attached to his interest in the land. It is now 20X9, and David's subdivision has become a prime location. He has a purchaser who will buy one lot for $50,000, but he needs to get the lien released. He is afraid that the buyer's attorney will not let the buyer go ahead unless you can assure him that title will not be clouded by the lien. (A) Will the IRS have a lien on title in the hands of the purchaser? Will the purchaser have priority over the IRS? If the purchaser gets a mortgage to buy the property, which lien is in first place?

5. David Developer owes approximately $250,000 in employment taxes. David owns a large tract of land which has been subdivided into 100 lots. Liens were filed by the IRS in 20X5 which attached to his interest in the land. It is now 20X9, and David's subdivision has become a prime location. He has a purchaser who will buy one lot for $50,000, but he needs to get the lien released. He is afraid that the buyer's attorney will not let the buyer go ahead unless you can assure him that title will not be clouded by the lien. (A) Will the IRS have a lien on title in the hands of the purchaser? Will the purchaser have priority over the IRS? If the purchaser gets a mortgage to buy the property, which lien is in first place