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#1
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| My husband and I have been separated for 4 years. I live in Michigan in the maritial home. He incurred a substantial tax liability and is working on a compromise with the IRS. He wants me to furnish info about my pay, property tax info, and the balance on the mortgage. He tells me the IRS will take the house if something isn't done. What can I do to protect myself and save my home? |
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#2
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Infor neededWhat you can do depends on the answers to a few questions: 1. Whose name is on the title to the house, and in what form of ownership (for example, joint tenancy)? 2. Did you file joint returns with your husband for the years that he owes for? |
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#3
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| >> What can I do to protect myself and save my home?<< See a *competent* local tax lawyer immediatley. Do NOT give your husband any info until you have done so. There are new "Innocent Spouse" provisions of the Code that may permit you to walk away in total,...particulaly if you have been filing "Married, filing seperatly". The IRS has not been siezing homes often, your REAL risk is payroll garnishment, or siezure of bank accounts. |
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#4
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| In response to 'loku': Both of our names are on the title. And I did not file a joint return. |
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#5
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tax specialistI agree with Taxguy about seeing a tax specialist immediately. You are not liable for your husbands tax liability because you did not file a joint return; however, if the property is in both of your names the IRS may decide to seize it. Whether they will is another story, and a competent tax professional could help a lot. |
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