What is the name of your state?Illinois
15 years ago in the state of Connecticut, I signed some paperworks to help an old boyfriend with a second home mortgage. After a month or so I signed other paperworks to release my name from the previously signed mortgage/ownership documents. I had no idea what type of transaction I was signing or what forms. I trusted him blindly and knew he would not do anything to harm me. After more than a decade the Connecticut Dpt of Revenue had located my address and send me an audit bill of a lump sum added to another lump sum of interest and penalty for a tax assessment and liability on gift tax. I do not have any paper under my records and the city court clerk were only able to find what Dpt revenue are building their case on :a simple clean deed stating my donation of a house as a gift tax to the above mentionned old boy friend. Can u see any way out of this? Any advice is appreciated. -Thanks
15 years ago in the state of Connecticut, I signed some paperworks to help an old boyfriend with a second home mortgage. After a month or so I signed other paperworks to release my name from the previously signed mortgage/ownership documents. I had no idea what type of transaction I was signing or what forms. I trusted him blindly and knew he would not do anything to harm me. After more than a decade the Connecticut Dpt of Revenue had located my address and send me an audit bill of a lump sum added to another lump sum of interest and penalty for a tax assessment and liability on gift tax. I do not have any paper under my records and the city court clerk were only able to find what Dpt revenue are building their case on :a simple clean deed stating my donation of a house as a gift tax to the above mentionned old boy friend. Can u see any way out of this? Any advice is appreciated. -Thanks