Posted on: 12th May, 2009 11:56 am
Brother owe millions of dollars in State and IRS taxes.. IRS put a lien on house... can they take our share - my sisters 1/3 and my 1/3 or do they just go after my brother's 1/3?
Hi annalee
IRS has placed lien on the whole property. It is not possible to place lien on 1/3rd of the property that your brother owns. If IRS sells off the property to recover their dues, then they would pay off your portion of the property to you from the sale proceeds.
Thanks.
IRS has placed lien on the whole property. It is not possible to place lien on 1/3rd of the property that your brother owns. If IRS sells off the property to recover their dues, then they would pay off your portion of the property to you from the sale proceeds.
Thanks.