Thursday, November 24, 2011

Husband quitclaimed the house to me. Now he may be in trouble with the IRS. Can the IRS take the house?

My husband quitclaimed the house to me two years ago. Now he may have been caught for fraudulent claims on his tax returns. Can the irs take the house? If I divorce him...would that prevent the irs from taking the property?|||If he transferred the property to keep it away from the IRS, they can take it. Period.|||Bostonian is correct if the transfer took place during the time that the return was filed, a Federal tax lien can be placed on the home. and foreclosure could be possible. You stated he filed a frauduelent tax return, was that return filed Jointly? If so you signed the return also stating that all the information on the return is correct. If you did file jointly you are as legally responsible for the return as he is.|||Although the IRS can legally take the house to sell for tax debts - with any excess going back to you - they may not know about it or may not bother depending upon the money involved. The bigger the taxes and house value the bigger the chances they may go after it.

No comments:

Post a Comment