D
deepsheeit
Guest
What is the name of your state? MA
i'm concerned about the potential loss of my childhood home. my father (retired and broke) owes $150, 000 to the irs. however, the house was transferred to my mother's name over 4 years ago. she filed separate income tax returns for the years in question ( the years that comprise the debt). i also still reside at the residence. the house has an appraised value of approx $249,000 but can sell for close to $400,000 on the market. my father received a third notice about this debt from the irs...can someone cast some light on the steps leading up to seizure? and will my mother be a target even if she filed separate tax returns for the years in question...and will the house be targeted even if it was transferred to my mother four years ago? thanks a bunch for any insight...
i'm concerned about the potential loss of my childhood home. my father (retired and broke) owes $150, 000 to the irs. however, the house was transferred to my mother's name over 4 years ago. she filed separate income tax returns for the years in question ( the years that comprise the debt). i also still reside at the residence. the house has an appraised value of approx $249,000 but can sell for close to $400,000 on the market. my father received a third notice about this debt from the irs...can someone cast some light on the steps leading up to seizure? and will my mother be a target even if she filed separate tax returns for the years in question...and will the house be targeted even if it was transferred to my mother four years ago? thanks a bunch for any insight...