Posted on: 19th Oct, 2009 02:45 am
I did a quick claim deed, and transfered my paid off property to my parents 3 years ago. But I owe the IRS income tax from 1 year ago. Can they place a lein on the property I quick claimed 3 years ago, which now is under my parents name
As you do not own the property for the last 3 years, the IRS will not be able to place a lien on that property. Your parents are the present owners of that property. However, if you've other assets, then the lenders can place a lien on it.