I found an off market opportunity, however there are are liens from the irs for $100k+ does anyone know if it’s possible to negotiate or deal with the irs in order to get liens reduced if you buy the property?

Sorry everyone just hopped back onto bigger pockets after a busy few weeks.

Finally, although rare, tax liens related to previous owner could also affect the foreclosure which the IRS reserves the right to take up to 120 days after the sale (don't quote me on that)Good Luck!

If you can easily hop on Zillow and find a 1%er+, you must be in a cf market.I would go look at the exterior amd neigjborhood and get pre-qualified with a lender. 

the irs gift limit is $15k per person per year...  

But the DST becomes the replacement property for the 1031.Their structure was officially blessed by the IRS in 2004 to qualify for 1031 exchange replacement.

The purchase would thus be made with cash.To keep the IRS happy: Mom and children sign a promissory note documenting the terms of the loan, which would be interest-only and with monthly payments being equal to those that mom would be paying her lender.

But my understanding is if you have a business (in this case we are talking about a S-Corp, that makes zero money, but pays $$$ out...the IRS might smell something fishy.

The parent will stay living at the property but POA will hopefully be used to transfer ownership to their adult child Will this be treated as a purchase by the IRS and is it a straight forward transaction?  

The IRS recently provided guidance regarding eligibility under the CARES Act and specified that a qualified individual includes an individual who has a reduction in pay (or self-employment income) due to COVID-19.